Brick Underground

A new report from UrbanDigs, a Manhattan real estate analytics platform, looks at the impact of the coronavirus on new listings on the Manhattan market, new contracts signed, and listings taken off the market as of last week.

According to a report from roommate-matching site SpareRoom, there was a significant drop off in New Yorkers looking to move. Searches dropped by 30 percent on March 16th and 17th compared to March 9th and 10th.

New York City’s rental market followed a similar trajectory in February as previous months—with higher rents and declining concessions—but there were a few surprises.

New York Attorney General Letitia James asked for more time to respond to a lawsuit filed over the landlord broker fee ban by the real estate industry last month.

Buyer agent commission rebates in NYC are contributing to falling commission rates for sellers and lower closing costs for buyers.

If you are buying an apartment in New York City, you should know that when you live in a co-op, you pay maintenance fees, and when you live in a condo, you pay common charges. These fees are structured differently, depending on which type of apartment you own, reflecting the different types of ownership.