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The city’s office market is all about hospitality and the flight to quality as building owners are sprucing up their products to woo the companies that are trying to entice their workers back to the office. “It’s product not price,” said Howard Hersch, vice chairman of JLL, as some firms are forking over upwards of … Read More “NYC office leasing deals are heating up” »
The commercial building sales market is facing a perfect storm of challenges: from inflation and the new work-from-home normal, to interest rate hikes and a dearth of financing. Financing issues recently tanked an $855 million deal for the HSBC building at 452 Fifth Ave., across from Bryant Park, which was being marketed by Eastdil Secured. … Read More “NYC office investors bet big despite high vacancies” »
Home price decline odds: this interactive map shows the likelihood in your local housing market | Fortune You need to enable JavaScript to view this site.
A slice of old-world New York elegance has hit the market. On Manhattan’s Upper East Side, an extra-wide limestone townhouse with 17 rooms and opulent custom details asks $24.8 million for sale. “106 E. 71st St. checks many boxes today’s prime Lenox Hill townhouse buyers look for,” Erin Boisson Aries, who holds the listing with fellow … Read More “Extra-wide NYC townhouse with elevator lists for $24.8M” »
The city’s hotel industry didn’t roll out the welcome mat for a sunny forecast from CBRE which claimed that pandemic-battered inns are doing just fine. Hotel Association of New York City president and CEO Vijay Dandapani threw shade on the real estate company’s rosy forecast as his organization lobbies for a big cut in the … Read More “Hotel Association of New York City slams CBRE report” »
Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of that, home prices have risen more than 20% year-over-year, causing affordability challenges for many aspiring homebuyers. And it’s likely … Read More “I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now” »
Despite the presence of many investment options and innovative instruments, real estate will never lose its sheen. As they say, the investment portfolio must be a balanced mix of different financial instruments, and real estate or property should be one of the main components of the combination. Especially when it comes to your retirement bucket, … Read More “How to include real estate in your retirement portfolio?” »
A historic ship builder’s house that has been carefully restored and updated has listed in London’s Rotherhithe neighborhood for £4.75 million (US$5.8 million). Built in 1743, the Georgian Grade II-listed house is the “last remaining ship builder’s house and dry dock” in the neighborhood, according to marketing materials from Savills. (Lindsay Cuthill and Chloe Luxon … Read More “Historic London Dock House Overlooking the River Thames Lists for £4.75 Million” »
Text size Rising mortgage rates are dragging on the housing market. Justin Sullivan/Getty Images Jersey and Florida are hot. Housing in Austin and Seattle is not, according to the co-CEO of the U.S.’s second-largest home builder. Lennar (tickers: LEN, LEN. B) noted a slowdown nationally in housing on its earnings conference call Tuesday, and then … Read More “The 7 Worst Housing Markets in America, According to Lennar” »
Half of Provo home-sellers just slashed their asking price—these 19 housing markets aren’t far behind | Fortune You need to enable JavaScript to view this site.
