AgentMarkets & Economy

The New York Times releases neighborhood pricing guide for NYC buyers

NY Times Director of Real Estate Products discusses new platform
  • The New York Times is offering guides that spread across all five boroughs, with data trends for five-year, one-year or three-month spans.
  • Another module, named ‘What will I get for my dollar?’ provides a neighborhood-based home search tailored by the low, median and high-tier markets.
  • The New York Times created these resources using data from its listings database and New York City public records.
  • Matthew Shadbolt, director of real estate products for The New York Times, spoke with Inman exclusively on the launch of the pricing guide.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

In order to better serve the demands of New York City real estate consumers, The New York Times is releasing fresh pricing tools for users on their Find a Home platform. These tools are aimed at assisting buyers in their searches as they navigate the NYC real estate market. What makes the NY Times Find a Home developments noteworthy? To start, buyers can now understand how far their dollar can stretch – a somewhat foreign concept in pricey markets like Manhattan and Brooklyn. Nonetheless, the new platform clearly displays where else buyers could be looking based on budget with the latest Explore Neighborhood pricing widget. This option shows price ranges in neighborhoods within consumers’ interests and then takes one step further by recommending homes buyers might not have otherwise considered. For agents suggesting their buyers expand searches outside of their fixed scope, the tool might provide that extra push, with a visually appealing interface and valuable data to bo...