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Brick's 2023 real estate predictions, the return of foreign buyers, & more

By Jennifer White Karp | January 6, 2023 - 1:30PM

If you’re planning on renting, buying, or selling in NYC in the coming year, you’ll want to check out our real estate predictions.

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This week readers turned to Brick Underground for our annual real estate forecast to make sense of the year ahead: What will happen with mortgage rates? Will buyers return to the market? Will bidding wars for rentals be back? If you’re planning on renting, buying, or selling, you’ll want to check out our predictions for New York City this year.

Also of interest: Foreign buyers have returned to NYC. Brokers tell Brick that they’re getting lots of calls from international investors about listings in NYC. It’s a wake-up call for homegrown buyers because it means more competition.

Here are this week's top five posts:

1) 2023 NYC real estate forecast: Buyers make a move, sellers return, renters get some breathing room

2) The insider's guide to rent-stabilized apartments: Essential knowledge for New York renters

3) To combat illegal short-term rentals, NYC tries a new registration system for hosts. Here's how it works

4) 8 ways to negotiate your rent when renewing your lease

5) They're back: NYC buyers can expect more competition from foreign investors in 2023

Jennifer White Karp

Managing Editor

Jennifer White Karp steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in NYC real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC. She holds a B.A. from Wesleyan University and an MFA in nonfiction writing from the New School.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.
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