Supply Struggle for the US Housing Market in Q2
Key Takeaways: Nationwide, the median sale price for existing single-family homes grew 6.2 percent year-over-year Q2 recorded a 7.1 percent drop year-over-year in homes available for sale in the US Four out of the five most expensive markets are in California, and require a salary of over $100,000 for a mortgage Single-family home prices keep on climbing…
When Will Harlem’s Townhouse Market Catch Up with Manhattan Prices?
The average sale price/sqft of townhouses in Harlem climbed 171% since 2009 Downtown Manhattan has the highest average sale price per square foot Harlem records a 15% average yearly growth rate – if current pace continues, it could catch up with Manhattan’s average by 2028 Harlem is clearly undergoing some quite dramatic changes and the…
Market Report – LA, OC Office Sales Gain Traction in Q2
Los Angeles Q2 Office Sales Reach $2B—Again The California office market had a strong second quarter. Data compiled by our sister company CommercialCafé showed that office sales volume for the Los Angeles and Orange County markets was the best Q2 volume in the past five years. The Los Angeles office market closed the second quarter…
The Most Expensive Zip Codes in Pennsylvania – Philadelphia Main Line in the Lead
Quick facts: Villanova’s 19085 is Pennsylvania’s #1 most expensive zip code Philadelphia and the Philadelphia Main Line are home to Pennsylvania’s top 10 most expensive zip codes Philadelphia boasts the highest number of expensive zip codes – 5 – of any Pennsylvanian city All of Pennsylvania’s top 50 most expensive zip codes feature median sale…
Residential Sales Reach 2-Year High in The Hamptons
The second quarter of 2017 saw residential sales in the Hamptons reach a new high, and more so in the upper-end segment. According to a Q2 report from Douglas Elliman, and The Real Deal, residential sales in the Hamptons are starting to get back on track after a less than fruitful 2016, but prices are…
Land Use Committee Greenlights Midtown East Rezoning
Manhattan Skyline Gearing Up for a Major Makeover The iconic skyline of Midtown East is gearing up for a major makeover. Landmarks such as the Chrysler Building are at risk of being overshadowed by megatowers – and according to Justin Davidson, architecture critic for New York Magazine, the danger is now more real than ever….
Top 50 Most Expensive Neighborhoods in LA County
Key Takeaways: L.A. County’s most expensive place to call home is Malibu Colony Beach Beverly Hills’ exclusive Trousdale Estates lands the second spot 6 neighborhoods in the top 50 boast median sale prices above the $5M mark There seems to be no shortage of news related to California’s high housing prices and tight real estate…
NYC Rental Market Hottest as Construction Hits 20-Year High
New York City remains one of the hottest rental markets as apartment construction hits a new record high this year. Apartment construction has been unstoppable, with thousands of new buildings under development all over the country. Is it enough? Is it too much? What will the impact of this volume be on the market? New…
HFF Arranges $28M Refi for Brooklyn Mixed-Use Building
HFF has recently arranged a $28 million refinancing for the mixed-use building located at 110 4th Ave. in Brooklyn’s Boerum Hill. The firm placed the 10-year, fixed-rate, interest-only loan covering 75 percent of the property value with Jefferies LoanCore LLC, per PropertyShark data. A debt placement team led by HFF Managing Director Scott Aiese represented…
Tides Turning for Manhattan Office Sales Market in Q2
Key takeaways: Q2 office sales volume drops 57% Y-o-Y Average price per square foot crosses over the $1,000 threshold Most expensive sale of Q2 – Park Avenue trophy asset changes hands for $2.2B 7 projects to come online in Q3, bringing an extra of 2.8 million square feet Q2 Office Sales Volume Goes Down 57% Y-o-Y…
Foreclosed Homes in NYC Soar to 2009 Levels; Brooklyn Sees Dramatic 105% Y-o-Y Increase
Key takeaways NYC residential foreclosures up 42% Y-o-Y, soaring to levels not seen since Q3 2009 Foreclosed homes in Brooklyn climbed 105% Y-o-Y; 264 properties were scheduled for auction in Q2 2017 Staten Island sees number of foreclosure cases double compared to the same quarter of 2016; 105 homes were foreclosed in Q2 2017, while…
TriBeCa Still #1 Most Expensive NYC Neighborhood
Following a period of stabilization, the second quarter of 2017 brought a period of renewed price growth to some areas of New York City, particularly to its most expensive neighborhoods. Median sale prices trended upwards in most of the city’s 50 most expensive neighborhoods. Only 11 areas saw prices slide in Q2, a significant change from Q1,…
The Most Expensive Zip Codes in Indiana
Quick facts: Indiana’s #1 most expensive zip code is 46290 in Indianapolis Indiana’s priciest zips are also concentrated in Greater Indianapolis Boomtown Carmel is home to 2 of the state’s 50 most expensive zip codes Recently named the Indiana home values inched up 0.5% in 2016, with the current year expected to push values up by…
US Homes Keep Getting Bigger: What Does This Mean for Our CO2 Emissions?
Key takeaways The top states by total CO2 emissions for the housing sector are Texas, New York, and Florida; California, the largest state in the US, ranks 6th New England states have the largest CO2 emissions per home; Hawaii, DC, and the West Coast states have the lowest emissions If US homes were an average…
The Most Expensive Zip Codes in Florida
Quick facts: 33109 in Miami Beach is Florida’s #1 most expensive zip code and the 4th most expensive nationally Florida’s top 3 zip codes boast seven-figure median sale prices Miami and Fort Lauderdale are home to the highest number of zips – 6 each Home to some of the hottest real estate markets in the country,…
Top 50 Best-Selling NYC Buildings of All Time
New York is a city of condo buildings whose names resonate almost as strongly as those of top celebrities. As older, established condo buildings are now joined by new developments that are changing the city’s skyline and making headlines thanks to units that go for dizzying prices, we set out to find out which are the…
The Most Expensive Homes for Sale in Montana
Once a wild and rowdy gold rush territory, the Montana of nowadays offers comfortable, luxurious real estate in some of the most pristine natural landscapes in the country. Enviable wooded acreages and breathtaking waterfront views offer the peace and privacy so many covet. At the top end of the market, Montana’s natural beauty is brought…
The Most Expensive Zip Codes in Southern California
Quick facts: Santa Monica’s 90402 is Southern California’s #1 most expensive zip code SoCal’s 50 most expensive zip codes have median prices above the $1M mark Los Angeles is home to 11 of Southern California’s 50 most expensive zip codes Beverly Hills’ 90210 is SoCal’s #2 most expensive zip code and #7 nationally SoCal’s real…
The Most Expensive Homes for Sale in Oregon
Rapidly shrinking inventories, a severe shortage in new housing developments and a continuously growing population have made their impact on Oregon’s housing market, especially in the Portland metro area. First-time home-buyers are struggling to find affordable homes here, even middle-income earners. As prices and interest rates continue to climb, while the supply of available properties…
Most Expensive Zip Codes in Maryland
Quick facts: Gibson Island’s 21056 is Maryland’s #1 most expensive zip code Montgomery County is the #1 county for expensive zips – 22 out of the top 50 Silver Spring and Bethesda tied for city with highest number of pricy zips – 3 each Maryland’s largest residential sale was registered in Bethesda’s 20814 Boasting the …
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