South Florida’s housing market is sending mixed signals in 2025. On one side, luxury homes and high-end condos continue to set records, with properties selling for over $100 million. On the other, older condos—especially those built in the 1980s—are stagnating. Many buyers are wary of outdated buildings facing costly repairs and stricter reserve requirements imposed after the 2021 Surfside collapse.
Today, 87% of the 25,051 condos for sale in the tri-county area are over 30 years old. Prices are being slashed, yet demand for this segment remains weak. Meanwhile, new …
by Riccardo Ravasini 
After years of decline, international buyers are once again shaping New York City’s real estate market in 2025. In the first half of the year, there’s been roughly one foreign buyer for every two foreign sellers—the best ratio since 2020. Last year, that number was far worse, with over three sellers for every buyer.
Sales to foreign buyers have doubled in volume compared to 2024, with most interest coming from Asia. Buyers are focusing on new developments in Brooklyn and Queens, attracted by luxury amenities and the …
by Riccardo Ravasini 
New York City’s hotel sector is having a standout 2025, outperforming the national market despite recent challenges. In the first half of the year, NYC hotels reached an average weekly occupancy rate of 82%, beating the national average by 20 percentage points. Revenue per available room hit $238.93 per night, more than double the U.S. average.
The city welcomed 64 million visitors last year and expects similar numbers in 2025, driven mainly by domestic tourism. Business travel, which makes up about 20% of hotel bookings, …
by Riccardo Ravasini 
Contract activity, or the number of signed contracts, is up 3.1% year over year, but remains 7.8% below the monthly historical average, showing that the market is still performing below typical seasonal levels.The median sales price for a Manhattan apartment is $1.23M, reflecting a 1.2% increase compared to a year ago. The supply, or the number of units available on the market, has decreased by 2.2% annually.Meanwhile, pending sales—units under contract—have risen by 18.7% year over year. As a result, the Market Pulse, which represents the pending-to-active ratio, stands at 0.51, indicating a balanced market.
Currently, …
by Riccardo Ravasini 
While much of the U.S. real estate market is slowing down due to high interest rates and economic uncertainty, Manhattan is experiencing a surge in sales. In the second quarter of 2025, residential transactions reached their highest level in the past two years, marking a 16.6% increase compared to the same period in 2024.
Cash deals accounted for a record 69% of all transactions, reflecting the growing presence of affluent buyers who are less affected by mortgage rates and driven by wealth transfers, …
by Riccardo Ravasini