Luxury homebuying in New York City has cooled off despite the hot temps, but experts say it won't last for long.

Luxury homebuying in New York City has cooled off despite the hot temps, but experts say it won't last for long.

Beyond the highest end, however, home prices and sales in the affluent enclave were largely unchanged from last year ...

Yet the housing crisis has hit a new level, even by New York City standards. The city’s vacancy rates recently dropped to a record 1.4%, the lowest since 1968.

NYC Democratic mayoral candidate Zohran Mamdani faces backlash for past comments calling to seize luxury condos for homeless housing and advocating for the de-commodification of housing.

New York ranked second among global luxury markets, Palm Beach third, and Miami fourth. Dubai clinched first place, with 111 sales and $1.9 billion in dollar volume.

Montinique Monroe for The New York Times Even Austin is stuck, despite starting construction on 102,000 single-family homes between 2020 and 2024, according to Zonda, a data provider.