Trump’s proposed SALT cap repeal could boost luxury real estate markets, benefiting affluent buyers with increased purchasing power.

Hello Friend, Welcome to our September 2024 update on Manhattan’s real estate market. This month, we’re seeing shifts driven by interest rates, evolving buyer preferences, and even changes in living arrangements—like the rise of “boommates,” as highlighted in a recent Bloomberg article. Whether you're buying, selling, or renting, understanding these trends can help you make informed decisions in today’s market. Market Overview: Resilience Despite Economic Challenges Manhattan

Understanding Closing Costs When Purchasing a New York City Apartment: Condominiums vs. Cooperatives

Challenges Facing Cooperatives and Condominiums in Manhattan Amid Maintenance Fee Increases in 2024

Dive into NYC real estate trends, Dorchester Towers sale, and the latest market shake-ups."

This is Corey Cohen, founder of The Roebling Group – the #1 Google-ranked real estate agency. The Roebling Report is our bi-weekly newsletter that summarizes everything you need to know about New York City real estate. Prices Set to Cool This Autumn The average 30-year fixed-rate mortgage currently sits at 7.49%, a dramatic increase from roughly 3% at the start of 2022. This rapid increase in mortgage rates has made it much harder for prospective buyers to find the right home

If you stuck around New York City in the throes of 2020 and 2021 odds are in favor you were rewarded with more affordable rent. To some that meant living in the neighborhood of their dreams and to others it meant a rent reduction of 20%. Those days have passed. While rent renewals with increases of 20-30% make for a highly shareable Tik Tok clip it’s a day that certainly isn’t surprising for an inherently supply-constrained city like New York. To investors it’s a c

Demand soared through spring and early summer for New York City real estate across all boroughs and price points.