Average rental prices climbed for the 23rd consecutive month to $4,073. Average Condo prices in NYC are now around $2,662,100; while average prices reach $1.15 million. Buying is a better option for higher income earners, while rentals are a...

For those considering a move, the inevitable question is always whether it is better to rent or to buy. This is a particularly tough question in New York real estate, since rent prices can often seem intimidating. Why not just pay a mortgage instead? But according to research from SmartAsset.com, perhaps the question isn’t all that difficult. According to their national...

On December 10th of 2016, the  AM New York  newspaper cover story suggested that 2016 may be the best year for Manhattan renters since 2009. But what does that really mean?   There are several factors that go into a positive renter’s market, but the one highlighted by this article was that vacancy rates continue to increase. Quoting data from Citi Habitats, the overall...

  Is it better to rent or buy? The choice depends upon the goals and circumstances of the buyer.  Stories of New Yorkers purchasing in the 1970s, or even as late as the mid-to-late 1990s, and making millions on their apartments, are legion. And if you make all your payments on a 30 year mortgage, then you should have a sizable asset for your...