Our Take on the 2025 NYC Real Estate Forecast

Brick Underground’s January 2nd outlook breaks down where sales, mortgages, and rents could head in 2025—and the new broker-fee law everyone’s watching. The quick hits: rates hover in the 6 % range, sellers keep leverage thanks to lean inventory, and renters anxiously eye June’s FARE Act rollout.

“A few landlords we work with already bumped rents about 8 % to cover the fee—and they’re paying it.”
“Renters don’t care that the law starts in June. They expect savings now.” — Rachel Fiegler, Pinpointe Group

Why That Matters

Our quote spotlights the immediate knock-on effect we’re seeing: owners pre-pricing the FARE Act into leases months ahead of the effective date. Translation: renters still feel the sting, just packaged differently.

Pinpointe’s POV

We’re all for shifting fees off tenants, but if landlords quietly bake 8 % hikes into “no-fee” listings, renters save zilch. Until supply loosens—new construction or more owners listing—expect rent pressure to linger even if rates ease.

For more unfiltered insights (and the receipts that back us up), swing by our Press page to see where we’ve been quoted lately.