Category: News + Insight
-
The Role of AI in NYC Real Estate: Where It Helps and Where It Falls Short
What a $50 Million Penthouse Deal Revealed About AI Artificial intelligence has quickly become part of the real estate process. Buyers use it to research neighborhoods, compare properties, estimate values, and better understand financing options. Sellers use it to gather pricing insights, analyze market trends, and prepare their homes for sale. Used properly, AI can…
-
Why Pricing Right from Day One Is Critical in Today’s Market
Home sellers know their first few weeks on the market are more important than ever when it comes to getting the best price for your home. According to a recent Realtor.com report, the first four weeks after a home is listed are often the deciding factor in whether it sells near the asking price or requires a price reduction. Realtor.com also found that…
-
How to Build Long-Term Wealth Through Commercial Real Estate
Most investors never look past residential real estate. That might be the most expensive mistake they make. In episode 408 of The Build Up, Candace and Melissa sit down with Kathy Kuo, a commercial real estate broker, investor, and entrepreneur based in Las Vegas. Kathy has spent over a decade closing deals across every major…
-
Adapting to the New Mortgage Rate Reality
For the past several months, many potential homebuyers have been waiting for mortgage rates to dip back below 6% before going forward with their purchase. But realtor.com is warning buyers may need to adjust their expectations and focus on purchasing when it makes financial sense for them, rather than trying to time the mortgage market.…
-
Spring in Review: Balanced on Paper. Selective in Practice.
The spring market, traditionally New York City’s busiest real estate season, arrived with no shortage of uncertainty. Mortgage rates climbed after briefly dipping below 6% at the end of February. Inflation concerns resurfaced. Geopolitical tensions dominated headlines. Questions about the broader economy persisted. At the same time, the stock market repeatedly set record highs in…
-
The Pied-à-Terre Tax Is Coming: What NYC Owners Should Know
Now That the Pied-à-Terre Tax Has Passed, What Comes Next? Earlier this year, we discussed the proposed pied-à-terre tax and what it could mean for New York City real estate. With the legislation now approved and scheduled to take effect on July 1, 2026, the conversation is shifting from speculation to implementation. While the tax has…
-
The Line: May Job Growth Much Higher than Expected
This week, we have the latest on the labor market, which has taken off like a rocket in the past three months. May Job Growth Much Higher than Expected Payrolls rose by 172,000 last month, easily beating the consensus estimate of 80,000. Here are the other headlines from the Labor Department’s report: So, this is…
-
How Housing Affordability Is Reshaping Family Dynamics
Rising home prices and elevated mortgage rates are changing not only how Americans buy homes, but also how families manage wealth across generations. Two recent Realtor.com articles highlight both the benefits and growing tensions surrounding multigenerational wealth and housing. Younger generations are becoming increasingly dependent on family wealth and inheritance to secure a financial future.…
-
BHS Partner Spotlight: Inside the Industry with Marc Lawrence
As our newest brand partner, Marc Lawrence brings decades of industry expertise and a reputation for professionalism, integrity, and innovation to BHS. As a leader at Worldwide Land Transfer, Marc has built a career around helping real estate professionals navigate complex transactions with confidence and efficiency. Well-known throughout the industry, he has become a trusted…
-
BHS Agents and Teams Recognized Among Nation’s Best by RealTrends
Congratulations to all of our Brown Harris Stevens agents and teams recognized in the 2026 RealTrends rankings. Each year, RealTrends honors the top 1.5% of real estate agents and teams nationwide. This year, 318 Brown Harris Stevens agents and team members were represented in the rankings, accounting for nearly 14% of our agents and marking…