Tag: real-estate-newsletter

Report: New York state most interested in investing in property

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interest

Oct. 3, 2023 By Ethan Marshall According to research from Visio Lending, New York was determined to be the state most interested in investing in property. This conclusion was drawn from the combination of 11 common search terms related to property and real estate to reveal the average monthly search volume in each state. The states were then ranked from “most interested” to “least interested,” based on searches per 100,000 of the state’s population. New York had 124 searches per 100,000 people, which was far and away more than second place Massachusetts’ 108. Over the past year, New York state…
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Zumper reviews what NYC’s $4K rent can get tenants in other cities

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Zumper

Oct. 2, 2023 By Ethan Marshall Following the results of Zumper’s most recent national rent report showing the median cost of rent for one-bedroom units in New York City surpassing $4,000, they decided to review what that amount of monthly rent can get people in other cities across the United States. A total of 10…
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National rent report shows median price of one-bedroom units in NYC are now over $4K

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rent report

Sep. 27, 2023 By Ethan Marshall According to Zumper’s latest National Rent Report, the median rental price for one-bedroom units across New York City has risen above $4,000. New York City retained its rank as the most expensive city to pay rent among the 100 cities included in the study. One-bedroom units in New York City set a new record with the rent increasing 2.3% from August to September to $4,080. This also represented a 3.3% increase from September 2022. This rent is nearly 29% more than the next-highest on the list, Jersey City, which has a one-bedroom rent of…
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Rental competitivity report shows high demand in NYC

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report

Sep. 25, 2023 By Ethan Marshall According to RentCafe’s latest rental competitivity report, New York City has been facing rising competition when it comes to apartments. This surge is due in large part to Manhattan and Brooklyn both placing among the report’s top 20 rental markets. In this report, 139 markets in the United States…
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Southeast Queens leaders break ground on senior affordable housing project in Jamaica

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Jamaica

Sep. 20, 2023 By Bill Parry Speaker Adrienne Adams and Queens Borough President Donovan Richards were all smiles Wednesday as they helped break ground on the Sutphin Senior Residence, a new affordable housing development that will bring 173 units of affordable and supportive housing to seniors in Jamaica. Developed by Breaking Ground, the 15-story structure…
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Rent in Queens skyrocketed this summer compared to 2022: report

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rent

Sep. 19, 2023 By Ethan Marshall According to a report from NYC-based listing portal RentHop, Queens saw a large increase in rent prices of one-bedroom units over the course of the summer. This finding comes as demand for outer boroughs like Queens has increased and new developments are being put up there. RentHop’s report analyzed…
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Douglas Elliman report shows new highs for rent in northwest Queens

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Elliman

Sep. 18, 2023 By Ethan Marshall The August 2023 rental market report from Douglas Elliman Real Estate showed that northwest Queens was experiencing new highs in average rent per square foot, average rental price and median rental prices. At the same time, lease signings continued to drop. Year-over-year, the median rental price rose 27.2%, to $3,900. This is also 31.8% higher than before the COVID-19 pandemic. The average rental price increased 27.3%, from $3,368 in Aug. 2022 to $4,287. The average rent price per square foot in northwestern Queens went up 23%, from $53.19 to $65.43. The net effective median…
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Op-Ed: Broker fee bill would negatively impact Queens renters and real estate professionals

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Queens

Sep. 14, 2023 By Calvin Yan Being a real estate agent in Queens brings new opportunities and challenges each day. As an agent with listings in the borough for the past several years, I have an inside look into this work and how the rental market functions. In an average day, I might have to show many apartments across all different parts of the borough and other boroughs, while also updating and promoting listings and responding to renters asking for time-sensitive information about available units. It isn’t just from 9 to 5 and includes late nights and weekends. And of…
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Little Neck resident opens mobile Kitchen Tune-Up business serving Queens residents

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Sep. 13, 2023 By Ethan Marshall Little Neck resident and entrepreneur Billy Wu has recently begun operating a mobile Kitchen Tune-Up business specializing in updating kitchens and cabinetry for Queens residents. Wu said draws upon his past work experience to ensure the business is running smoothly. He previously spent 15 years working as an investment…
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New York ranks fourth among states in credit card debt increase: report

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debt

Sep. 12, 2023 By Ethan Marshall According to a report put together by WalletHub, New York has experienced the fourth-highest increase in credit card debt among all states in the second quarter of 2023. This conclusion was reached based upon data recently released by the Federal Reserve, as well as data from TransUnion and the United States Census Bureau. The average credit card debt in the state of New York increased by $2,821,527,680 in the second quarter of 2023, ranking as the fourth-highest in the nation. Only California ($5,412,310,336), Texas ($3,944,711,993) and Florida ($3,087,038,580) experienced a larger increase. The total…
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