<p>Larry & Klara Silverstein Chair in Real Estate Development & Investment and Associate Dean of the <a href="https://www.sps.nyu.edu/about/academic-divisions-and-departments/schack-institute-of-real-estate.html">Schack Institute of Real Estate</a> Marc Norman was interviewed for a recent <i>New York Times</i> piece entitled, "Canceled Home Purchases Rise, Reflecting Buyers' Increased Power." The piece explores whether recent canceled home purchases indicate a larger shift to a buyer’s market.</p>
<p><b><a href="https://www.nytimes.com/2026/02/05/realestate/canceled-home-purchases-buyers-market.html">READ FULL ARTICLE</a></b></p>
In that interim period after you sign the contract, when you have to start getting an insurance bid, figure out the utilities and calculate the property taxes, that can be a shock...[y]ou get that kind of bid and you’re like, wait a second, that just increased my escrow or mortgage payment by 10 or 15 percent."