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Manhattan Retail Market Dealing with New Business Realities

Manhattan Retail Market Dealing with New Business Realities

According CBRE's Q4 2019 Retail MarketView, the Manhattan retail market continues to make the difficult adjustment to the new realities of the retail business. Read More »


U.S. Housing Market's Combined Value Hits $33.6 Trillion in 2020

U.S. Housing Market's Combined Value Hits $33.6 Trillion in 2020

According to new research by Zillow, the total value of every home in the U.S. is $33.6 trillion, nearly as much as the GDP of the two largest global economies combined -- the U.S. ($20.5 trillion) and China ($13.6 trillion). Read More »

U.S. Mortgage Credit Availability Dips in December

U.S. Mortgage Credit Availability Dips in December

According to the Mortgage Bankers Association's newly released Mortgage Credit Availability Index (MCAI), U.S. mortgage credit availability decreased in December 2019. The MCAI fell by 3.5 percent to 182.2 in December. Read More »

Bidding Wars for U.S. Homes Fell to 10-Year Low in December

Bidding Wars for U.S. Homes Fell to 10-Year Low in December

According to a new U.S. housing report from Redfin, just 9% of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war nationwide in December 2019, down from 12% a year earlier and setting another new 10-year low. Read More »


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Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated January 24, 2020 8:00 AM ET

New York City Property News

According to CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas, data collected for October 2019 shows a national rent increase of 3.1% year over year, compared to 2.9% in October 2018.

Based on CoreLogic's latest Home Price Index for November 2019, U.S. home prices rose both year over year and month over month. Home prices increased nationally by 3.7% from November 2018. On a month-over-month basis, prices increased by 0.5% in November 2019.

The oldest Millennials, who will turn 40 in 2020, have lived through a turbulent decade of housing marked first by the initial recovery from the Great Recession, then the extraordinary home value growth of recent years.

According to new research from CBRE, U.S. retailers and shippers this 2019 holiday season will handle more returns than ever of goods bought online, illustrating a costly drawback to e-commerce's growth that the industry is working hard to contain.

According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years.

According to the Mortgage Bankers Association's latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial/multifamily mortgage debt outstanding rose by $75.7 billion (2.2 percent) in the third quarter of 2019.

According to the National Association of Realtors, existing-home sales fell in November 2019, taking a small step back after October's gains. The Northeast and Midwest both reported growth last month, while the South and West saw sales decline.

According to Knight Frank's latest research for the most exclusive global residential neighborhoods -- the top 10 ultra-prime streets and areas where the most transactions over $25 million have taken place in the last five years was -- revealed this week.

Demand for design services in November 2019 increased at a modest pace for the second month in a row. During November, both the new project inquiries and design contracts scores were positive, posting scores of 60.9 and 52.9 respectively.

US home builder confidence in the market for newly-built single-family homes increased five points to 76 in December 2019 from an upwardly revised November 2019. This is the highest reading since June of 1999.

There were 49,898 U.S. properties with foreclosure filings in November 2019, down 10 percent from October 2019 and down 6 percent from a year ago. Nationally, one in every 2,713 properties had a foreclosure filing in November 2019.

Based on ATTOM Data Solutions' third-quarter 2019 U.S. Home Flipping Report, 56,566 single family homes and condos were flipped in the third quarter of 2019, down 12.9 percent from the previous quarter and down 6.8 percent from a year ago.

U.S. homeowners with mortgages (which account for roughly 64% of all properties) have seen their equity increase by 5.1% year over year, representing a gain of nearly $457 billion since the third quarter of 2018.

Zillow research is reporting this week that after strong home value growth characterized a frenzied housing market in 2017 and 2018, this year's slowdown felt like a welcome return to normalcy.

According to a new report from Redfin, ten percent of offers written by Redfin agents nationwide on behalf of their homebuying customers faced a bidding war in November 2019, down from 29% a year earlier and hovering at the 10-year low for the 5th consecutive month.

With capital growth in most prime residential markets around the world shrinking in 2019, the global economic landscape looks markedly different from that a year ago.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending November 29, 2019, mortgage applications decreased 9.2 percent from one week earlier. This week's results include an adjustment for the Thanksgiving holiday.

According to a new survey by CBRE of personnel at 14 of the major U.S. malls and large-format retail centers that CBRE manages found the following regarding results from this Thanksgiving weekend's holiday shopping season:


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