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New York Real Estate News
Foreclosures up staggering 42% in just one year— with Joe Biden’s home state hit the worst
Foreclosure activity across the US is climbing sharply with the number of lenders taking back homes ticking up a whopping 42% in April compared to the same period last year. There were 5,098 completed foreclosures, according to newly released data from property...
Manhattan rents soar to highest ever level — with $5K+ median, and raging bidding wars
Manhattan renters are getting walloped. The borough’s median monthly rent hit $5,099 in April 2026, a new all-time record, according to Corcoran’s April 2026 Rental Market Report. That figure is up 6% from a year ago and marks the first time the median has...
Park Slope lefties furious as multimillionaire bankers move in and brownstones hit record $16M highs
Park Slope can say goodbye to its hippy family-friendly vibes. The neighborhood, which is at the forefront of gentrified trendiness, is now home to bankers and other high earners who can afford to pay jaw-dropping prices. Roughly one in seven Park Slope family...
Island fortress where Sir Francis Drake famously set sail around the world is for sale
A historic 6-acre island in South West England where Elizabethan explorer Sir Francis Drake set sail to circumnavigate the globe is up for sale — again. Current owner, property developer Morgan Phillips, acquired the island off the coast of Plymouth, Devon,...
Miami building sees more than $70M in sales from NYC buyers in last month — as people flee Mamdani’s pied-à-terre tax
The ink isn’t even dry on New York City’s proposed pied-à-terre tax — and one Miami Beach tower is already counting the money. At the Perigon Miami Beach, a 72-unit oceanfront condominium in Mid-Beach designed by Pritzker Prize-winning architect Rem Koolhaas’s...
It takes 20 years for New Yorkers to save for a 20% down payment as affordability issues persist
Buying a home in New York City will cost the average resident the better part of their adult life — in savings time, at least. According to StreetEasy’s April 2026 market report, a New Yorker earning the city’s median income would need close to 20 years of...
‘Property Brothers’ star using new disaster-proof tech to rebuild the home his in-laws lost in the LA wildfires
“Property Brothers” star Jonathan Scott is hard at work on his next passion project — and it’s one that hits very close to home. He’s doing a ground-up rebuild of his fiancée Zooey Deschanel‘s childhood home, which burned to the ground in 2025 during the...
Vacant Florida lot lists for $99M in a balmy playground for billionaires
It’s a lot for a lot. A pricey piece of dirt listed Thursday for $99 million in Manalapan, a ritzy enclave for billionaires like Larry Ellison in South Florida. As an added bonus, Ellison lives next door. This vacant lot is asking $99 million. Ryan Walblay of...
The property hot spot that’s become the nation’s slowest home sales market in major fall from favor
Homes in Austin are lingering on the market for the same number of days it took China to complete the world’s widest underwater roadway: 110. Austin — Texas’ capital city, which became a popular destination during the pandemic years — took the top spot in a...
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