New York Housing MELTDOWN: NYC Listings EXPLODE, Long Island COLLAPSES

Описание: New York Housing MELTDOWN: NYC Listings EXPLODE, Long Island COLLAPSES

New York City is seeing a two-speed shift: overall city inventory rose more than 9% year over year, with dramatic double‑digit gains in pockets like Brighton Beach (≈49%) and Flushing (≈48%), giving buyers more options and time to decide. In Brooklyn, a constrained high‑end supply persists (inventory above $2M down 12%) even as overall activity improves, with contracts up 1% and sales volume up 9% in Q4, while new development hits a 10‑year low and co-ops gain traction. Long Island remains a stark seller‑deficit market, with about 11,000 buyers chasing just over 7,300 sellers in December and a 33.4% imbalance, pushing values higher and taxes higher as valuations rise. Nationally, the backdrop is calmer: values up about 1.2% in 2026, existing sales near 4.26 million, and mortgage rates likely to stay above 6%. Renters are increasingly choosing to rent by preference rather than price relief, with roughly three in five renters planning to stay renting next year and only 37% ready to buy if rates dropped. Technology and AI are poised to streamline transactions, but cannot create inventory, signaling faster closings and more predictable processes where supply exists. In sum, New York’s market splits citywide toward more balance in some neighborhoods while Long Island remains supply‑short and price‑pressure‑building, set against a national backdrop of steadier but higher borrowing costs.

If you'd like to verify the statements or numbers in this video then check out our sources:
How Two Colby Roommates Started a Real Estate Disruptor: https://news.colby.edu/story/findigs-...
Housing market will warm up in 2026, economists say: Here's why - AZ Big Media: https://azbigmedia.com/real-estate/ho...
Long Island named the strongest seller’s market in the US — and these towns are particularly hot: https://nypost.com/2026/01/23/real-es...
NYC neighborhoods where housing inventory is rising fastest: https://www.timeout.com/newyork/news/...
Brooklyn Real Estate Market Report: 4Q 2025: https://inhabit.corcoran.com/brooklyn...


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