Journalist + Content Writer
The Manhattan real estate market is currently in better shape now than it was during the peak of the Great Recession, according to a recent analysis by real estate market data firm UrbanDigs, though it remains to be seen how far it has to fall.
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It’s no secret that the real estate market has a long road of recovery ahead. As the day-to-day work of showing properties and building homes has slowed to a crawl, agents and others in the industry have started to look to the future and make predictions about the lingering effects the COVID-19 pandemic will have on the industry.
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The New York City real estate market is expected to take a hit as the result of ambitious legislation designed to push back against climate change, which includes requiring the owners of residential and commercial buildings to cut energy usage and carbon emissions or face significant fines.
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The historic area near the Atlantic Ocean and the bay is seen as one of Long Island’s best buys when it comes to housing, especially for those who want to live on the water.
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With the Manhattan real estate market cooling off — the median sale price recently fell below $1 million for the first time in three years — luxury developers are turning to the outer boroughs, creating towers and boutique buildings with big-name architects and the kind of outsized amenities usually found in Soho or Tribeca.
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The sun has just started to rise behind the thick clouds blanketing upper Manhattan on a recent morning as Dr. Joshua Bederson begins his day at Mount Sinai.
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For decades, Sunset Park was just a stop on the N train. But Industry City, a complex of converted 1890s warehouses containing art galleries, artisanal food purveyors, a branch of Design Within Reach, a training facility for the Brooklyn Nets, and Time Inc.’s creative lab and content studio, the Foundry, has made it a destination for homeowners priced out of neighborhoods such as Fort Greene and Clinton Hill.
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Decades ago, middle-class families who lived in Southampton year-round rented out their large homes in the village and decamped to rustic summer cottages on the bay in Noyac and North Sea—a phenomenon that the Southampton Historical Museum documented in a 2012 exhibit. For some East Enders, the times haven’t changed.
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The lines are blurry when it comes to intellectual property infringement in the craft world. For all the companies filing takedown orders with Etsy, there are others that seem to encourage makers’ fan-inspired products, or at least decide to not butt heads with passionate fans.
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The average American home has ballooned over the years, growing in the Northeast from an average of around 1,600 square feet in 1973 to more than 2,600 square feet in 2010, according to the U.S. Census Bureau. But these days, small houses are in the spotlight.
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