News

The National Association of Realtors® expects the U.S. housing market to rebound in 2026, with a projected 14% rise in existing-home sales and a 4% increase in home prices.  Economist Lawrence Yun attributes the improvement to solid job growth, ongoing housing shortages, and a modest drop in mortgage rates—expected to average around 6%.  After years of historically low sales and affordability challenges, even slight rate relief may help more buyers close on homes. Despite the optimis...

Manhattan’s long-feared sublease “glut” has sharply reversed. Sublease availability fell to 11.8 million square feet in Q3 2025 — below 2019 levels and down from a peak of 23 million in early 2023, according to Transwestern. Despite predictions that skyrocketing subleases would cripple the office market post-COVID, demand has strengthened. Major absorption deals, including BlackRock taking 193,000 square feet from Meta and Robinhood securing 125,400 square feet at 2 Penn, fueled the decl...

New York City’s housing market showed remarkable resilience in October. New listings rose 5.5% year-over-year to 13,564, while pending sales increased 7.3% to 9,626. Closed sales climbed 3%, reflecting steady buyer confidence. Inventory grew 4.1% in September but remains 5.6% below last year, with supply tightest in Nassau and Suffolk counties. Median prices continued rising: $427,628 statewide, $740,000 for single-family homes, and $525,000 for condos as buyers sought more attainable options....