Dissecting Brooklyn’s Townhome Craze
Brooklyn’s townhome market is red hot. If you are looking to purchase, be prepared. Inventory has dropped 42% over the past year as buyers scooped up properties, driven by lifestyle changes brought on by the pandemic-induced shutdowns. Supply is nearing record lows, with just 4.8 months of supply borough-wide, indicating a market that now favors …
Nearly Half of Billionaires’ Row Remains Unsold
Billionaires’ Row is the collection of ultra-luxury residential skyscrapers that line the southern end of Central Park. Construction on the first residential tower, One57, began in 2009. Shortly thereafter, six additional skyscrapers were built. Today, developments that are included in Billionaires’ Row are 157 West 57th Street, 432 Park Avenue, 111 West 57th Street, 53 West 53rd Street, …
The end of Zillow Offers: a sign of things to come?
Let’s talk about Zillow. The headlines are everywhere: Zillow Offers is dead, and 25% of their workforce will be cut. So, what went so terribly wrong despite a strong housing market? As we dive in, let’s first establish what Zillow Offers was to begin with, and how its goal to reshape the industry collapsed. The concept …
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