Mortgage Interest Rates and Purchasing Power You know that rising mortgage interest rates impact home purchasing power. But what does that actually look like in terms of dollars and cents? Let’s check out a few examples to find out! We’ll be using the term “basis points” to refer to the increases. Impact of a 50…
How Much Does It Cost to Own a 3 Bedroom in NYC? (August 2022) Welcome back to my series “How Much Does It Cost to Own”! Each month, we’ll be looking at different sized apartments to get a sense of what the “median” apartment in either Manhattan or Brooklyn would cost. Over time, as we…
July 2022 NYC Monthly Sales Market Update It’s time for the NYC monthly sales market update! Here’s a look at some key numbers for July 2022 in Manhattan and Brooklyn. To view the full NYC sales market monthly update for July 2022, click here. And to view stats for the previous month, click here. Key…
How Will Rising Interest Rates Affect NYC Home Prices? A question on the minds of many would be buyers these days is how will rising interest rates affect NYC home prices. It’s tough to make any solid predictions, given the unique circumstances of the housing market, especially in NYC. But here’s a round up of…
How Much Does It Cost to Own a 2 Bedroom in NYC? (July 2022) Welcome back to my series “How Much Does It Cost to Own”! Each month, we’ll be looking at different sized apartments to get a sense of what the “median” apartment in either Manhattan or Brooklyn would cost. Over time, as we…