New York City Real Estate News
New York City
U.S. Office Landlords Tenant Concessions Decline for First Time in 4 Years
According to a new report from CBRE, the value of office-leasing concessions - like months of free rent - began to decline in the first half of 2024 in America, and may be near a peak.
Affordability and U.S. Election Stalling U.S. Consumers Home Buying Decisions
In July 2024, pending home sales dropped by 5.5%, as reported by the National Association of Realtors. All four U.S. regions experienced monthly declines in transactions. Compared to last year, the Northeast saw an increase, while the Midwest, South, and West showed decreases.
Seattle, Orlando and New York Top Labor Day Destinations in 2024
Based on AAA booking data, Seattle is the top destination for Labor Day weekend, showing an increase of nearly 30% from last year when it also ranked first.
U.S. Homebuyer Median Down Payment Hits Record $67,500
Based on a new report by Redfin, the typical down payment for U.S. homebuyers hit a record high of $67,500 in June 2024, up 14.8% from $58,788 a year earlier. This was the 12th consecutive month the median down payment rose year over year.
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