U.S. Housing Market
Developers of Manhattan’s Mixed-Use Freedom Plaza Commit to 1,080 Affordable Housing Units
The five-acre site will stretch from 38th to 41st Streets on First Avenue, just south of the United Nations headquarters complex Continue Reading Developers of Manhattan’s Mixed-Use Freedom Plaza Commit to 1,080 Affordable Housing Units
Hits and Misses for the Real Estate Week of Sept. 15-18
Curious new legislation to encourage affordable housing, Treasury Secretary Bessent’s unlikely sense of humor, and Robert Redford’s impact on Utah real estate. Continue Reading Hits and Misses for the Real Estate Week of Sept. 15-18
Iowa’s Gov. Reynolds to Focus on Property Tax Reform Over Income Tax Elimination
“That is what we hear about all the time,” Reynolds said. Continue Reading Iowa’s Gov. Reynolds to Focus on Property Tax Reform Over Income Tax Elimination
Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Construction is expected to start in the third quarter of this year, with the first phase anticipated to be completed in 2027. Continue Reading Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Hits and Misses for the Real Estate Week of May 19-23
An unholy misuse of eminent domain, a ritzy Los Angeles mansion with a significant stigma, and a Maine broker running for governor. Continue Reading Hits and Misses for the Real Estate Week of May 19-23
With Housing Market Dip, 7 ‘Million-Dollar Cities’ Remain in San Diego County
Source: Times of San Diego --- The U.S. has lost 58 “million-dollar” communities — areas where the typical home is worth $1 million or more — since the housing market peaked last July, a new analysis shows. One of them is in San Diego County, in Bonita, where that...
Is Apartment-phobia Driving America’s Housing Crisis?
Source: Intelligencer --- The United States is very good at sabotaging itself through policy errors. But few of our nation’s governing failures are as simultaneously needless and detrimental as our inability to build housing. There are between 1.5 million and 6...
Houston Housing Market Forecast
Source: US News --- Houston tends to appeal to a wide range of buyers. It's one of the more affordable major cities in Texas, and it's loaded with jobs and amenities. Evan Compean, founder and owner of Compean Group, has been in the Houston real estate business for...
Despite Banking Turmoil and Flight to Safety on Bonds, FOMC Raises FFR by 25bps
In what was deemed a “game-time decision” by Fed Chair Jerome Powell, the FOMC has opted to raise the Federal Funds Rate by .25%, or 25 bps, according to the statement released today. The target FFR is now 4.75-5%, which is now the highest it has been since 2007. The...
Luxury Home Sales in Miami-Dade Surpasses Pre-Pandemic Levels
Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released by the MIAMI...
A New Luxury Apartment Community is Coming to Norwalk, CT
Toll Brothers, Inc. a national builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Harris Realty Company LLC have announced a new joint venture to develop Piper, a six-story, 393-unit multifamily rental community in Norwalk, Conn....
As Housing Market Cools, Homebuyers are Putting Less Money Down on a Home
The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin, the technology-based real estate brokerage. The median down payment was down 35% from the peak it...
Higher input costs, speculation drive housing prices up
Source: VN Express International --- The increasing costs of land, materials, labor, legal procedures, and interest rates, as well as speculation, have all been pushing housing prices up for years, according to experts. In recent market reports, the Ministry of...
Summit County’s housing market continues to see transactions slow down as prices remain high
Source: Summit Daily --- The number of homes sold in Summit County is continuing to decrease each month, a trend that has held since last year. But home prices are remaining record high, according to February real estate data. The findings come as brokers have...
Will The Housing Market Bloom This Spring?
Source: TAP Into Nutley --- What lies in store for the housing market in the Spring of 2023? That's the real question, isn't it? With a dizzying myriad of factors all weighing in the balance, what are we to make of the state of the housing environment, and what will...
