New York City Real Estate News
New York City
High U.S. Housing Costs Drove Record Relocations in 2022
National property broker Redfin is reporting that a record one-quarter (24.6%) of Redfin.com users looked to move to a different metro area in the fourth quarter of 2022. That's up from 22.1% a year earlier and around 18% before the pandemic.
New Home Starts Uptick in December as Multifamily Production Weakens in U.S.
According to a new report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, single-family housing starts posted a double-digit percentage gain in December 2022.
U.S. Home Sales Continued to Dip in December
According to the National Association of Realtors, existing-home sales retreated for the eleventh consecutive month in December 2022. Three of the four major U.S. regions recorded month-over-month drops, while sales in the West were unchanged. All regions experienced year-over-year declines.
U.S. Tech Industry Office Leasing Pace Slowed in 2022 to Lowest Share in 5 Years
According to CBRE's annual Tech-30 report, the tech industry's share of U.S. office-leasing activity slipped in the first half of 2022 to its lowest share in five years.
New York City Property News
Record Number of U.S. Home Sellers Gave Concessions to Buyers in Late 2022
Posted on January 17, 2023
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