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Foreclosure Calm Before the Coronavirus Housing Market Storm Begins

Foreclosure Calm Before the Coronavirus Housing Market Storm Begins

There were a total of 48,004 U.S. properties with foreclosure filings, default notices, scheduled auctions or bank repossessions. Read More »


COVID-19 Outbreak Now Impacting U.S. Mortgage Industry

COVID-19 Outbreak Now Impacting U.S. Mortgage Industry

According to new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 27, 2020, U.S. mortgage applications increased 15.3 percent from one week earlier. Read More »

Pre-COVID 19 Outbreak, U.S. Pending Home Sales Rose in February

Pre-COVID 19 Outbreak, U.S. Pending Home Sales Rose in February

Each of the four major regions saw an increase in month-over-month contract activity, as well as growth in year-over-year pending home sales transactions compared to one year ago. Read More »

Fast Rising Unemployment in U.S. Greatly Increases Housing Rent Burden

Fast Rising Unemployment in U.S. Greatly Increases Housing Rent Burden

Zillow research is now reporting that American renters who work in food and retail industries can find themselves spending 40% of their annual income on housing costs if they are unable to work for two months Read More »


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Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated April 2, 2020 9:00 AM ET

New York City Property News

The median U.S. home price in the first quarter of 2020 was unaffordable for average wage earners in 319 of 483, or 66 percent of the U.S. counties analyzed in the report.

It has been a wild ride for mortgage rates over the past month, which touched record lows then rebounded just as fast.

Given growing U.S. housing market uncertainty caused by the recent Coronavirus outbreak, Zillow Group announced this week it will pause home buying in all 24 U.S. markets where Zillow Offers currently operates in response to local public health orders related to COVID-19.

Sales of newly built, single-family homes fell 4.4 percent to a seasonally adjusted annual rate of 765,000 units in February 2020, coming off a sharp upward revision in January 2020.

RENTCafe.com is reporting this week that the number of sessions decreased by approximately 25% in the week of March 11-17, 2020

According to the National Association of Realtors, U.S. existing-home sales climbed substantially in February 2020 after a slight decline in January.

National rent increase of 2.9% year over year, down slightly from a 3.2% year-over-year increase in January 2019. Rent prices are now increasing at double the rate of inflation, presenting affordability challenges among current and prospective renters.

The average annual gross rental yield (annualized gross rent income divided by median purchase price of single-family homes) among the 389 counties is 8.4 percent for 2020

According to CBRE's latest U.S. Multifamily Inbound Investment Report for the second half of 2019, Orlando was the highest growth market for global multifamily investment capital, with an annual gain of 231%.

The Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report is showing this week that U.S. commercial and multifamily mortgage delinquencies remained low in the fourth quarter of 2019.

As of the date of publishing this story, there have been over 115,000 confirmed Coronavirus cases around the world in 110 countries that are now reporting over 4,000 deaths.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending February 28, 2020, mortgage applications increased 15.1 percent from one week earlier.

According to the latest quarterly National Association of Home Builders' Home Building Geography Index, nearly two-thirds of multifamily construction in the fourth quarter of 2019 occurred in "blue counties" where Hillary Clinton garnered the most votes in the 2016 election.

U.S. technology companies claimed the biggest share of the 100 largest office leases signed in the U.S. last year, and Manhattan ranked ahead of all other cities as the home of many of those huge leases.

According to global property consultant Knight Frank's latest Wealth Report 2020 reveals that private capital was responsible for $333 billion of all commercial real estate purchases in 2019, a 5% rise on the previous year.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 3.45 percent in late February 2019.

Over 1.52 million U.S. single-family homes and condos in the United States are vacant, representing 1.5 percent of all homes.

U.S. net-lease investment reached record highs in 2019, with investors increasingly attracted to opportunities in high-growth secondary and tertiary markets.


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