Which U.S. housing market is the most expensive? It seems like the question should have a single, straightforward answer. But with varying definitions of what constitutes a housing market and with different ways of measuring home value, the question...
After the last post, which looked at housing values across New York City, I thought it would be interesting to take a more granular look at housing values across the U.S. To create the map below, I took the total residential property value for every...
Property values across the U.S. The graphic below shows how the 50 states compare in terms of total property value. The map on the right is a cartogram – the land area of each state has been substituted for its total property value. Hover...
Last month, I provided the data for a New York Post article, How NYC Does Not Tax the Super Rich, which describes how NYC’s most expensive apartment, a penthouse that recently sold for $100M, has an annual property tax bill of only $17k....
The most complicated real estate tax system in the country is about to get even more confusing. On Thursday, Mayor De Blasio announced his proposal for a “mansion tax.” The tax would be levied on buyers of condos, coops, or houses that sell for $1,750,000 or...
If you are like me, your idea of what it costs to rent in NYC is far from the reality. Nearly every apartment you will find online or see through a real estate agent is part of New York’s non-regulated rental stock, which...