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U.S. Mortgage Bankers Closed Record $530 Billion in Commercial, Multifamily Loans in 2017

U.S. Mortgage Bankers Closed Record $530 Billion in Commercial, Multifamily Loans in 2017

U.S. commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017. Read More »


Record 64 Million Americans Now Live in Multigenerational Households

Record 64 Million Americans Now Live in Multigenerational Households

Over 64 million Americans live in multigenerational households, which is based on a report by the Pew Research Center, Washington, D.C. Read More »

Manhattan Office Leasing Activity Dips in Early 2018

Manhattan Office Leasing Activity Dips in Early 2018

Leasing activity totaled 6.39 million sq. ft. in Q1 2018, 6% below its five-year quarterly average. The availability rate was 11.8%, up 30 basis points (bps) from Q4 2017, and 20 bps from a year ago. Read More »

U.S. Homes Hourly Appreciation Rate Higher Than Hourly Minimum Wage in Half the Country

U.S. Homes Hourly Appreciation Rate Higher Than Hourly Minimum Wage in Half the Country

According to Zillow, U.S. home values have been appreciating more per working hour than local minimum wage pays in about half of the nation's 50 largest cities. 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 April 16, 2018 8:05 AM ET

New York City Property News

According to recent data from the Census Bureau, millennials are increasingly entering the housing market as first-time buyers, as the U.S. housing industry celebrates New Homes Month in April 2018.

According to the Mortgage Bankers Association, the following firms were the top commercial and multifamily mortgage originators in the U.S. during 2017:

The level of commercial and multifamily mortgage debt outstanding in the U.S. at the end of 2017 was $3.18 trillion, $200.3 billion higher than at the end of 2016, or an increase of 6.7 percent.

According to CBRE, while commercial real estate investors generally take a positive view on co-working, maintaining a balance of traditional and co-working space in a building is critical when it comes to creating long-term capital value.

According to the Mortgage Bankers Association's Commercial & Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans were relatively flat in the fourth quarter of 2017.

Median home prices in U.S. zip codes in the highest 20 percent for environmental hazard risk appreciated at a faster pace than the overall U.S housing market over the past year.

According to global real estate advisor CBRE, the impact on U.S. commercial real estate investment activity from the recent rise in the 10-year Treasury will be minimal in the short-term.

According to global property advisor CBRE, the recent rise in inflation and higher interest rates is expected to put upward pressure on U.S. capitalization rates in 2018.

New York City's residential real estate market rounded out a year of healthy home sales activity with a record $50 billion in transactions completed in 2017.

According to global real estate consultant JLL, property investors worldwide continued to demonstrate their confidence in global real estate markets throughout 2017, with investment in the final quarter hitting its highest level in three years.

According to American Institute of Architects, despite labor shortages and rising material costs that continue to impact the construction sector, construction spending for nonresidential buildings in the U.S. is projected to increase 4% this year and continue at that pace of growth through 2019.

U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.

According to global real estate consultant CBRE, the enactment of comprehensive tax reform in the U.S. contributed to strong investor sentiment and a favorable commercial real estate lending environment at the end of 2017.

Improved U.S. office market fundamentals should continue, downtown markets will receive a disproportionate amount of new supply.

The National Association of Home Builders reported this past week their NAHB Remodeling Market Index posted a reading of 60 in the fourth quarter of 2017, up three points from the previous quarter and only the second time since 2001 the reading has reached 60.

According to a Zillow, U.S. homebuyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years ago, 17.8 percent of final sale prices were higher than the asking price.

According to JLL, office space users preferred Midtown's Class A buildings by a wide margin, claiming 24 of the top 26 transactions in the submarket in 2017.

2017 was a year of large deals for Manhattan's office market for securing space larger than 100,000 square feet, including 11 transactions of greater than 250,000 square feet.


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