Erik Heitz Real Estate Salesperson

02/19/2026

Bring 'em on down! "Mortgage rates fell to their lowest averages since September 2022, with the 30-year fixed at 6.01% and the 15-year at 5.35%."

Key takeawaysMortgage rates fell to their lowest averages since September 2022, with the 30-year fixed at 6.01% and the 15-year at 5.35%.Lower rates

12/04/2025

We may not ever see COVID interest rates in the 2-3% again, but dropping rates is good for some of my buyers waiting in the wings. Get those deals sooner than later because prices may go up again as rates come down/ higher competition with more buyers in the field and ready.

Mortgage rates are back near 2025 lows — falling for the second week in a row.The 30-year, fixed-rate mortgage average dropped to 6.19% in the week

10/23/2025

NYC saw 1,721 homes enter contract in September, the most for the month since 2021, amid declining mortgage rates.

Homes entering contract spent nine fewer days on the market than a year ago and one in five homes sold above asking.

The median asking rent in NYC fell 1.4% month-over-month to $3,995 in September, broadly in line with historical seasonality.

08/02/2025

As we enter August, the residential market is experiencing seasonally expected softness. Inventory continues to decline across Manhattan and Brooklyn, and buyer urgency is easing further. Pending sales have now fallen for over a month in both boroughs, while fewer new listings suggest many sellers are holding back until post–Labor Day.

Elegran Real Estate

06/28/2025

As we head into the July 4th holiday, the New York City real estate market is settling into its typical early-summer slowdown. Manhattan inventory dropped for the fourth straight week, now down to 7,162 active listings—a 1.3% dip. Only 262 new homes hit the market last week, a 14% decline from the week prior. While this dip is seasonal and expected, it also means slightly less competition for sellers and fewer fresh choices for buyers.

Elegran Real Estate

06/26/2025

The FARE ACT-- what is it?! What does it mean?

https://www.rebny.com/articles/what-you-need-to-know-about-the-fare-act/?utm_source=sfmc&utm_medium=email&utm_campaign=FARE+Act+Form+and+FAQ&utm_term=Frequently+Asked+Questions+(FAQ)+sheet&utm_id=1822266&sfmc_id=628098648