Sep. 10, 2024 By Ethan Marshall While the annual income needed to afford to purchase a home in New York City was still significantly higher than the national average in August 2024, there was a large decrease year-over-year, thanks in large part to mortgage rates declining, according to a report by the real estate…
Sep. 6, 2024 By Ethan Marshall The average rental price for housing units across Queens went up 4.07% year-over-year in August 2024, according to a report by the real estate firm M.N.S. Real Estate. Queens had its overall rental price jump from $2,812 in August 2023 to $2,926 in August 2024. Studios, one-bedroom, and…
Aug. 27, 2024 By Shane O’Brien Queens Borough President Donovan Richards has announced his conditional support for Mayor Eric Adams’ City of Yes housing plan, which would update the city’s zoning laws and make it easier to build affordable housing units and convert office buildings to housing. The city estimates that the proposal could…
Aug. 21, 2024 By Ethan Marshall The New York City metropolitan area is on track to lead the United States in new apartments constructed among major cities in 2024, according to a report by the real estate firm RentCafe. With 32,935 new rentals expected to be completed by the end of the year, the…
Aug. 20, 2024 By Ethan Marshall New York City saw the number of new listings in July 2024 reach its lowest level since 2016, with Queens experiencing a deep decline in new listings over this period, according to a report by the real estate listing site StreetEasy. Year-over-year, the number of new listings in…
Aug. 14, 2024 By Ethan Marshall The average rental price for all units in Queens rose 6.76% year-over-year in July 2024, according to a report by the real estate firm M.N.S. Real Estate. This jump continues an upward trend seen in the previous month. The overall average rental price in Queens jumped from $2,734…
Aug. 12, 2024 By Athena Dawson Dozens of residents testified in person and on Zoom for a City of Yes for Housing hearing chaired by Queens Borough President Donovan Richards on Thursday, Aug. 8. Residents headed to the second floor of Queens Borough Hall in Kew Gardens to voice their varying opinions on the …
Aug. 7, 2024 By Ethan Marshall Out of the 100 largest cities in the United States, Queens ranked 95th when it came to the average size of an apartment for $1,500 a month, according to a report by the real estate site RentCafe. The study’s results concluded that apartments in Queens with a $1,500…
Aug. 1, 2024 By Ethan Marshall The median sales price for new developments across Queens fell from the second quarter of 2023 to the second quarter of 2024, according to a report by the New York City real estate firm M.N.S. Real Estate. Year-over-year, the median sales price for these developments in Queens dropped…
Jul. 24, 2024 By Ethan Marshall Queens had the fifth-highest amount of rental activity across the United States through the first half of 2024, according to a report by the real estate searching site RentCafe. Year-over-year, Queens had a 138% increase in page views on RentCafe from the first half of 2023 to 2024.…