New York City Real Estate News
New York City
Global Super-Prime Home Sales Surge in Mid-2025
Global sales of super-prime homes--properties valued at $10 million and above--continued their upward momentum in the second quarter of 2025, according to international property consultancy Knight Frank.
UBS Flags Miami, Tokyo, Zurich as World's Top Housing Bubble Risk Markets in 2025
Miami tops investment banker UBS's latest Global Real Estate Bubble Index, marking it as the world's riskiest urban housing market. Tokyo and Zurich follow closely, while Los Angeles, Dubai, Amsterdam, and Geneva are also flagged for elevated bubble risk, according to the Swiss bank's annual report.
Commercial, Multifamily Mortgage Debt Climbs to Record $4.88 Trillion in U.S.
Commercial and multifamily mortgage debt outstanding rose by $47.1 billion in the second quarter, reaching a record $4.88 trillion, according to new data released by the Mortgage Bankers Association.
U.S. Home-Flipping Profits Sink to Lowest Level Since 2008 Financial Crisis as Costs Climb
Home flippers in the U.S. are seeing profits evaporate to levels not seen since the financial crisis, as surging acquisition costs squeeze margins even in traditionally hot markets.
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