Articles on REBNY

REBNY Reports Record High Sales in Outer Boroughs

With all those mega high-rises going up in Manhattan and on the newly tapped waterfront areas, it’s easy to forget about New York City’s outer boroughs and the many neighborhoods throughout. We already know that places like Williamsburg and Long Island City are hot markets, but a recent report released by the Real Estate Board of New York (REBNY) shows that they aren’t the only popular neighborhoods. While Williamsburg and LIC are doubtlessly contributing to the popularity of Brooklyn and Queens, other areas have helped contribute to a 6-year high in home sales. 

NYC Residential Permits On The Rise

Residential permits on the rise in ManhattanAdding to the spate of good news coming from the real estate market in New York City, a new report has revealed that the number of permits issued for new homes in Manhattan has increased by nearly ten times the amount from last year. This should come as good news for apartment hunters in the city--New York City, as a whole, has performed really well--and the report issued by the Real Estate Board of New York has revealed that the number of permits issued have increased in the first five months of 2012, as compared to figures from last year.

Caught on the Rebound: Spike In NYC Apartment Sales Reflects Further Improvement In Manhattan Real Estate Market

The manhattan apartment market is improvingThose who read the New Construction Manhattan blog with any regularity are familiar with the fact that the market for NYC condos is in the midst of what appears to be a pretty spectacular rally after some rough years. Really, anyone who reads about NYC real estate anywhere is probably aware of this -- those years were pretty rough, the rally is pretty impressive, and most everyone who has anything to do with Manhattan apartment sales is happier than they've been in years.