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 Blockchain, ICOs, Big Data, SBS and AI; The Coming Future of Real Estate

Blockchain, ICOs, Big Data, SBS and AI; The Coming Future of Real Estate

Michael Gerrity has been at the forefront of real estate for more than 30 years. First, the Orlando native had a stellar real estate brokerage career, selling and leasing nearly $300 million worth of commercial office transactions. Read More »


346 New $1 Million Neighborhoods Formed in U.S. Since 2014

346 New $1 Million Neighborhoods Formed in U.S. Since 2014

According to Zillow, nearly one in 20 residential ZIP codes in the U.S. meets the definition of a $1 Million Neighborhood, meaning at least 10 percent of the homes there are worth seven figures or more. Read More »

Single Family Housing Starts in U.S. Dip 5 Percent in July

Single Family Housing Starts in U.S. Dip 5 Percent in July

According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts fell 4.8 percent in July to a seasonally adjusted annual rate of 1.16 million units. Read More »

Manhattan Office Market Rebounding in 2017

Manhattan Office Market Rebounding in 2017

According to CBRE's Manhattan's office market has rebounded in 2017 from the slowdown of 2016 -- suggesting that market conditions remain stronger than some might have imagined at the end of last year. Read More »


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Global Property Spotlight

Central Florida Executive Resort-Style Residence Available

Central Florida Executive Resort-Style Residence Available

Expertly designed from the inside-out with a brilliant use of space and attention to detail in that each room shares many common features. Read More »

Last Updated September 1, 2017 10:00 AM ET

New York City Property News

According to the National Association of Home Builders/First American Leading Markets Index, nearly 300 U.S. housing markets posted an increase in economic and housing activity.

Commercial property investors are allocating more capital to real estate worldwide, with Asian investors now accounting for five of the 10 biggest cross-border spenders.

Second quarter 2017 commercial and multifamily mortgage loan originations were 20 percent higher than during the same period last year and 28 percent higher than the first quarter of 2017.

According to CBRE, commercial real estate lending in the U.S. continued to grow in Q2 2017, led by a surge in CMBS mortgages.

According to the Real Estate Board of New York's latest Residential Sales Report, New York City residential sales market registered a 19 percent rise in citywide consideration (monetary value for completed transactions) totaling $13.4 billion in the second quarter of 2017.

According to Yardi Matrix and Property Shark, the Manhattan office market seems to be picking up steam as 2017 advances. The average price per square foot for office buildings trading in the borough is once again on the rise, even though the year's second quarter failed to reach previous Q2 levels.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate dropped in mid-July, after two straight weeks of increases.

Substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new record-high

According to global real estate advisor Knight Frank, office skyscrapers in Hong Kong are the most expensive commercial real estate assets in the world in 2017.

According to new consumer spending analysis from the National Association of Home Builders, newly minted homeowners are helping drive a healthy U.S. economy. In their first year of ownership.

According to CBRE, the average asking rent in the Downtown Manhattan office market reached an all-time high of $62 per sq. ft., following the addition of 1.7 million square feet of space at 3 WTC.

According to the 2017 BDO RiskFactor Report for REITs, competition for assets at lucrative prices, the anticipation of tax reform and the likely drumbeat of interest rate hikes rank high on REITs' risk radar.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate in the U.S. dropped to a new 2017 low in late June.

Twenty-three percent of U.S. companies have not yet started to implement the new lease accounting standards.

According to CBRE Research's latest annual Global Prime Office Occupancy Costs report, Hong Kong (Central) and London's West End topped the list of prime office occupancy costs again.

Mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month.

According to the Mortgage Bankers Association, the total commercial/multifamily debt outstanding in the U.S. rose to $3.01 trillion at the end of the first quarter of 2017, the first time it has broken the $3 trillion mark.

According to the Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans in the U.S. were flat or decreased in the first quarter of 2017.


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