LAS VEGAS (KTNV) — Becoming a homeowner in Southern Nevada remains a daunting challenge. A new report by Las Vegas Realtors shows the Las Vegas housing market prices continuing to increase with the average price for a single family home now at $469,000 and $290,000 for townhomes and condos. For many, buying a home in […]
The dark cloud hanging over the US real estate market may be casting an even longer shadow on REITs, or real estate investment trusts. The Federal Reserve’s sentiment on keeping interest rates higher for longer has prolonged elevated mortgage rates, which have run rampant and impaired Americans’ ability to buy or own a home. Janus […]
280 Park Ave., where SL Green and Vornado secured a loan extension. Vornado Realty Trust is still wrestling with the headwinds facing New York’s commercial real estate market, but international luxury brands have given its executives cause for optimism. The REIT, one of Manhattan’s largest owners of office and retail space, reported its funds from operations during the first […]
More millionaires live in New York City than anywhere else on the planet, according to a new global ranking of wealthy cities. The report was produced by Henley & Partners and was first reported by Bloomberg. According to the data, one in 24 people in New York City are millionaires – even after the pandemic-driven […]
Barry Sternlicht, cofounder, chairman, and CEO of the $115 billion real estate giant Starwood Capital Group, is worried about the more than 4,000 regional and community banks in the U.S. With the real estate industry struggling against higher interest rates, vacancies, and inflation, its lenders of choice may be in for some pain, according to […]
American homebuyers just aren’t feeling the love from the US housing market. Home prices have spiked in popular metro areas across the country and renters feel hopeless about the transition to ever owning a home, what kind of options are left in current real estate markets? Citing survey data out from John Burns Research and […]
CoreLogic recently released their monthly report on the Southern California Housing Market for March 2024, shedding light on the state of residential real estate in the region. According to Dr. Selma Hepp, CoreLogic’s chief economist, the market continues to face challenges, including high mortgage rates and affordability issues, leading to a stagnation in sales activity. […]
WEST HOLLYWOOD, Calif. (KABC) — If you thought California housing prices couldn’t get any higher, a recently sold condo’s price tag might surprise you. According to californialistings.com, a West Hollywood penthouse condo just sold for a record-breaking $24 million, making it the highest paid condo complex in the greater Los Angeles area. While the condo […]
Finance Blackstone says the real-estate market is bottoming. Here are 7 ways it’s getting ahead of the situation. Alex Nicoll 2024-05-08T14:06:28Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an […]
