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Economy

Agents & Brokers

Large Real Estate Firms Reduce Workforce as Homebuying Demand Cools

Tyler Williams -
During the first quarter of 2020, the median home price in America declined from $329,000 to $322,600 by the start of April. The pandemic...
Market Pulse

NYC Permitting Activity In Q2 Was Almost Twice as High as it Was in 2021

Alix Barnaud -
While the results of New York Yimby's Q3 report are just around the corner, the Q2 Report detailed the level of construction permit filings...
PropTech

Widespread Tech Layoffs and Hiring Slowdowns: Could They Have Been Avoided?

Vivian Tejada -
Fintech and proptech startups raised a collective $163.5 billion in 2021. In 2022, they’re leading the way in the number of global layoffs—make it...
Market Pulse

First-Time Homeownership Increasingly Difficult for the Average American Family 

Vivian Tejada -
Prospective homebuyers are unable to compete in today’s market as investors continue to buy up homes and turn them into rental properties.  The past couple...
Market Pulse

The Median Rent in Manhattan is $4,000, Up 25% Annually

Tyler Williams -
According to a May 2022 report from Douglas Elliman, median rents in Manhattan, Brooklyn, and Northwest Queens grew exponentially over the last year. Manhattan,...
PropTech

Real Estate Firms Compass and Redfin and More Announce Layoffs

Lara Popeck -
With the real estate market cooling off and the economy slowing down, real estate companies are starting to make changes. In filings with the...
Market Pulse

The Housing Market May Be Cooling Down, According to a Redfin Study

Tyler Williams -
A recent Redfin study suggests that the housing market may be cooling down. According to the study, almost one in five home sellers dropped...
Local News

Worker’s Revolution Set to Restructure the NYC Economy

Vivian Tejada -
With more offices adopting hybrid work as a permanent practice, the future of NYC’s economy is up in the air. Manhattan relies heavily on...
Market Pulse

Market Update: May 11, 2022. Gas, Inflation & Rates On The Rise, Market Down.

Andrew Paniello -
While we try to incorporate at least a few positive market developments into each of these updates, we are going, to be honest with...
Market Pulse

Home Appreciation Contributes To Generational Wealth

Tyler Williams -
Over the Last Two Years, Rapid Home Appreciation Has Created More Than $6 Trillion in Household Wealth The housing market appreciated roughly 33% since the...
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