Homebuilder sentiment may be coming out of its worst slump ever, as new data showed confidence improving this month, with one caveat: the Northeast is the only area where confidence remains low. A new forecast by the National Association of Home Builders (NAHB) shows sentiment...
New leases for Manhattan rentals plummeted by 70.9 percent year over year excluding renewals amid “shelter in place” measures made and enforced amid the pandemic, according to a Douglas Elliman and Miller Samuel report. The figure represents the “lowest total of new leases recorded in a...
Land. They’re not making any more of it, as the old saying goes, which is why real estate has always been considered the best investment. And like pretty much everything else post-pandemic, real estate is in need of a reset to put homebuying in line...
It could be the perfect time for millennials to stop throwing their money away on rent and buy a home — or not. At 3.26 percent, the 30-year fixed rate mortgage set a new record last week, according to Freddie Mac. The last time home...
In the best of the times, homebuying is a fraught process – stressful, time-consuming and marked by friction across several steps of a months-long process. There’s searching for the house, finding an agent, scheduling the time to see the house, and for many would-be buyers, even...
Pending single-family home sales fell by nearly 21 percent in March compared to February as the economic impact of COVID-19 took its toll on the real estate sector, according to the National Association of Realtors (NAR). “The housing market is temporarily grappling with the coronavirus-induced...
As the economy has more or less ground to a halt over the last several weeks, time has become harrowing for homeowners who face frozen income streams and continuing mortgage payments due to the coronavirus pandemic. It’s also confusing at times as options for homeowners looking...
As COVID-19 started to impact the housing markets during a wind-down in mid-March, new home sales in the United States plummeted 15.4 percent. Sales of new single-family dwellings fell to a rate of 627,000 in March on a seasonally adjusted basis following a 4.6 percent...
The New York City real estate market, battered like other economic sectors by the coronavirus pandemic, is seeing lower rates than it has in almost a decade. That has sent rents falling steeply with no signs of turning around soon. The average retail asking rent...
