New York City Real Estate News
New York City
U.S. Home Sales Continue Slump in April Despite Growing Inventory
According to new data released by the National Association of Realtors, existing-home sales dipped again in April 2025, reflecting ongoing challenges in the U.S. housing market despite growing inventory and continued buyer interest.
Record 45.1 Million Americans to Travel Over 2025 Memorial Day Weekend
Americans are gearing up for a record-breaking Memorial Day weekend, with AAA forecasting that 45.1 million people will travel at least 50 miles from home between Thursday, May 22 and Monday, May 26. The figure marks a 1.4 million increase from last year and breaks the previous travel record of 44 million, set in 2005.
Spring Home Sales Sputter in U.S. as High Costs Weigh on Buyers
Sales of existing U.S. homes dropped to a seasonally adjusted annual rate of 4.2 million in April 2025, hitting their lowest level since October 2024, according to new data released by Redfin. The figure marks a 0.2% decline from March 2025, and a 1.1% drop year-over-year--breaking a seven-month streak of annual gains.
U.S. Cities Where Renters Need $100K Salary to Live Doubles Since 2020
A new report by Zillow paints a stark picture of America's rental affordability crisis, revealing that renters in eight major U.S. cities now need to earn six-figure salaries just to comfortably afford housing - double the number of cities from five years ago.
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