New York City Real Estate News
New York City
Foreign Investment in U.S. Residential Properties Plummet 21 Percent Over Last 12 Months
According to a new report from the National Association of Realtors, foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024
Office Tenants' Flight to Quality Buildings Increases in 2024
Based on recent analysis of office markets in 57 U.S. cities by CBRE, a top-tier echelon of office buildings that is thriving while much of the sector struggles to adapt from high interest rates, inflation and reduced demand due to hybrid work.
America's Home Affordability Issues Worsen in Mid 2024
According to ATTOM's newly released second-quarter 2024 U.S. Home Affordability Report, the median-priced single-family homes and condos remained less affordable compared to historical averages in 99 percent of counties.
Typical U.S. Home Selling Less Than List Price in June
National property broker Redfin is reporting that the typical U.S. home that sold during the four weeks ending June 23, 2024, sold for 0.3% less than its asking price.
New York City Property News
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