Strong quarter for Manhattan home sales belies current struggle
The first quarter of 2020 was a strong one for residential sales despite the coronavirus pandemic’s drag on fresh...
Residential Real Estate
Residential real estate is any property that is used for the purpose of habitation.
Residential Real Estate Q&A
What qualifies as residential real estate?
Residential real estate can be defined as any property that individuals or families inhabit. In addition to the traditional detached house, some property types include condos, apartments, townhomes, and multifamily units.
What is the residential real estate industry?
The residential real estate industry encompasses the buying, selling, renting, renovating, financing, management, development, and construction of residences. Brokerages, developers, banks, trusts, architects, and builders all work with landlords and individuals to design spaces for occupancy.
Who buys and sells residential real estate?
Traditionally, individual buyers use residential real estate agents to find and purchase residential properties. Residential real estate may also be held by companies that serve as landlords to individual tenants. Residential brokerages often act as go-betweens for buyers and sellers. The Real Deal releases annual rankings of real estate agents and brokerages in New York. Take a look at our Data Book for the most recent rankings.
Want to know more about residential real estate?
Check out our Top Stories below for TRD's most up-to-date coverage of residential real estate.
The Latest
Manhattan resi listings continue nosedive: report
The first full week of New York’s stay-home policy saw a massive drop in new residential listings in Manhattan....
Closing in the time of Covid-19: “We’re pulling out all the stops”
Closing in the time of coronavirus is onerous but not impossible. Developers are agreeing to a variety of contingencies,...
Kuwait’s consul general buys 50 UN Plaza pad for $16M
UPDATED April 1, 2020: Kuwait is joining the club of nations whose New York-based diplomats enjoy a short commute...
Fewer Canadians are searching for homes online amid pandemic
Canadians are not only done with open houses, it seems many aren’t even looking for new homes anymore. There...
Massive stimulus package has limited upside for real estate
U.S. markets started Wednesday with a burst of optimism, as a $2 trillion stimulus deal had been reached between...
As New York shut down, so did its resi market
UPDATED, March 31, 2020, 2:22 p.m: Nearly 450 homes were pulled off the market, new listings plummeted and contract...
Decision by StreetEasy, REBNY to stop market clock triggers debate
For years, the “days on market” clock has been part of the yin and yang of New York real...
One of NYC’s priciest listings to appear on the market last week is already in contract
UPDATE Monday, March 23, 2020, 6:58 p.m.: As the coronavirus pandemic worsens, there’s still a handful of properties new...
Daughter of Goldman exec nabs Fifth Avenue co-op for $25M
The daughter of Goldman Sachs’ head of merchant banking paid $25.3 million for a full-floor Fifth Avenue co-op. Jacqueline...
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