Manhattan co-op sales prices saw 11% drop in Q2
Manhattan co-op prices plummeted in the second quarter. The median sales price for co-ops fell to $750,000 from April...
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 vacancy hits new peak; Brooklyn stable
As leasing activity resumed in the city and inventories swelled, the vacancy rate in Manhattan’s rental market hit an...
Brooklyn’s luxury deal totals rise for 3rd straight week
Close to $55 million worth of luxury homes went into contract in Brooklyn during the first week of August....
TRD Insights: Gentrification happening fastest in least affordable cities
Want to identify the chief culprit behind gentrification in your neighborhood? Look no further than your city’s housing supply...
School’s back on. Will the NYC resi market follow suit?
As the city shut down this spring, New York’s wealthiest neighborhoods saw an exodus of residents, many of whom...
Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
In Manhattan, the drops were stunning. July contracts for co-ops priced between $4 million and $5 million were down 94 percent from the same...
Home sale prices got a bump, but a drop is coming: Report
Home sale prices nationwide rose in June, though experts predict price growth will falter in July when the numbers...
The Getty condo chops prices up to 53%
The developers of the Getty condominium are slashing prices in an effort to sell out the remaining third of the building. The cuts on four unsold residential units, which come just two years after...
Brooklyn’s luxury market reaches new pandemic high
For the second week in a row, Brooklyn’s luxury market saw sales volume climb to record levels during the...
Jennifer Lawrence’s Upper East Side PH sold at 37% loss
Oscar winner Jennifer Lawrence sold her 4,070-square-foot Upper East Side penthouse at a hefty loss. The actress sold the...
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