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Hong Kong Tops London as World's Most Expensive Office Market in 2019

Hong Kong Tops London as World's Most Expensive Office Market in 2019

Rising cost of leasing prime office space accelerated across the globe due to continued economic growth, job gains and limited availability of prime space in certain markets. Read More »


New Home Mortgage Applications in U.S. Spike 20.1 Percent Annually in May

New Home Mortgage Applications in U.S. Spike 20.1 Percent Annually in May

U.S. mortgage applications for new home purchases increased 20.1 percent compared from a year ago. Compared to April 2019, applications increased by 0.1 percent. Read More »

U.S. Commercial, Multifamily Mortgage Debt Reaches $3.5 Trillion

U.S. Commercial, Multifamily Mortgage Debt Reaches $3.5 Trillion

The level of commercial/multifamily mortgage debt outstanding in the U.S. rose by $45.4 billion (1.3 percent) in the first quarter of 2019. Read More »

New Residential Construction Prices and Sales Dip in U.S.

New Residential Construction Prices and Sales Dip in U.S.

According to Redfin, sale prices for newly built homes in the U.S. fell 1 percent year over year to a median of $363,900 in the first quarter of 2019, the first such drop in seven years. 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 June 14, 2019 9:08 AM ET

New York City Property News

The Real Estate Board of New York's latest Real Estate Broker Confidence Index for first quarter of 2019 is reporting a rising sense of confidence by New York City's local brokerage community with recording a 6.92 out of 10 index rating.

Nearly 43 million Americans will start their 2019 summer season with a Memorial Day weekend getaway. Orlando top vacation destination, followed by New York City and Las Vegas

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 6.7 percent to a seasonally adjusted annual rate of 673,000 units in April 2019 after a sharp upwardly revised March 2019 report.

Total U.S. housing starts rose 5.7 percent in April 2019 to a seasonally adjusted annual rate of 1.24 million units from an upwardly revised reading in March 2019.

Based on new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending May 3, 2019, mortgage applications in the U.S. increased 2.7 percent from one week earlier.

According to CBRE Research, commercial real estate lending activity in the U.S. was strong in the first quarter of 2019, with equity and debt markets calmed by the Federal Reserve's decision to hold firm on rates.

According to the Urban Land Institute's Center for Capital Markets and Real Estate, the outlook for the U.S. economy, real estate capital markets and real estate fundamentals remains positive in 2019, but is expected to moderate over the next three years.

A total of 161,875 U.S. properties with a foreclosure filing during the first quarter of 2019, down 23 percent from the previous quarter and down 15 percent from a year ago to the lowest level since Q1 2008.

According to new research from CBRE, the average age of U.S. adults at their first marriages has risen to historical highs.

According to new research prepared by the Mortgage Bankers Association, the following firms were the top commercial/multifamily mortgage originators in 2018:

According to ATTOM Data Solutions 2018 property tax analysis of more than 87 million U.S. single family homes, property taxes levied on single family homes in 2018 totaled $304.6 billion, up 4 percent from $293.4 billion in 2017.

According to new research from Zillow, real estate investors appear to be flocking to Opportunity Zones in the U.S.

This past week New York City's new $25 billion Hudson Yards mixed-use megaproject officially opened to the public, marking a historic moment in the City of New York.

According to the New York State Association of Realtors, median home sales price in New York State continued to rise in February 2019, increasing 9.8-percent from this time last year.

According to the National Association of Realtors, existing-home sales in the U.S. rebounded strongly in February 2019, experiencing the largest month-over-month gain since December 2015.

According to the Mortgage Bankers Association's latest Commercial and Multifamily Mortgage Debt Outstanding quarterly report for 2018, the level of commercial and multifamily mortgage debt outstanding in the U.S. at the end of 2018 was $216 billion (6.8 percent) higher than at the end of 2017.

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes held steady at 62 in March 2019.

Based on new research by Zillow, prospective homebuyers in Miami and the New York metro area can expect more favorable conditions than those in most other major U.S. housing markets.


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