New York City’s rental market remained remarkably strong in October, with rising rents and competitive bidding wars that contradict claims of an impending “exodus.” These rumors intensified in the run-up to the election of the city’s new socialist-leaning mayor Zhoran Mamdani, but market data tells a very different story at the moment. Sales activity also held firm, with third-quarter transactions 4.3% above the decade average.
While rents nationwide saw their fastest drop in 15 years, Manhattan, Brooklyn, and Queens recorded rent growth at twice the rate of inflation. Demand remains intense, highlighting …
by Riccardo Ravasini 
Contract activity is up 5.3% year over year, 13% above the monthly historical average, and an impressive 38.9% higher than last month.
The median sales price for a Manhattan apartment is $1.11M, down 3% from last year.
The supply, or the number of units available on the market, has decreased by 0.5% year over year.
Meanwhile, pending sales (units under contract) have risen by 7.5% annually.
As a result, the Market Pulse stands at 0.45, which falls within the neutral …
by Riccardo Ravasini 
Fort Lauderdale’s former arts hub FAT Village is undergoing a $500 million transformation into a vibrant mixed-use district with housing, offices, shops, and public art. Developed by Hines and Urban Street Development, the 5.6-acre (2,26 ettari) project includes three completed towers — two residential and one office — set to open fully by 2027.
The plan brings 600 apartments, split between luxury and workforce units, along with T3, a 180,000-square-foot (16.720 mq) timber office building promoting sustainability and innovation. Located near the Brightline station, FAT Village aims to blend art, business, and urban life, creating a walkable community that keeps its creative spirit while …
by Riccardo Ravasini 
Barstool Sports founder Dave Portnoy has set a new residential record in the Florida Keys, paying $27.8 million for a waterfront estate in Islamorada.
Located at 76180 Overseas Highway, the 1.7-acre property spans over 10,200 square feet of interior space with eight bedrooms and nine and a half bathrooms. Built in 2023, the compound includes a 7,600-square-foot main residence and a 2,700-square-foot guest house. The home features 150 feet of private water frontage, a dock, boat ramp, beach, and two pools.
The sellers, Tom and Caryl Donatucci, had purchased the land for $2.3 million in 2019. The sale surpasses the previous $23 million record in the Keys.
(source: The Real Deal, picture: …
by Riccardo Ravasini 
As Florida’s condo market continues to grapple with the fallout from post-Surfside safety regulations, Palm Beach has emerged relatively unscathed. New statewide laws requiring milestone inspections and reserve studies have burdened many aging condominiums with costly assessments, averaging $75 to $100 per square foot.
Yet in wealthy Palm Beach, where financial resources are abundant, most buildings have already completed their repairs, turning a potential crisis into an opportunity. Brokers say the island’s older condos are now in better condition and fiscal shape than in years. The median condo price has risen to $2.7 million, with units ranging from $315,000 to $17.9 million. Sellers are increasingly paying off …
by Riccardo Ravasini