Why is property value going up? As population growth slows, new development does too. This creates a lack of housing available for the people seeking to move to a new city. This natural slowing in industrial countries along with millions of foreclosed homes, increased urban living, and a glut of college graduates who aren’t seeking … Continue reading What Rising Property Value Means For New Renters And Homeowners

The median rental price in New York City’s most expensive borough dropped 2.8% to $3,300 in March from the same time a year ago. This is the first annual decline in 24 months, according to the latest report by real estate appraisal firm Miller Samuel for Douglas Elliman Real Estate.