In 2021, new signed contracts for Manhattan and Brooklyn co-ops, condos, and townhouses outperformed last year, with new listings struggling to keep pace with demand.
As a result bidding wars are increasing, the Covid discount is shrinking, and prices are on the rise in NYC.
In November, for example, new signed contracts for Manhattan co-ops under $500,000 increased by 52.7 percent over November 2020, while new listings for the same price category fell by 15.3 percent, according to the latest edition of the Miller Samuel Report. Manhattan condos priced $500,000 to $999,000 saw new signed contracts increase 21.2 …
by Riccardo Ravasini 
Soho, Dumbo, and Greenwich Village top a list of New York City neighborhoods to watch in 2022, according to a new report from StreetEasy that looked at areas with the biggest surge in interest among buyers, renters, and sellers.
After being hit very hard by the pandemic, Manhattan is now seeing renewed interest as shopping, nightlife, and cultural institutions reopen. There’s lots of housing buzz about Soho in particular, a result of proposals to rezone the area and add more apartments. The neighborhood saw a 48 percent increase in listing searches in 2021 over 2020 …
by Riccardo Ravasini 
Related sees a spike in demand for condos from international buyers, now that borders are open, and is about to launch sales for a 60-story tower called Casa Bella.
The developer has approval for a total of three towers with 1,430 residential units and 1,629 parking spaces at 1400 Biscayne, all connected by a podium. Two of those towers would be around 60 stories, with a third at about 50 stories.
Related says they are now experiencing a surge of international buyers at their nearby Baccarat Residences and District 225 projects.
International buyers now represent …
by Riccardo Ravasini 
Magazine’s best inventions of 2021. MTA’s new Live Subway Map is “relief for straphangers, created in partnership with digital agency Work & Co, the map is a design feat, retaining the iconic, four-decade-old look while bringing it up to the minute with live data,” the Time report states.
The Time honor isn’t the only accolade the new subway map garnered since it was unveiled.
The web-based map — which shows moving trains, gives automatic real-time updates and places tracks atop a geographically-correct street grid — received a Gold Lion award during the Cannes …
by Riccardo Ravasini 
1. Miami Is The Top-Ranked City In the World For Luxury Home Price Increases In The Last Year
A new report from Knight Frank says that luxury home prices in Miami have risen faster than any other major city in the world over the past year. Miami saw luxury home prices surge 26.4% compared to last year and is growing at nearly triple the rate of the worldwide index. In fact, prices for the index as a whole were up 9.5% worldwide.
The gains in Miami appear …
by Riccardo Ravasini
There were 4,395 New Lease signings in Manhattan by the end of October -22.1% compared to Oct. 2020, falling to their lowest level in a year but the activity remained higher than the decade average for October due to post-pandemic recovery and prices rebound.
The Median Rental Price was $3,495, up +12.7% from the previous year, the same fate for the Net Effective Median Rent, which rose annually at the highest rate in a decade, increasing +17.9% year over year to $2,868 and yet a 0.8% below the same period two years ago before the pandemic, suggesting that the COVID discount for …
by Riccardo Ravasini