On the other hand, the market slowdown is — ever so incrementally — taking a toll on house prices, according to Zillow forecasts.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
While June typically marks the hottest point of the year for home sales, last month instead saw a decline as prices rose to a record high.
Prospective homebuyers and sellers are in a holding pattern, as persistently high mortgage rates and prices keep them from making moves.
The deal is with NYC real estate developer Related, which is seeking to capitalize on the return to office push in the economic metropolis.
To say housing is the defining issue in current New York City politics is likely a massive understatement.
It may well be another indicator that the market is finally tipping in buyers’ favor, as the construction industry faces major headwinds.
A new report by Redfin showed that US home sellers now outnumber by buyers by nearly half a million, the biggest gap on record since 2013.
Even before the latest jump in mortgage rates, existing home sales slid 0.5% last month, according to the National Association of Realtors.
Combined, Rocket and Mr. Cooper will service a $2.1 trillion loan book across 10 million clients, accounting for one in six US mortgages.
Blackstone’s BXMT mortgage trust, on the other hand, is buckling under the weight of a pile of office loans gone bad.
Simply put: too many prospective buyers remain priced out of the market. And tariffs aren’t likely to bring prices down.
As they say: Man plans, and Mother Nature floods his semi-basement. And climate change may melt home values along with glaciers.
The alternative investment giant may be on the verge of its first New York office building transaction in nearly three years.
Sales of new homes picked up considerably to end 2024. But sales of old homes are at their slowest pace since 1995.
It’s part of a collection of measures to address the country’s housing crisis, Spain’s Prime Minister Pedro Sánchez says.
Pershing Square has announced a formal bid for Howard Hughes, the real estate developer where Ackman served as chairman for over a decade.