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World's Most Expensive Office Markets of 2017 Revealed

World's Most Expensive Office Markets of 2017 Revealed

According to CBRE Research's latest annual Global Prime Office Occupancy Costs report, Hong Kong (Central) and London's West End topped the list of prime office occupancy costs again. Read More »


New Home Mortgage Applications in U.S. Up 15 Percent Annually

New Home Mortgage Applications in U.S. Up 15 Percent Annually

Mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month. Read More »

Commercial, Multifamily Mortgage Debt in U.S. Tops $3 Trillion

Commercial, Multifamily Mortgage Debt in U.S. Tops $3 Trillion

According to the Mortgage Bankers Association, the total commercial/multifamily debt outstanding in the U.S. rose to $3.01 trillion at the end of the first quarter of 2017, the first time it has broken the $3 trillion mark. Read More »

U.S. Commercial, Multifamily Mortgage Delinquencies Remain Low in 2017

U.S. Commercial, Multifamily Mortgage Delinquencies Remain Low in 2017

According to the Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans in the U.S. were flat or decreased in the first quarter of 2017. Read More »


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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 June 20, 2017 9:08 AM ET

New York City Property News

According to a new Walk Score report by Redfin, the Top 10 most walkable U.S. cities with a population over 300,000 were revealed this week. New York, San Francisco and Boston remain the top three most walkable cities in the nation, while Miami leapfrogged Philadelphia.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average mortgage rates hitting their lowest mark of the year in Mid-May 2017. 30-year mortgage rate fell 7 basis points this week.

Changing demographics brought forth by immigration and growing interest from foreigners are positioned to bolster home sales activity and prices.

Renters are starting to look for cheaper housing options outside downtown cores, prompting rent payments to rise faster in the suburbs than in urban areas.

According to Zillow, first-time homebuyers in the U.S. will have better luck in the Southeast if they are looking for a more affordable home.

U.S. property foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 77,049 U.S. properties in April 2017

High investor confidence, attractive equity markets and positive economic indicators have contributed to favorable commercial real estate lending market conditions in the U.S. during Q1 2017.

Office tenants are expanding their Manhattan footprint in Q1 2017. Of the 123 deals greater than 10,000 SF recorded by CBRE for Q1 2017, 72% involved an expansion component.

According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average U.S. mortgage rate rose for the first time in five weeks in late April 2017.

Developers completed more retail centers across the globe last year than in 2015, but momentum appeared to wane in many countries.

Global real estate consultant CBRE's new released Manhattan Retail MarketView for Q-1 is now reporting that New York City retail sector fundamentals and demand drivers remain strong, yet still face market headwinds in early 2017.

U.S. homebuilder confidence dipped three points in April 2017 to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index,

Independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

According to JLL, lower Manhattan recorded more than 2.3 million square feet in leasing transactions in the first quarter of 2017.

Mortgage applications for new home purchases increased 6.7 percent compared to March 2016. Compared to February 2017, applications increased by 23 percent relative to the previous month.

According to ATTOM Data Solutions' Q1 and March 2017 U.S. Foreclosure Market Report, which shows first quarter foreclosure activity was below pre-recession levels nationwide and in 102 out of 216 metropolitan statistical areas (47 percent) analyzed in the report.

According to Freddie Mac, more U.S. home renters are optimistic about their financial situations and expect to stay where they are even if their rents increased.

According to the Mortgage Bankers Association's 2016 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation, U.S. commercial and multifamily mortgage bankers closed $490.6 billion of loans in 2016.


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