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Los Angeles Now Least Affordable Housing Market in U.S.

Los Angeles Now Least Affordable Housing Market in U.S.

San Francisco, which has been the nation's least affordable housing market for nearly five years, was supplanted by Los Angeles in the third quarter of 2017. Read More »


Middle East Investors Globally Deploy $10 Billion in Commercial Real Estate

Middle East Investors Globally Deploy $10 Billion in Commercial Real Estate

According to global property advisor CBRE, Middle Eastern investment in global commercial real estate reached $10.1 billion in the 12 months leading up to Q2 2017, with the United States the top country target. Read More »

Commercial Lending in U.S. Jumps 16.9 Percent Annually in Q3

Commercial Lending in U.S. Jumps 16.9 Percent Annually in Q3

According to CBRE, commercial real estate lending markets remained on the upswing in Q3 2017 with rising equity prices, limited volatility and tightening spreads. Read More »

Commercial, Multifamily Originations in U.S. To Go Flat in 2018

Commercial, Multifamily Originations in U.S. To Go Flat in 2018

The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations in the U.S. will increase in 2017, ending the year at $515 billion, up 5 percent from the 2016 volumes. Read More »


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Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated November 10, 2017 9:00 AM ET

New York City Property News

Nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 -- representing 1.58 percent of all U.S. residential properties.

Based on a new report by JLL, the U.S. law firm real estate market is entering a new phase, giving law firms a choice of location and space that's never seen before.

According to CBRE, Tokyo, New York and Los Angeles are the world's largest commercial real estate investment markets, with the global stock of investable commercial real estate assets standing at $27.5 trillion.

According to new research by Zillow, rising sea levels are expected to impact $916 billion worth of U.S homes in the next 100 years, most of which are low-end or median-value homes.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017.

According to CBRE, vacant office space in the U.S. declined by 10 basis points (bps) during the third quarter of 2017 (Q3 2017) dropping to 12.9 percent. Continuing a recent pattern, suburban office markets continued to set the pace for declines.

Total U.S. commercial and multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter of 2017, as three of the four major investor groups increased their holdings.

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.

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.

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.

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.

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.


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