Housing Notes: When cash is king, Albany wants a cut
We are excited to announce that Jonathan Miller, who has long authored the most authoritative report on the residential real estate market, is partnering with The Real Deal. Below, you’ll find his Housing Notes column, which will now run on our site several times a week. In addition, Miller’s quarte
Brooklyn luxury contracts come back to earth with $80M week
Activity in Brooklyn’s luxury market came back down to earth last week. After notching two straight weeks with contract volumes over $150 million, the borough saw $80 million in volume across 25 contracts last week, according to Compass’ weekly report for contracts signed on homes asking at least $
How pied-à-terre, cash-buyer surcharges will change behavior
Real estate people are scrambling to gauge the effects of the pied-à-terre and cash-buyers taxes. One industry insider looked at my random example of 737 Park Avenue, a prestigious co-op. Unit 19A just hit the market for $18 million. Let’s assume it’s purchased for that amount and becomes a second h
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