New York City
Real Estate News

New Home Sales in U.S. Dive 9 Percent in October

New Home Sales in U.S. Dive 9 Percent in October

According to the U.S. Department of Housing and Urban Development, sales of newly built, single-family homes in the U.S. fell to a seasonally adjusted annual rate of 544,000 units in October 2018, after an upwardly revised September report. Read More »


Selling Rates in Hong Kong's New Residential Projects Sharply Declines in October

Selling Rates in Hong Kong's New Residential Projects Sharply Declines in October

According to JLL's Residential Sales Market Monitor released this week, the first day sell-through rates for newly launched mass residential projects (where over 80 units were launched in the first batch of sales) dropped significantly in October 2018. Read More »

Manhattan Retail Rents Decline in Most Submarkets in Late 2018

Manhattan Retail Rents Decline in Most Submarkets in Late 2018

Manhattan's most popular retail corridors experienced widespread asking rent declines in the fall of 2018. Out of the 17 high-profile corridors, 15 posted year-over-year decreases in ground floor retail average asking rents per square foot Read More »

54 Million Americans Traveling Thanksgiving Holiday, Most Since 2005

54 Million Americans Traveling Thanksgiving Holiday, Most Since 2005

The American Automobile Association is predicting over 54.3 million Americans will journey 50 miles or more away from home this Thanksgiving, a 4.8 percent increase over last year. Read More »


Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated December 13, 2018 8:12 AM ET

New York City Property News

This week Amazon announced their final selection for the location of their second headquarters. In a change to the original plan, Amazon decided to split the location of their new headquarters between two cities choosing New York and Northern Virginia.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending November 9, 2018, U.S. mortgage applications decreased 3.2 percent from one week earlier.

According to CBRE, U.S. retailers will seek to cap a strong year this holiday season by doubling down on strategies to draw online shoppers into stores, reward their loyalty in new ways and ensure that toys are available at every turn.

According to data from CBRE, demand for commercial real estate debt in the U.S. remains strong, supported by an increase in commercial sales transactions in Q3 2018.

According to Freddie Mac's most recent Primary Mortgage Market Survey for November 2018, U.S. mortgage rates dropping slightly after last week's increases.

Strong market conditions helped fuel a 6 percent increase in multifamily lending in 2017, as lenders provided a record high $285 billion in new mortgages for apartment buildings with five or more units.

Demand from technology tenants in New York City remains steady as the sector experienced a more than 12 percent increase in local job growth over the past two years.

According to CBRE's Q3 2018 Manhattan retail market report, New York City retail rents continued to drop during the third quarter, but forecasters are optimistic for the impending holiday shopping season.

According to CBRE's latest Manhattan Office MarketViews Report for the third quarter of 2018, office leasing activity totaled 6.73 million sq. ft. in Q3 2018, 3% behind its five-year quarterly average

According to new Redfin research, signs continue to point toward a changing market that's letting U.S. homebuyers be more selective as supply constraints begin to ease in the hottest markets.

According to the recently released CBRE U.S. Seniors Housing & Care Investor Survey, the appetite for senior housing acquisitions in the U.S. remains strong, with nearly two-thirds of investors planning to increase the size of their portfolios over the next 12 months.

According to the Real Estate Board of New York's recently released Investment Sales Report, in the first half of 2018, New York City's investment sales market showed signs of improvement from a slow second half of 2017.

According to Freddie Mac latest Primary Mortgage Market Survey for the first week of September 2018, U.S. mortgage rates jumped over the past week to a level not seen in over a month.

More than 1.5 million (1,527,433) loans secured by residential property were originated in Q2 2018, down 16 percent from the previous quarter.

According to new U.S. housing market research by Zillow, the combination of rising home prices and interest rates creates a doubly challenging environment for would-be home buyers, making monthly mortgage payments on even modestly priced homes more of a financial burden.

Sales of newly built, single-family homes inched down 1.7 percent in July to a seasonally adjusted annual rate of 627,000 units after an upwardly revised June report. On a year-to-date basis, sales are up 7.2 percent from this time last year.

According to CBRE's latest U.S. Data Center Trends Report, demand from large cloud users has set the U.S. data center market on pace to break 2017's record leasing activity.

New York State's housing price bubble chatter has increased this summer, as market observers attempt to predict the next residential real estate shift.


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