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Global Luxury Home Price Growth Damped by Economic Uncertainty in Q2

Global Luxury Home Price Growth Damped by Economic Uncertainty in Q2

Knight Franks' latest Prime Global Cities Index, which tracks the movement in luxury residential prices across 46 International cities, increased by 1.4% in the year to June 2019, up marginally from 1.3% in March 2019 but still significantly lower than its four-year average of 3.8%. Read More »


Global Commercial Real Estate Investment Dips in 2019, But Demand Remains

Global Commercial Real Estate Investment Dips in 2019, But Demand Remains

Global real estate consultant JLL is reporting this week that after a bumpy 2018, investment in global commercial real estate cooled in the first half of 2019 with year-on-year volumes dropping by 9% to $341 billion. Read More »

Office Vacancy Rates Hold Steady at 9.7 Percent in U.S.

Office Vacancy Rates Hold Steady at 9.7 Percent in U.S.

According to Transwestern's recently released national office report reflects resilience in U.S. market fundamentals, even in the face of the moderating pace of U.S. economic growth demonstrated by net job creation averaging 172,000 per month for the first half of the year. Read More »

Commercial Lending Activity in U.S. Increases in Q2

Commercial Lending Activity in U.S. Increases in Q2

According to research from CBRE, commercial real estate lending activity gained traction in the second quarter of 2019 following a brief pause at the start of the year amid financial market volatility. Read More »


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Global Property Spotlight

Grand Tetons Wonderland - (Driggs, Idaho)

Grand Tetons Wonderland - (Driggs, Idaho)

Huntsman Springs is golf and club community developed by Jon Huntsman, Sr. A place of serenity and beauty in the hitherto undeveloped Teton Valley of Western Idaho. Read More »

Last Updated August 16, 2019 8:00 AM ET

New York City Property News

For the first time in history, the average rent in Manhattan's office market topped $80 per square foot, closing the second quarter at $80.37, in a strong reporting period that also saw 8.5 million square feet of leasing activity.

The differential between U.S. rates and those in countries with lower-yielding foreign currencies has narrowed, contributing to lower hedging costs for foreign investors acquiring U.S.-dollar-denominated assets.

According to new research from commercial property consultant CBRE, the global search for yield and portfolio diversification is driving more foreign investors to the U.S. net-lease real estate market.

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.

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.

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.

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.

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.


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