Market Updates • 6/3/26
By Wonder-st Team
Rates moved higher in May, but so did stock prices. What we saw on the ground was telling: more buyers were out looking, but very few were truly chasing.Read More
Market Updates
Insights and updates on the NYC real estate market.
Market Updates • 4/23/26
By Wonder-st Team
Spring is here, but the long-awaited spring selling season hasn’t quite followed. It feels like NYC sellers have been waiting for momentum to return for nearly four years. Just as it seemed like the market might stabilize, new uncertainty emerged. Between geopolitical tensions, rRead More
Market Updates • 2/6/26
By Wonder-st Team
January 2026 came in softer than expected. Contract activity in the New Construction sector trailed the pace of the past several Januarys, signaling a more cautious start to the year.Read More
Market Updates • 1/9/26
By Wonder-st Team
December closed with lighter transaction volume, lingering uncertainty and a lot of hope from the broker community for a rebound year in 2026.Read More
Market Updates • 1/5/26
Affordability: The Slow Road Back to "Normal"
The post-pandemic housing market has been anything but predictable. We’ve seen frozen migration, volatile mortgage rates, and affordability challenges that reached 40-year highs. But as we step into 2026, the data tells a new story: the U.S. housing market is finally turning a coRead More
Market Updates • 12/11/25
By Wonder-st Team
Hope everyone enjoyed a restorative long weekend filled with great food and even better company!Read More
Market Updates • 12/11/25
By Wonder-st Team
Mortgage rates have dropped by nearly 1% since June, unlocking parts of the NYC real estate market that had been in a holding pattern. The high-end segment has been the most active, while first-time buyers remain relatively quiet. Over the past couple of years, roughly two-thirdsRead More
Market Updates • 12/11/25
By Wonder-st Team
August was quiet—as expected during peak vacation season (and yes, I skipped last month’s letter!). But as soon as September arrived, the market woke up. Our listings are drawing more inquiries, and buyers are coming to us with questions again.Read More
Market Updates • 12/11/25
By Wonder-st Team
Three key themes continued to dominate the market over the past couple of months:Read More
Market Updates • 6/3/25
New Construction Spot Light
It’s so clear to me: if you have the down payment and plan to be in the city for a few years, it makes a lot of sense to buy. That said, while there’s been a slight uptick in activity, NYC still very much remains a buyer’s market.Read More
Market Updates • 5/6/25
In April, concerns about tariffs and a potential recession continued to weigh on buyers’ minds. Mortgage rates have remained relatively steady, hovering between the high 6s and low 7s since last November.Read More
Market Updates • 4/6/25
New Construction Highlight
The recent tariffs sent the stock market into a tailspin over the last two days. But just before that, NYC real estate was quietly holding its ground—and even pushing forward.Read More
Market Updates • 3/13/25
Since Feb 19, S&P 500 is down 10%, a fast and furious downward correction from the growing confidence the markets exhibited after the election last year.Read More