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Posts Tagged ‘entry-level’

[Three Cents Worth #280 NY] Smaller Manhattan Apartments Keep Getting More Expensive

April 26, 2015 | 2:02 pm | Charts |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

A lot of time and energy has been spent writing about one of the biggest challenges to the New York City housing market in recent years: affordability. One of the primary observations of the purchase market has been the lower number of first time buyers, both locally and nationally. Tight credit, slow household formation, and a creaky economy have been a root cause of keeping their participation muted, but it’s also the disproportionately higher price growth over the long term for smaller apartments. Here’s my attempt to illustrate this trend, using data from the last 25 years…



3cw4-14-15
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My latest Three Cents Worth column on Curbed: Three Cents Worth: Smaller Manhattan Apartments Keep Getting More Expensive [Curbed]

Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons

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[Three Cents Worth #265 NY] Gap Between Starter, Luxury Markets Grows

May 14, 2014 | 1:48 pm | curbed | Charts |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

I thought I’d bring out another way to measure the market since we’re over-obsessed with “luxury.” The starter market needs more analysis since affordability is now a key topic of conversation across the U.S. right now. For the more than 20 years of releasing market reports, and in all the other markets we analyze, I have always defined “luxury” as the top 10 percent of sales in a given period. For the “starter” market, I inverted the analysis and defined it as the lowest 10 percent of all sales in a given period. I’ve parsed out the past three years of Manhattan apartment sales by quarter and measured the year-over-year change in average sales price for the luxury and starter markets. I selected “average” over “median” to suss out more volatility…

[My post title was originally "For Starters, Luxury Manhattan Is Further Away" but wasn't used - the crack Curbed staff didn't think it was catchy enough.]

3cwNY5-14-14
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My latest Three Cents Worth column on Curbed: Gap Between Starter, Luxury Markets Grows [Curbed]

Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons

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