Market Reports


NEST SEEKERS TRENDS & INDICATORS

Q2 Recap 2021 | Erin Sykes, Chief Economist, Nest Seekers Record prices have experienced their biggest annual increase in more than two decades, with short inventory being the primary driver. US home prices saw an annual gain of 14.6% in April, the highest increase in more than 30 years, according to the S&P CoreLogic , Case-Shiller National Home Price Index. Interest Rates are expected to remain low until mid-2022, though inflation is accelerating far faster than expected (+4.2% in April, +5% in May +5.4% in June) and is debatably higher than what has been reported. Economic recovery combined ...

MARKET REPORT: LOS ANGELES

In June 2021, Los Angeles home prices were up 24.7% compared to last year, and days-on-market decreased by 27.1% for the same time period. 60.4% of homes sold above list price last month, up 75% year-over-year. Overall, prices increased 8% in 2020, the tenth consecutive year of price growth for Los Angeles, with expectations of closing 2021 with an even more significant increase.

NEST SEEKERS TRENDS & INDICATORS

New Development Market Report | April 2021 by Erin Sykes | The success of New Development projects depends not only on technical site analysis, market research, design and optimal construction management, but also on sales, marketing and utilizing technology to present renderings, data and value trajectory that makes buyers confident in spending on average of 20% premium over a resale. We continue to work through global uncertainty, including increased cost-to-build, we are also beginning to see distinct preference patterns emerge that allow developers to squarely meet buyers expectations.

NEST SEEKERS TRENDS & INDICATORS

Q1 Recap 2021 by Erin Sykes | Q1 2021 Q1 2021 exhibited 24 trades priced over $10 Million, twice as many as Q1 2020. Of these 24 trades, five were between $20M - $30M, two were between $30M-$40M, four were between $40M-$50M, two were between $50M-$60M, one was $73M, and one was $133M, marking a new record high for Palm Beach County. Palm Beach shows no signs of slowing, demonstrating ultra-low inventory levels and strong demand, with Miami gaining traction and reporting record new development sales. In whole, Miami-Fort Lauderdale-West Palm Beach Metro home values have gone up 7 ...

NEST SEEKERS TRENDS & INDICATORS

MARKET REPORT: A SUMMER IN THE MEDITERRANEAN OR THE HAMPTONS The old adage suggests that the rich summer in the Hamptons, but the wealthy go to Europe. Will this year be any different? After a year and a half of quarantining on the East End, we suspect some may be feeling the itch to travel again and even invest in a vacation home abroad. An unsung hero of European investment options is PORTUGAL, which offers a diverse landscape and supports an active, outdoor lifestyle, much like the beloved Hamptons. With special incentives for luxury buyers, Portugal is worth a nod ...

NEST SEEKERS TRENDS & INDICATORS | 2020

A Year of Change | 2020 by Erin Sykes | One thing remained constant throughout 2020 – change. The pandemic shifted front runners and opportunity zones. Home buyers are valuing privacy, safety, space, less regulation, and access to the outdoors while their employers, favorite retailers, and restaurants are doing the same. General interest in real estate accelerated, with Nest Seekers Consumer Sentiment data indicating unique visitor traffic on Nest Seekers’ website up 55% in 2020 over the prior year, and page views up 77%. The Hamptons saw an incredible 794% increase in traffic, driven by both the shift in national preference and premier ...

NEST SEEKERS TRENDS & INDICATORS

New York City Market Report | February 2021 | by Erin Sykes This year we will acknowledge the 20th anniversary of the September 11, 2001 attacks. In the period surrounding the tragedy, millions counted NYC down for the count, saying it would never recover, and thus moved to the suburbs in droves. It was also during this period that Nest Seekers International was founded, growing roots downtown and now expanded to 25 offices worldwide.

NEST SEEKERS TRENDS & INDICATORS

Luxury Market Report | February 2021 by Erin Sykes | At the beginning of the pandemic, the luxury real estate market fell faster than any other industry, however, within a few months it rebounded with a vengeance and reconfirmed its resiliency. The V-shaped recovery of luxury is also evident in the public sector, as shown by the S&P Global Luxury Goods Index compared to the S&P 500. Demand for single-family homes, private outdoor space and enough room to work remotely will drive robust luxury home sales in 2021, benefiting some of the world’s top luxury markets more than others ...

COMMERCIAL MARKET INSIGHTS AUGUST 2021

On one hand, the multifamily market is experiencing the strongest demand since the 2000’s marked by double-digit rent growth. Vacancy rates in multifamily and industrial properties are on average lower now than prior to the pandemic. The retail property market is experiencing positive net absorption. Hotel occupancy rates have also recovered to near pre-pandemic level. On the other hand, the office market continues to experience a decline in occupancy, rising vacancy rates, and lower asking rents on average compared to one year ago.

WEEKLY HOUSING MARKET MONITOR: SEPTEMBER 6-9, 2021

Housing demand is easing while supply is somewhat improving, narrowing the demand-supply gap. Preliminary data shows that contract signings (pending sales) fell 7.1% from one year ago. New listings during this same period fell at a slower rate of 5.9%. The pending listings inventory was down 6% from one year ago. The level of active listings has been improving, but active listings inventory is still down 22% from one year ago.

US 2021 CAP RATES & PRICING IN COMMERCIAL REAL ESTATE

Extraordinary market conditions over the past year have made it difficult for investors to confidently assess changes in property pricing. As a result, CBRE has changed the usual methodology of its semiannual Cap Rate Survey for this year to compare H1 2021 with pre-pandemic H2 2019 cap rates. This year’s H1 survey shows the extent to which extraordinary government fiscal and monetary measures helped to stabilize the economy and thus supported real estate asset values.

ZUMPER NATIONAL RENT REPORT: AUGUST 2021

After 18 months of disruption caused by the COVID-19 pandemic, New York has passed San Francisco as the most expensive market in the country with a median one-bedroom rent of $2,810. San Francisco’s median is $2,800. Rent growth across the nation continues to accelerate at an alarming rate. Zumper’s national rent index shows median one-bedroom rent up 9.2 percent since the second quarter of 2020, while two-bedrooms are up even more at 11 percent.

HOUSING MARKET INDICATORS MONTHLY UPDATE: AUGUST, 2021

Purchases of new homes showed modest gains. New single-family home sales increased 1.0 percent to 708,000 units (SAAR) in July from an upwardly revised pace of 701,000 units in June but were 27.2 percent lower than one year ago. Sales rose in all Census regions except the Northeast, where they remained level. Average sales for the first half of the year, at 818,000 (SAAR), were slightly lower than the annual pace for 2020 (822,000). New home sales are based on the signing of a purchase agreement rather than a closing, as is the case ...

CURRENT DEVELOPMENTS FOR THE REAL ESTATE INDUSTRY: SUMMER 2021

While the pandemic recovery is still in progress and uncertainties exist, real estate has reemerged as a stronger, more innovative sector and has continued to attract global and domestic capital. Real assets play a critical role in the social, demographic and economic shifts brought about by COVID-19 and the industry has met the pandemic-induced challenges head on. Emerging from the global health crisis, the sector has embraced innovation and flexibility in the use cases across various subsectors and has also focused on supporting broader environmental, social and governance (ESG) trends and societal shifts. Real assets continue to play an exciting ...

WEEKLY HOUSING MARKET MONITOR: AUGUST 2-5, 2021

The demand-supply imbalance is narrowing. Preliminary data shows that contract signings during the four weeks fell by 7.4% from one year ago. On the other hand, new listings rose 2.8%. The total active listings are down 24% from one year ago while total pending listings are just up 4% year-over-year. The value of construction put in place for single-family and multifamily residential structures rose to a seasonalized annual rate of $511 billion, up 44% from one year ago. Single-family construction rose 52% while multifamily construction was up 20% year-over-year.

C.A.R. HOUSING PREDICTIONS SUMMARY, AUGUST 2021

Record low interest rates have been fueling the market and many first-time buyers took advantage of cheaper costs of borrowing during this year’s home buying season. The share of first-time buyers reached the highest level in ten years this past summer, with nearly two of five homes being sold to buyers who purchased for the first time. This year’s spike could also be attributed to the fact that fewer homeowners (i.e. repeat buyers) have been putting their house up on the market and moving during the pandemic.

Q2 2021: U.S. OFFICE FIGURES

Q2 had the lowest quarterly level of negative absorption (-7.9 million sq. ft.) since the COVID downturn began, representing a substantial reduction from the 30 million-sq.-ft. average of the three previous quarters. The overall office vacancy rate rose by 50 basis points (bps) in Q2 to 16.5%, slightly below its peak level of 16.8% during the Global Financial Crisis.

CALIFORNIA WEEKLY DATA: JULY 31, 2021

Last week, we saw signs of continued improvement in the broader economy coupled with ongoing reasons to be optimistic about the housing market overall. In addition, there was better news on the structure and health of the underlying financial system with encouraging signs on forbearances. However, there were also signs that the economy still has a long way to go for full recovery as GDP underwhelmed and the COVID numbers in California surged. Ultimately, this means that while we remain upbeat, it is also important to remain realistic that many significant challenges remain ahead.

OVERVIEW OF EUROPEAN RESIDENTIAL MARKETS, JULY 2021

In terms of residential real estate market, there has been several things happening at once that could be observed across countries in Europe. At the same time, any negative impacts the pandemic might have on residential markets are considered to be mostly short-term. During the spring wave of pandemic in March and April 2020, almost all non-essential workers have stayed at home. This resulted in limited spending for specific types of goods and services and subsequently led to a higher volume of savings. In some countries, during lock-downs, citizens were able to save even 20% more of their income than ...

JULY 2021 COMMERCIAL MARKET INSIGHTS

Acquisitions of investors of commercial real estate rose acquisitions rose 34% in the first half of 2021. Commercial prices continued to recover, with property valuation just 1% below the valuations prior to the pandemic at a broad level. With prices firming up, cap rates continued to compress across all property types, with the lowest cap rates for apartment and industrial property acquisitions.

ZUMPER NATIONAL RENT REPORT: JULY 2021

The dramatic rise in rent that’s come to define 2021 accelerated in July, with Zumper’s National Rent Index rising 7 percent year-over-year for one-bedroom apartments and a staggering 8.7 percent for two-bedroom apartments. While rent is rising in almost every corner of the country, many of the big cities that experienced the largest drops in rent over the course of the pandemic remain down considerably year-over-year, although most bottomed out earlier in 2021.

CENTRAL LONDON MARKET SUMMARY, Q2 2021

The reopening of non-essential retail on the 12th of April helped boost footfall in central London to its highest levels post March 2020. However, the ongoing limited numbers of office workers and tourists in the capital remains poignant. Consumer confidence was unchanged in June compared to May, but remained the joint-highest reading since March 2020. Consumers’ greater optimism about their financial situation was offset by a less upbeat view of the general economy

WEEKLY HOUSING MARKET MONITOR: JULY 5- 8, 2021

New contract signings fell by 4.8% from one year ago. Meanwhile, more new listings came into the market, with new listings in the past four weeks up 6.2% from one year ago. However, there is still a large demand-supply gap: total active listings are down 31% from one year ago while total pending listings are up 13% yearover-year.

CALIFORNIA WEEKLY DATA: JULY 3, 2021

The California housing market had an outstanding performance in the first half of 2021, with both sales and its median price growing by double-digits year-over-year. Looking forward to the second half of the year, housing demand should remain solid but will likely slow as foreshadowed by the decline in mortgage applications. Recent increase in supply in both new and existing homes, however, is encouraging and should help to alleviate some of the inventory and affordability challenges that homebuyers encountered. As labor market conditions strengthen further and the consumer confidence continues to rise, the outlook for the market will remain positive.

UK MONTHLY MARKET BRIEFING: JULY 2021

The average rate of house price growth has risen to a 10-year high in Wales, Yorkshire & the Humber and the North East, and is very close to a decade-high in the North West and Midlands too – as shown in the chart below. These are some of the most accessible housing markets in the UK in terms of affordability, meaning there has been more headroom for price growth. Overall price growth may start to ease towards the end of H2, but it remain in positive territory, with the more affordable markets continuing to lead in terms of price uplifts.

MIAMI REALTORS MONTHLY MARKET SUMMARY - MAY 2021

Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the per cent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the number of sales in the same month in the previous year), rather than changes from one month to the next

LONDON QUARTERLY HOUSING MARKET REPORT: JUNE 2021

Asking rents in London are still well below the level of a year ago, driven by large falls in inner London, but are beginning to bottom out. Rental growth has been set back by five years or more in most parts of London, improving affordability relative to earnings in the city centre. The rate of house price growth in London is low compared to the rest of the UK, narrowing the gap between prices in London and elsewhere in the country. Prices have grown more for houses than for flats. Rightmove are reporting slower growth in asking prices, indicating that ...

GLOBAL INVESTOR SURVEY: MULTIFAMILY/RESIDENTIAL, JUNE 2021

HOUSING MARKET INDICATORS MONTHLY UPDATE: JUNE 2021

Purchases of new homes declined. New single-family home sales fell 5.9 percent to 769,000 units (SAAR) in May from a downwardly revised pace of 817,000 units in April but were still 9.2 percent higher than one year ago. New home sales are based on the signing of a purchase agreement rather than a closing, as is the case with existing homes. Note that monthly data on new home sales tend to be volatile. (Sources: HUD and Census Bureau)

ZUMPER NATIONAL RENT REPORT: JUNE 2021

After a year of stagnant growth, rent nationally is rising sharply now that the vaccine is allowing cities to reopen. Median one-bedroom rents rose 4.9 percent year-over-year, while two-bedrooms rose 6.5 percent. The Bay Area continues to see an accelerating rate of rent growth, suggesting that the signals of a rebound from earlier this year are now a trend that’s likely to continue. San Francisco posted the largest median one-bedroom monthly gain among the three major Bay cities at 5.3 percent

COMMERCIAL MARKET INSIGHTS JUNE 2021

The commercial real estate market continues to climb out from the economic fallout of the COVID-19 pandemic. Commercial real estate acquisitions during January through May 2021 rose 1% compared to one year ago as investors acquired multifamily properties, hotels, and seniors housing

NYSAR: MONTHLY INDICATORS - MAY 2021

As the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide, inventory remains much lower than it was at this time last year, and sales prices are surging as a result. New Listings were up 49.2 percent to 19,766. Pending Sales increased 91.3 percent to 15,775. Inventory shrank 18.5 percent to 40,776 units

EUROPE CRE 360: MAY 2021

In the Eurozone, governments were forced to maintain or tighten health restrictions as cases rose again. The timing of the recovery will depend essentially on the effectiveness of restrictive measures and the acceleration of vaccination campaigns. In Europe, the main recovery should be in H2 2021. The logistics occupier market increased by 19% in Q1 2021 and set a new record volume of transactions. Market fundamentals are healthy with low vacant space and strong demand boosted by e-commerce.

WEEKLY HOUSING MARKET MONITOR: MAY 17-20, 2021

Pending sales appear to be slowing while new listings are picking up. New contracts signed (pending sales) during the past four weeks ending May 16 slightly decreased by 3% compared to the prior 4-week period. On the other hand, new listings during the same period slightly rose contracted by 1.8%.

UK MONTHLY MARKET BRIEFING: MAY 2021

Average annual house price growth has been at +4% or above since last November, the highest levels of growth seen since 2017. Price growth is being underpinned by the ongoing mismatch between soaring demand and the limited supply of homes available for sale. House price are growing fastest in the Midlands, the North of England, Scotland and Wales, where affordability levels mean there is more headroom for home values to rise.

CALIFORNIA WEEKLY DATA: MAY 22, 2021

The public health crisis continues to fade as the number of new cases falls and the economy prepares to reopen more broadly on June 15th. General economic indicators continue to improve as well, and that is also expected to accelerate the service sector rebounds during the second half of the year. However, strong buyer demand continues to limit the uptick in supply, even as the number of sellers putting their homes onto the market also grows—inventory simply can’t keep up. This is causing home prices to continue to set new all-time highs, which together with gradually increasing mortgage ...

HOUSING MARKET INDICATORS MONTHLY UPDATE: APRIL 2021

Purchases of new homes rose to the fastest pace since 2006. New single-family home sales surged 20.7 percent to 1.021 million units (SAAR) in March from an upwardly revised pace of 846,000 units in February and were 66.8 percent higher than one year ago. New home sales are based on the signing of a purchase agreement rather than a closing, as is the case with existing homes. Note that monthly data on new home sales tend to be volatile

UK ECONOMIC OUTLOOK: JANUARY - APRIL 2021

Monthly GDP in the UK increased by 0.4% in February. This suggests that economic activity is around 8% below pre-Covid levels. Despite increasing 0.2% month-on-month, the service sector remained weak in February as the lockdown restrictions meant consumer-facing services remained closed. On the other hand manufacturing and construction output, which are less affected by the current set of restrictions, continued to grow strongly. High-frequency indicators point to a continued increase in activity in March, with credit and debit card spending and job advertisements trending notably higher. Coupled with the reopening of schools on 8 March (which will have ...

CALIFORNIA WEEKLY DATA: APRIL 24, 2021

The majority of the economic and market data remains positive, with several encouraging developments of late. April home sales remained robust through the weekend, fueled by ongoing growth in buyer demand. Additionally, rates have started to help out—falling below 3% for the first time in 7 weeks. The ongoing improvements in California’s public health numbers have enabled the economy to improve significantly as well. In addition to the uptick in jobs we reported on last week, the unemployment rate and new unemployment claims are both falling. There are still nearly 2 million workers on the state’s unemployment ...

COMMERCIAL REAL ESTATE TRENDS & OUTLOOK APRIL 2021

The commercial real estate market is recovering but remains weak compared to conditions before the COVID-19 pandemic, according to NAR commercial members who responded to the 2021 Q1 Commercial Real Estate Quarterly Market Survey and industry data. Acquisitions for large commercial real estate―properties or portfolios of at least $2.5 million ― fell 28% year-over-year in the first quarter of 2021, with transactions declining across all property types, except for hotel acquisitions. Investors could be acquiring hotels to convert into other uses such as multifamily housing.

ZILLOW MARKET PULSE: APRIL 30, 2021

The U.S. economy improved for the third straight quarter as consumers showed more willingness to spend. More people say they intend to buy a home in the coming months than at any time in the last 43 years. And a new program aims to offer more favorable refinance conditions to borrowers who have previously had a hard time qualifying.

NYSAR: QUARTERLY INDICATORS, Q1-2021

The real estate market in the first quarter of 2021 tends to be a good indicator of how the rest of the year will unfold. With strong buyer demand and low inventory across most market segments both locally and nationally, multiple offers were a common occurrence during the quarter as the weather warmed and COVID-19 restrictions began to ease, creating even more urgency in an already frenzied market.

WEEKLY HOUSING MARKET MONITOR: APRIL 26-29 2021

Existing-home sales in March 2021 fell 3.7% from the prior month to a seasonally-adjusted annual rate of 6.01 million as sales in all major regions declined. Sales are higher by 12.3% vs a year ago when home sales declined at the onset of the pandemic. Historic low levels of inventory of unsold homes at the end of January and February at 1.03 million (equivalent to about 2 months), may have impacted home sales in March. Rising home prices and an uptick in mortgage rates in March could also have caused some buyers to pull back.

CALIFORNIA WEEKLY DATA: APRIL 10, 2021

Optimism Remains High as Buying Season Begins: While the tight supply condition will likely continue at least in the next few months, California REALTORS® remain positive about their market outlook. Despite fewer members having a listing appointment in the past week, the share who expected listings to have a weekly increase reached 55.7%, the highest level since late July. REALTORS® also felt positive about the demand side of the market. More than half (54.8%) believed sales would go up in the following week, while nearly three quarters (72.1%) thought prices would rise. Both levels were the highest ...

WEEKLY HOUSING TRENDS VIEW — DATA WEEK APRIL 10, 2021

We’re now at a period where the year ago comparisons we’re making are against the early days of the pandemic when the real estate market, like many of the sectors of the economy, largely hit pause. When comparing today’s frenzied market to last year’s frozen market, the differences are going to be large. While home prices never declined, they were flat this time last year, which is one of the reasons we’re seeing home prices register such large gains compared to that time

NEW YORK CITY METRO REPORT: APRIL 2021

The Zumper New York City Metro Area Report analyzed active listings in March 2021 across 29 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The New York one bedroom median rent was $1,842 last month.

WEEKLY HOUSING MARKET MONITOR: APRIL 12-15, 2021

During the past four weeks ending April 11, new pending listings or contracts signed (pending sales) rose 58% from one year ago. New pending listings are outpacing the 26% increase in new listings that came into the market in the past four weeks. The high year-over-year growths are arising from the low level of transactions during March through June last year when the economy was in a lockdown under stay-in-place orders to control the COVID-19 pandemic.

CBRE: CENTRAL LONDON OFFICE, Q1 2021

transactions for the first time since the pandemic started, but at 1.3m sq ft, take-up was 56% below the 10-year quarterly average. Availability continued to increase over the period, growing by 12%, to stand at 25.3m sq ft. This was reflected in the Central London vacancy rate which increased to 8.9% in Q1.

CALIFORNIA WEEKLY DATA: APRIL 3, 2021

As we enter the traditional home buying season, REALTORS® remain upbeat about the current housing market conditions. There are reasons to feel good about the market, despite rates rising high in recent weeks. With a strong growth in employment in March and a surge in consumer confidence to the highest level in the year, the economy is slowly recovering and life is hopefully getting back to somewhat “normal” in the second half of the year. Tight supply, however, remains a concern as it continues to hold back demand and continues to put pressure on affordability.

ZUMPER NATIONAL RENT REPORT: APRIL 2021

A year out from the start of the COVID-19 pandemic in the US, the rental market has shifted. Notably, rent prices dropped dramatically in the country’s most expensive cities and went up in historically cheaper, mid-sized cities. This change was largely brought on by a migration of people out of larger cities in 2020 for various reasons stemming from the pandemic.

UK MONTHLY MARKET BRIEFING: APRIL 2021

The latest Zoopla data on rents shows that average rents outside London rose by 2.6% in the year to February, up from 2% in December last year, as demand for rental property continues to outstrip supply. Rents are rising most strongly in the North East, up 5.2%, and the South West, up 5%, while they are lagging in the West Midlands, up just 0.5% on the year.

WEEKLY HOUSING MARKET MONITOR: MARCH 29- APRIL 1, 2021

In 2017, the National Association of REALTORS® took its first look at member business through the lens of gender and race. The report provided insights into differences in why members entered the field, skills important for the field of real estate, areas in which members worked, the typical number of transactions, sales volume, and the income differences. The 2021 report expands these topics and scope.

HOUSING MARKET INDICATORS MONTHLY UPDATE: MARCH 2021

National housing market indicators available as of March showed activity in housing markets slowed overall, but most remained stronger than one year ago. Housing market activity has been strong as buyers take advantage of record-low mortgage rates. Trends in some of the top indicators for this month include:

WHAT DOES THE BREXIT DEAL MEAN FOR UK REAL ESTATE? MARCH 2021

With the dust now settling on the Brexit deal, this report explores the effect of the deal on real estate. On the following pages we look, in turn, at each of the key aspects of Brexit – including trade in goods and services, labour markets, and a selection of other key issues. Of course, Brexit is not actually fully settled yet. A range of grace periods, transitional timelines, and unfinished business mean that some sectors of the economy, notably financial services, are still (at least partly) in the dark about what Brexit means for them.

CALIFORNIA WEEKLY DATA: MARCH 20, 2021

The economy continues to improve and the public health crisis is slowly inching its way toward the finish line as more Californians receive the vaccine. However, interest rates continue to increase and that has caused the pace of growth in new mortgage applications to cool from the 30% growth that we experienced during much of the second half of 2020. Home sales remain strong and REALTOR® in California remain optimistic, but many economic headwinds remain.

CBRE: UK OFFICES VIEWPOINT, MARCH 2021

The Covid-19 pandemic is likely to change the way we occupy office space in the future. Sentiment surveys suggest that employees will seek to more flexible working patterns in the future and this has implications for office demand and therefore values. CBRE’s latest ViewPoint seeks to quantify this change and answer the question: Will working from home change the Central London office market?

WEEKLY HOUSING MARKET MONITOR: MARCH 15-18, 2021

Millennial buyers 22 to 30 years (Younger Millennials) and buyers 31 to 40 years (Older Millennials) continue to make up the largest share of home buyers at 37%: Older Millennials at 23% and Younger Millennials at 14% of the share of home buyers. Millennials have been the largest share of buyers since the 2014 report. Buyers 41 to 55 (Gen Xers) consisted of 24% of recent home buyers.

WEEKLY HOUSING MARKET MONITOR: MARCH 1-4, 2021

With fewer listings on the market, contracts signed (pending sales) during the past four weeks ending February 28 were 1% lower compared to the level one year ago (2% y/y in the prior week). New listings during the past four weeks declined 16% from one year ago (-15% y/y in the prior week). Demand is strong, but there’s little new supply coming in: there are nearly 10 new contract signings per every 10 new listing, so any new inventory does not sit long on the market.

UK MONTHLY MARKET BRIEFING: MARCH 2021

The Chancellor confirmed the stamp duty extension at the Budget, meaning that 234,000 buyers who agreed a sale from late last year to early March, who may not have expected to benefit, will now save nearly £1 billion if they complete by the end of June. The tapering announcement of further savings on the first £250,000 of any transaction also means that hundreds of thousands of buyers will benefit from savings of up to £2,500 if they agree a sale over the Spring, allowing four months for completion.

ZUMPER NATIONAL RENT REPORT: MARCH 2021

Some of the most popular destination cities in 2020 were relatively cheaper cities that neighbored significantly more expensive markets. This resulted in pairs of neighboring cities where renters rejected the expensive market in favor of the relatively cheaper one- which in turn caused prices to drop in the expensive market and spike in the cheaper one. The price effects of this phenomenon are still felt in these markets despite slowing trends. The chart below shows some of the most prominent of these “city-pairs” and how price trends have diverged each from a year ago.

CALIFORNIA WEEKLY DATE: FEBRUARY 21 - 27

The sharp rise in interest rates caused the market to slow somewhat over the past two weeks. However, rates remain low by historical standards and fears about inflation, which have been bolstered by the probability of a new round of pandemic relief, are likely overblown. Interest rates remain very low by historical standards, and although inventory remains tight, buyer demand remains strong. In addition, there have been several encouraging economic reports this week so the housing market should remain relatively robust, albeit growing at a slower pace than we saw the previous six months.

QUARTERLY LONDON HOUSING MARKET REPORT

Data from Indeed indicates that the number of online job ads in London has so far recovered more slowly than in the rest of the UK, while proportion of ads for remote work has risen faster in London than elsewhere. These trends together suggest that employee demand for homes in central London will take some time to return – although the cheaper rents in central areas will also attract some people who had previously been priced out, so the net change in population may not be as large as expected.

UK RESIDENTIAL PROPERTY MARKET | FEBRUARY 2021

This paper brings together a selection of economic and residential market data that can be used to assess how the housing market is performing. Each metric is evaluated in turn and accompanied by a snake or ladder to reflect whether it is positive for the housing market. All data is the latest available as of 03 February 2021, arrows on the summary page indicate movement since the last data release.

REALTORS CONFIDENCE INDEX SURVEY: FEBRUARY 2021

Several metrics indicate a continued strong buyer market but inventory remains low. The REALTORS® Buyer Traffic Index increased from 76 in January 2021 to 77 (very strong conditions) in February 2021 while the REALTORS® Seller Traffic Index remains below 50 which is “weak” traffic compared to the level one year ago. Every home sold had more than four offers. On average, REALTORS® expect home prices in the next three months to increase nearly 6% from one year ago and sales in the next three months to increase 3% from last year’s sales level.

WEEKLY HOUSING MARKET MONITOR: FEBRUARY 15-18

Contracts signed (pending sales) during the past four weeks ending February 14 rose at a slower annual pace of 7% from one year ago (9% in the prior week). New listings during the past four weeks declined 12% from one year ago (- 10% in the prior week). There are nearly 10 new contract signings per every 10 new listing, so any new inventory does not sit long on the market.

ZILLOW FEBRUARY 2021 MARKET REPORT

In February, home value growth continued to accelerate, the rental market showed some signs of recovery but is likely to remain challenging for certain hard-hit renters in less-pricey areas, and inventory continued to plumb new lows, according to the February 2021 Zillow Real Estate Market Report. The typical U.S. home value rose to $272,446 in February, up 9.9% from a year ago the fastest annual growth since April 2006, accelerating from already-quick annual growth of 9.1% in January

HOUSING MARKET INDICATORS MONTHLY UPDATE: FEBRUARY 2021

National housing market indicators available as of February showed U.S. Department of Housing and Urban Development activity in housing markets overall improved. Housing market activity has been strong as buyers take advantage of record-low mortgage rates. Trends in some of the top indicators for this month include:

NYSAR: MONTHLY INDICATORS - FEBRUARY, 2021

Mortgage interest rates ticked a bit higher in February, but remain below their February 2020 levels. Interest rates may rise a bit further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3 percent range for the year.” With rates still at historically low levels, home sales are unlikely to be significantly impacted, though higher rates do impact affordability.

FLORIDA REALTORS: MONTHLY MARKET DETAIL - FEBRUARY 2021

CALIFORNIA MONTHLY SALES AND PRICE STATISTICS: FEBRUARY 2021

MARKET REPORT | MONTHLY NEWSLETTER | KT2 LONDON

February 2021 | In England, prices climbed 8.5% to £269,000, with London seeing a increase of 3.5% over the same period, Surrey has seen an exodus of buyers leaving the capital in search of space and value in areas within an hours commute to London. A range of factors contribute to the recent price increase.

PALM BEACH, LOCAL MARKET UPDATE – LOCAL MARKET UPDATES

Latest Market Data from Broward, Palm Beaches & St.Lucis. Key Metrics & Median sales pricing for Condos, Townhomes, Single Family | Including Wellington, Palm Beach, West Plam Beach & Jupiter

REBNY: RESIDENTIAL SALES REPORT Q4 2020

The Citywide residential transaction volume also decreased year-overyear, declining from 10,057 to 9,397 sales, representing a 7% drop. Three of the five boroughs experienced a decrease in the number of transactions year-over-year. After three consecutive quarters of declining transactions, Q4 2020 represented a 49% increase from the previous quarter. Borough Year-Over-Year Change in Number of Transactions

CALIFORNIA WEEKLY DATA : JAN 31-FEB 6, 2021

Housing demand is stronger than normal so far in 2021, while tight supply continues to put upward pressure on housing values. Robust price growth will not ease up until some balance between supply and demand is restored. Recent survey results suggest that the housing market could be getting more listings in the coming weeks, possibly because of the improving pandemic situation and a recovering economy.

FLORIDA REALTORS® REAL ESTATE TRENDS: HOUSING SUPPLY, AFFORDABILITY KEY IN 2021

Homebuilding experienced “a surprise year of growth” in 2020 despite the pandemic, but new home construction this year will be constrained by supply side factors like higher lumber costs, a shortage of lots and regulatory issues, according to Dr. Robert Dietz, chief economist and senior vice president for economics and policy for the National Association of Home Builders (NAHB). Dietz was one of several real estate economic experts who spoke to 424 Realtors® and attendees during Florida Realtors®’ virtual 2021 Florida Real Estate Trends summit on Feb. 4.

ZILLOW 2020 URBAN/SUBURBAN REPORT

Suburban homes sold faster than urban homes by the end of 2020, but home value growth, sales volume and Zillow web traffic in urban areas has kept pace with or exceeded levels in suburban areas. Urban home value growth outperformed the suburbs in much of the Midwest, where homes are typically less expensive near city centers. In some of the most-expensive markets, including New York and San Francisco, urban housing demand softened relative to the surrounding suburbs. Urban rent growth fell behind growth in the suburbs in 2020, but Zillow expects urban rents to quickly recover as the pandemic subsides.

CALIFORNIA HOUSING MARKET REPORT & PREDICTIONS 2021

The California housing market is recovering slowly. Rent price declines have flattened in the Bay Area, and home prices are expected to rise in February. 60% of California Realtors® feel prices and listings will be rising this week in February. Growing vaccinations are likely raising buyers’ and investors’ intent and action, yet listings are shrinking. Year over year, prices and sales of homes are well up. Despite this terrible pandemic, a severe housing shortage, and a shrinking California economy, the housing market is beginning its turnaround.

CBRE: MANHATTAN MARKETVIEW- FEBRUARY, 2021

Monthly leasing activity totaled 233,000 sq. ft., 41% below the five-year monthly average of 397,000 sq. ft. Year-to-date leasing activity was down 42% compared to the same period last year. Renewal activity totaled 31,000 sq. ft. in January. The availability rate rose 200 basis points (bps) from last month to 17.1% and was up 460 bps from one year ago. Net absorption was negative 1.80 million sq. ft. in January. At $61.17 per sq. ft., the average asking rent was essentially flat from the prior month and down 3% from one year ago.

HOUSING MARKET INDICATORS MONTHLY UPDATE: JANUARY 2021

National housing market indicators available as of January showed activity in housing markets overall improved. Housing market activity has been strong as buyers took advantage of record-low mortgage rates and the economy reopened more broadly. Trends in some of the top indicators for this month include: Purchases of new homes increased. New single-family home sales rose 1.6 percent to 842,000 units (SAAR) in December from a downwardly revised pace of 829,000 units in November and were 15.2 percent higher than one year ago. New home sales are based on the signing of a purchase agreement rather ...

UK MONTHLY MARKET BRIEFING: FEBRUARY 2021

UK house prices are continuing to climb, despite a roller-coaster year in 2020. The main driver of this upward pressure on pricing is a continued rise in demand. Buyer demand in the first two weeks of the year was 13% higher than the start of 2020 (and that was a very busy time in the market). At the same time, the new lockdown enforced after Christmas means that some sellers are pressing pause on their sale. This means that new supply of homes listed for sale is down 12% year-on-year. We expect these homes will come to market once COVID-19 ...

ZUMPER NATIONAL RENT REPORT: FEBRUARY 2021

Outside of the SF Bay Area, we saw prices drop dramatically in the nation’s most expensive cities throughout 2020, while modestly priced, mid-sized cities grew significantly as renters migrated from historically costly cities to cheaper, often neighboring places. This trend appears to have slowed considerably as well. The median 1-bedroom price in the top 8 most expensive cities, denoted by the dark blue line in the chart below, took a nosedive starting around July of 2020. That decline ramped up through about October, but has slowed down to an almost-flat monthly growth rate by January, 2021. The result is ...

WEEKLY HOUSING MARKET MONITOR: FEBRUARY 1-4 2021

Preliminary data on contracts signed (pending sales) during the past four weeks ending January 31 rose at a slightly faster annual pace of 9% (7% in the prior week) as the pace of listings (active and pending) also picked up. The number of new listings (active and pending) of properties during the past four weeks ending January 31 is 10% lower from one year ago, but this is a smaller rate of decline compared to last week’s rate of change (-12%). There are nearly 10 new contract signings per every 10 new listing, so any new inventory does not ...

REAL ESTATE AND CONSTRUCTION INDUSTRY OUTLOOK, WINTER 2021

From suburban migration to the impact of e-commerce on retail, the real estate market is rife with change and opportunity for savvy participants set to pivot and meet evolving needs. Meanwhile, construction is set to benefit from a boom in housing, the renovation of industrial space and impending infrastructure spending under a new administration.

NEW JERSEY - MONTHLY HOUSING MARKET STATISTICS | JANUARY 2021

January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units. The Mortgage Bankers Association’s January research estimates approximately 2.7 million homeowners with mortgages are currently in forbearance plans. Some of these homes may eventually come to market, but given the strong appreciation in most market segments in recent years, these eventual home sales are likely to ...

CALIFORNIA: JANUARY 2021, SALES AND PRICE REPORT

After hitting a record high price the previous month, California’s median home price dipped below the$700,000 benchmark in January. The statewide median home price declined 2.5 percent on a month-to-month basis to $699,890 in January, down from December’s $717,930. Low rates and tight supply continued to push up home prices on a year-over-year basis, gaining 21.7 percent from the $575,160 recorded last January. The double-digit increase from last year was the sixth in a row and the largest since February 2014.

ZILLOW JANUARY 2021 MARKET REPORT

Annual growth in home values was faster in January than at any point since the years preceding the 2008 Great Recession — a sign that the red-hot housing market of 2020 did not lose any heat as the calendar turned to 2021. The U.S. Zillow Home Value Index (ZHVI) rose to $269,039 in January, up 1.1% from December and matching December’s all-time record for monthly growth dating to 1996. The typical U.S. home was worth 9.1% more in January 2021 than it was in January 2020, the fastest annual pace recorded by ZHVI since June ...

UK HOUSE PRINCE INDEX SUMMARY | Q4 2020

UK average house prices increased by 7.6% over the year to November 2020, up from 5.9% in October 2020, to stand at a record high of £250,000; this is the highest annual growth rate the UK has seen since June 2016. Average house prices increased over the year in England to £267,000 (7.6%), Wales to £180,000 (7.0%), Scotland to £166,000 (8.6%) and Northern Ireland to £143,000 (2.4%). London’s average house price surpassed £500,000 for the first time in November 2020. The North East is the final English ...

CBRE: MARKETVIEW Q4 2020 MIAMI OFFICE

Miami business leaders have been actively recruiting out-of-state companies offering cash incentives over a long-term period, which would in turn, bring dozens of high-paying jobs. Together with the income tax benefits which make Florida a lucrative and attractive option, these business development strategies have been effective. There have been a growing number of private equity firms relocating to the area in the last several years, and more recently, some large financial services firms have been touring the market and relocating to the area.

WEEKLY HOUSING MARKET MONITOR: JANUARY 18-21, 2021

Preliminary data on contracts signed (pending sales) during the past four weeks ended January 17 were down 10% compared to one year ago due to low level of new listings. New listings during the past four weeks ended January 17 were 11% lower compared to one year ago. There are 10 new contracts signed per every 10 new listing, so any new inventory does not sit long on the market.

MONTHLY MARKET BRIEFING | JAN UK

UK house price inflation has risen to 3.9% and could reach 5% early this year before easing throughout the rest of 2021. However, the value of all residential property is not rising evenly. As well as geographical variations, the type of home has also become increasingly important when it comes to price performance. The search for space among buyers, a near-constant theme in the market after the initial lockdown last year, means that demand for houses – with their additional internal and external space – has pushed up prices for these type of homes faster than for flats. The scale of ...

CBRE: U.S. MARKET DEVELOPMENT OPPORTUNITIES 2021

FLORIDA REALTORS: MONTHLY MARKET DETAIL - JANUARY 2021

Florida Realtors Monthly Market Data Reporting | Monthly Market Detail, Closed Sales and Median Pricing Data. Townhouses and Condos

CALIFORNIA WEEKLY DATA, DECEMBER 27 - 2 JANUARY 2021

California’s 2020 Market Stats on Track to Close with More Growth Than Expected: The California Association of REALTORS® is still finalizing its numbers for December of 2020, but preliminary estimates suggest that the year ended with roughly 3% more home sales that occurred the previous year. Although not an impressive rate of growth by typical standards, given that activity virtually ceased during April and May when home sales were falling by more than 20%, it shows how strong the housing recovery was during the second half of 2020.

ZUMPER NATIONAL RENT REPORT: JANUARY 2021

Despite massive price drops in the country’s most expensive rental markets in 2020, the list of the 10 most expensive markets remained roughly the same. This is largely due to just how much more expensive these rental markets were than the rest of the country. Recently, however, a few cities have dropped out of this relatively consistent list and have been replaced

UK MONTHLY MARKET BRIEFING: JANUARY 2021

UK house price inflation has risen to 3.9% and could reach 5% early this year before easing throughout the rest of 2021. However the value of all residential property is not rising evenly. As well as geographical variations, the type of home has also become increasingly important when it comes to price performance. The search for space among buyers, a near-constant theme in the market after the initial lockdown last year, means that demand for houses – with their additional internal and external space – has pushed up prices for these type of homes faster than for flats. The scale of ...

REBNY: RESIDENTIAL SALES REPORT Q3

In the third quarter of 2020, the New York City average residential sales price, which covers condominiums, cooperatives, and one-to-three family homes, was $1 million - a 4% decline year-over-year. From Q3 of 2019, total residential sales volume, or consideration, decreased from $12.2 billion to $6.5 billion, representing a 47% drop. The decline in the total consideration occurred in all five boroughs. The Citywide residential transaction volume also decreased year-over-year, declining from 11,475 to 6,305 sales, representing a 45% drop and a second consecutive quarterly historic low. All five boroughs experienced a decrease in the number of ...

FLORIDA REALTORS: MONTHLY MARKET DETAIL - DECEMBER 2020

FLORIDA REALTORS: NOVEMBER 2020 EXISTING HOME/CONDO SALES

NYSAR: MONTHLY INDICATORS - NOVEMBER 2020

November saw the Dow Jones Industrial Average top 30,000 for the first time, while mortgage rates reached new record lows again. These new records have provided encouragement for buyers to move forward on home purchases, which continued to remain strong overall for the month. New Listings were up 9.8 percent to 12,751. Pending Sales increased 32.3 percent to 12,405. Inventory shrank 20.5 percent to 48,054 units. Prices moved higher as the Median Sales Price was up 21.9 percent to $335,000. Days on Market decreased 11.4 percent to 62 days. Months ...

HOUSING MARKET INDICATORS MONTHLY UPDATE: NOVEMBER 2020

National housing market indicators available as of October showed activity in housing markets improved overall. Housing market activity has rebounded as buyers take advantage of record-low mortgage rates and the economy reopens more broadly with the lifting of COVID-19 restrictions adopted by many states in mid-to-late March

UK MONTHLY MARKET BRIEFING: DECEMBER 2020

Our data has been clearly showing that there has been a rise in buyers and renters looking for homes with more space ever since lockdown back in March. We have examined in previous reports the rise in demand for 3-bed, 4-bed and 5-bed homes for sale, how rental houses are being let out more quickly than flats across the UK outside London, and how Gardens top the list of search terms among those looking to move. New data shows this trend shows no sign of abating. There has been a rise in the number of searches for keywords which signify ...

REALTOR.COM: 2021 HOUSING MARKET FORECAST AND PREDICTIONS

To say 2020 was a year of surprises is an extreme understatement. What started off as a bright year for the housing market and the economy was soon derailed by a global pandemic and severe economic recession. As detailed by my colleague, George Ratiu, the economic rebound has been sharp, but is by no means complete and created distinct winners and losers among sectors in the economy. Read more detailed thoughts on the overall economic context and outlook, here. One of the big winners has been the housing market, which saw home sales and prices hit decade-plus highs following decade ...

ZUMPER NATIONAL RENT REPORT: DECEMBER 2020

Price decreases slowed on average for the 3rd consecutive month in expensive markets, indicating that prices in these cities may be approaching a floor and stabilization could happen in the near future. Monthly growth rates in median 1-bedroom prices in the nation’s top 7 rental markets were on average 0.8 percentage points higher than the month prior, which is the highest average growth rate change in these markets all year. Notable outliers to this trend were San Francisco and New York City, the nation’s two most expensive rental markets, which both had lower growth rates last month ...

NATIONAL RENT REPORT, DECEMBER 2020

National median one- and two-bedroom apartment rent prices rose more significantly in December as one-bedrooms gained 0.55 percent to end the year with a 3.04 percent gain, and two bedrooms tacked on 0.89 percent to end 2020 with a 1.71 percent increase. As we have seen since March, rents in big cities like San Francisco, CA and New York, NY continued to fall while rents in smaller locales like EL Paso, TX and Syracuse, NY moved upward. The numerical spread between the first and last cities on our one-and two-bedroom gainers lists widened, while the spread ...

COMMERCIAL MARKET INSIGHTS NOVEMBER 2020

Needless to say, the outlook for the commercial real estate market depends crucially on when a vaccine is discovered, how long it will get fully disseminated, and the evolution of the work from home culture. It appears that there will be a bigger impact only if companies allow their workers to work from home permanently as workers will want to permanently relocate to less expensive cities. This issue looks at the latest trends across the commercial property markets (multifamily, office, industrial, and retail) and features two pieces on apartment rent trends and how financial volatility impacts commercial sales and prices.

NYC RGB: RENTS, MARKETS & TRENDS 2020

This year, the PIOC for all rent stabilized apartments increased by 3.7%. Increases occurred in all PIOC components, except Fuel. The largest proportional increase was seen in Insurance (16.5%), followed by Taxes (5.9%), Maintenance (4.8%) and Administrative Costs (3.5%). More moderate increases occurred in the Labor Costs (3.2%) and Utilities (1.6%) components, while Fuel was the only component to decline (12.3%). The growth in the Consumer Price Index (CPI), which measures inflation in a wide range of consumer goods and services, during this same time period was lower than the PIOC, rising ...

EUROPE 2021: EMERGING TRENDS IN REAL ESTATE

The COVID-19 pandemic has been described as a classic black swan event that no one could have predicted. Though the global economy is expected to recover from this exogenous shock and eventually resume its prior course, for the real estate industry, COVID-19 is a game changer. As Emerging Trends in Real Estate Europe reveals, property professionals are coming to terms with the idea of a world where we can expect more working from home, more online shopping, and less international travel— all of which strike at the heart of how the industry serves its customers and conducts its business.

2020 WEEKLY HOUSING MARKET MONITOR, NOVEMBER 16-19

October existing home sales hit 6.85 million. the second all-time high level (tied with Feb 2006) since this series started in Jan 1999. The all-time high is 7.26 million in September 2005. Sales rose 4.3% from September’s level and up 26.6% year-over-year. Weekly Housing Market Monitor Year-to-date sales of 4.61 million have surpassed last year’s sales by 2.3%, with lost sales in the spring now fully recovered.

NY STATE HOUSING MARKET DATA - OCTOBER 2020

All gures compared to year over year adjustments and compiled from multiple listing services in the state of New York. The data include townhomes, condominiums and existing single-family homes.

NEW JERSEY - MONTHLY HOUSING MARKET STATISTICS | OCTOBER 2020

October continued to be busier than the calendar normally suggests. Buyer activity remains higher than normal for this time of year, while in many segments of the market housing supply remains much lower than one year ago. Multiple offers remain a common occurrence in many areas, keeping housing hot while the temperatures continue to fall.

CAR: THIRD QUARTER CALIFORNIA HOUSING AFFORDABILITY

LOS ANGELES (Nov. 12) – Double-digit home price increases fueled by a shortage of homes for sale pushed California’s third quarter housing affordability to its lowest level in nearly two years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) https://www.car.org/ said today. The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in third-quarter 2020 fell to 28 percent from 33 percent in the second quarter of 2020 and was down from 31 percent in the third quarter a year ago, according to C.A.R.’s Traditional Housing Affordability ...

US REAL ESTATE MARKET OUTLOOK: 2021

2020 will be remembered as a year of extremes, from GDP’S unprecedented 31.4% drop in Q2 to its remarkable 33.1% growth in Q3. While continued recovery depends on a medical solution to COVID-19 and on additional government stimulus, GDP is expected to end 2020 down by only 4.0%, followed by a 4.5% rebound in 2021. For more details on which sectors may continue to thrive and which may experience a lag in recovery, explore the full report.

CALIFORNIA WEEKLY DATA, NOVEMBER 1-9 2020

The economy continues to take strides forward as the national unemployment rate dipped below 7% in October for the first time since the crisis began and the labor market added 638,000 jobs back to its nonfarm payrolls. The housing market remains unseasonably strong with buyer demand, closed sales, and home prices rising. We also had an announcement from Pfizer this week about the prospects of a viable vaccine that could be widely available by April, which could significantly bolster the economic recovery.

FLORIDA REALTORS: QUARTERLY MARKET DETAIL - Q3 2020

Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a quarter's sales to the amount of sales in the same quarter in the previous year), rather than changes from one quarter to the next.

WEEKLY HOUSING MARKET MONITOR: NOVEMBER 9-12, 2020

Amid sustained job growth and with the 30-year fixed mortgage rate at below 3%, contract signings for existing homes increased 18.5% year-overyear during the past four weeks ending November 8. * Preliminary data based on a limited number of MLS Weekly Housing Market Monitor This is somewhat slower than the pace in the prior week (22% in the prior 4-week period). New listings also rose at a slower pace of 3.7% yearover-year (5% in the prior 4-weekperiod).

ZILLOW WEEKLY MARKET REPORT: NOV. 7TH

A greater share of homes sold above their list price in September (22.4%) than in any month since at least January 2018, another byproduct of incredibly strong buyer demand. Nationwide, the typical home that sold above list price in September fetched a 4.9% premium. Interestingly, while the share of homes sold above list nationwide in September was far above last year’s levels, the amount those U.S. listings ultimately fetched beyond the initial list price (on a relative percentage basis) was slightly lower than a year ago — down 6.1%.

WEEKLY HOUSING MARKET MONITOR: NOVEMBER 2-5, 2020

Even as home prices have increased, the decline in mortgage rates has lowered the monthly mortgage payment on a typical single-family home to $1,048, which is below the estimated median rent in October of $1,161. Mortgage rates are expected to remain low for quite some time, as the Federal Open Market Committee reiterated on August 27 its long-run policy of anchoring monetary policy to achieving an average long-run inflation of 2% and promoting maximum employment. In September, inflation slightly rose to 1.4%. The unemployment rate has further fallen to 7.9% in September but it remains elevated ...

MARKETVIEW: LONG ISLAND OFFICE, Q3 2020

Amid an uncertain, COVID-19 impacted economic slow-down and presidential election period, the Long Island office market had a sluggish third quarter. Limited leasing activity and a surge of new space becoming available led to a second consecutive quarter of negative net absorption totaling 177,000 sq. ft. Additionally, with just 322,000 sq. ft. of leasing activity, Long Island fell 29% below its five-year quarterly leasing average and 9% below Q2 2020. New space coming available contributed to a 60-bps increase in the availability rate quarter-over-quarter to 11.2%, back to the same level recorded a year ago. The overall ...

UK MONTHLY MARKET BRIEFING: NOVEMBER 2020

The spread of house price growth across the country have narrowed, as increased demand and activity supports pricing in many parts of the UK. A year ago, in September 2019, the largest annual price rise in the 20 key cities was in Leicester, with a price rise of 4%. At the other end of the spectrum was Aberdeen, where prices were down -4.4%, giving a spread of 8.4%. This September, the spread had narrowed to 6%, with the largest price rise of 5.1% in Nottingham compared to a decline of -0.9% in Aberdeen. Average house price ...

ZUMPER NATIONAL RENT REPORT: NOVEMBER 2020

The price gap in 1-bedroom median prices between the nation’s 2 most expensive cities increased last month for the first time since April. While both San Francisco and New York decreased in price from the prior month, San Francisco’s monthly decrease slowed to -1.1% from -6.9% the month prior, while New York’s was at -1.9% compared to -3.7%. The slowed monthly decreases in the two cities last month could be an indication that price drops in these places are reaching their floor, and prices could stabilize in the near future. If this is ...

UK HOUSE PRICE INDEX: OCTOBER 2020

Annual house price growth rose to 5.8% in October – its highest level since January 2015. UK house prices rose 0.8% month-on-month in October after taking account of seasonal effects, following a 0.9% rise in September. Data suggests that the economic recovery has lost momentum in recent months with economic growth slowing sharply to 2.1% in August, down from 6.4% in July, despite a strong boost to the hospitality sector from the Eat Out to Help Out scheme, which has since expired.

Q3 2020 MANHATTAN OFFICE MARKET REPORT

With a 45% increase in leasing activity quarter-over-quarter, the market still lags behind year-over-year volume. Over 2 million square feet of sublease space was added to the market in Q3, which will continue to push rents down as demand slips. Concession trends are showing tenant improvement allowances above $100 per square- foot and between 12-14 months of free rent.

RICS/CI PORTUGUESE HOUSING MARKET SURVEY

The September 2020 RICS/Ci PHMS results remain consistent with a generally subdued backdrop across the sales market, as consumer confidence continues to be negatively impacted by the pandemic. Nevertheless, in the lettings market, demand does appear to be recovering, with feedback pointing to a second successive monthly improvement. At the headline level, a net balance of -11% of respondents cited a fall in new buyer enquiries during September. This is more or less unchanged from the reading of -10% posted last month and continues to signal generally soft momentum behind buyer demand at present. When looking at the regional ...

GLOBAL MARKETFLASH: COMMERCIAL REAL ESTATE INVESTMENT INCREASES IN Q3

A gradual recovery has begun in commercial real estate investment. Global property sales grew 23% quarter-over-quarter in Q3 to US$147 billion, lifted especially by a 34% rebound in the U.S. On a year-over-year basis, global investment volume fell by 48% in Q3 and 31% year-to-date. Investor sentiment has risen greatly in Asia, where the rate of COVID-19 infections has eased. The same was true in parts of Europe, but a recent resurgence of infections in countries like France and Italy threatens to derail the recovery. In the Americas, despite the broader economic recovery, investors remain in a period ...

NATIONAL RENT REPORT, OCTOBER 2020

Apartment Guide’s October 2020 Rent Report highlights year-over-year rent trends and price fluctuations that renters may be experiencing in various parts of the United States. We compare rent prices for studio, one-bedroom, two-bedroom and, at times, three-bedroom apartments to determine which unit types and which of the country’s most populated cities are becoming more affordable or more expensive for renters. We also offer a key few takeaways and insights — such as whether or not markets with the largest rent increases are also those with the most expensive rent prices, and which regions of the country are most favorable ...

2020 WEEKLY HOUSING MARKET MONITOR OCTOBER 26-29

Contracts signings in the month of September fell slightly from August’s level. The Pending Home Sales Index notched down to 130, a 2.2% decrease from August. Year-over-year, the index was still up 20.5%.Only the Northeast recorded an increase in contract activity compared to August (2%) while signings fell in the Midwest (-3.2%), the South (-3%), and the Midwest (-2.6%). Lack of inventory and rising prices are the likely factors that led to the decline in contract signings.

UK ANALYSIS | OCTOBER 2020

UK house price growth hits two and a half year high. • High demand over the summer has created a sales pipeline that is 50% bigger than a year ago. There are 140,000 more sales in the system than usual creating operational pressure on lenders, valuers and conveyancers. • The flow of new demand is starting to moderate, returning to pre COVIDlevels although still >40% higher than a year ago. • The supply of homes for sale is 18% higher than this time last year as buyers list their homes for sale – up to 39% higher in London. • The recession and rising ...

LOS ANGELES - Q3 2020

Commercial real estate leasing activity continues to decline at a historic rate as the world economy deals with COVID-19 and the uncertainty surrounding the United States election. The office market has seen a dramatic influx of available sublease space over the last six months, a predictable sign of a weakening office market. Real estate strategy for most occupiers has shifted towards short-term, flexible lease extensions. Real estate fundamentals are evolving, and we are seeing most landlords offer more aggressive economic concessions to retain and attract tenants.

EUROPE CRE 360: OCTOBER 2020

As most countries across Europe witness a resurgence in COVID-19 cases, many are now instituting new restrictive measures. If we are still forecasting a rebound of the global GDP growth in 2021, risks remain, however, skewed to the downside. Foreign investment experienced a bigger shock than domestic investment, particularly from Americas, Middle East, Asia Pacific while European investment showed more resilience. This benefited domestic investment that showed more resilience. After a summer favourable for consumption’s recovery, the retail industry is now depending on the outcome of the second wave. Another slowdown is already happening and tougher measures may accelerate ...

COMMERCIAL REAL ESTATE TRENDS & OUTLOOK OCTOBER 2020

The Commercial Real Estate Trends & Outlook Report discusses trends in the small commercial market or transactions that are typically less than $2.5 million. This report is based on information collected from NAR’s 2020 Q3 Commercial Real Estate Quarterly Market Survey about the commercial transactions of REALTORS® and members of NAR’ commercial affiliate organizations (CCIM, SIOR, RLI, IREM, and the Counselors of Real Estate) during the third quarter of 2020. The survey was sent to approximately 76,000 commercial REALTORS® and members of affiliate organizations during October 1–18, 2020, of which 658 provided answers to at least one ...

2021: EMERGING TRENDS IN REAL ESTATE

A significant single-family-housing market trend emanating from the COVID-19 pandemic is “the Great American Move.” People (and businesses) are moving in all sorts of ways—to different geographies, from denser cities to the suburbs, from an apartment to a home, and, for some, back “home” to live with family members. There is no better evidence of the Great American Move than the booming single-family-housing markets—especially in the more attainably priced areas of the United States. Some observers argue that large events, like a pandemic, do not create new trends but rather accelerate existing ones. That certainly seems to be ...

ZUMPER NATIONAL RENT REPORT: OCTOBER 2020

Expensive cities continued to decrease in rental prices last month, with yearly drops largely led by the nation’s seven most expensive cities: San Francisco; New York; Boston; San Jose; Oakland; Los Angeles; and Washington D.C. The growth rate in median 1-bed prices averaged -12.7% in these seven cities compared to -10.4% last month. Decreases in these cities and other expensive markets contributed to the continued trend of historically expensive cities getting closer in price to historically cheaper cities. This “gap-closing” effect slowed slightly last month, however, as cheaper cities experienced muted growth compared to the month ...

C.A.R. SEPTEMBER HOME SALES AND PRICE REPORT

LOS ANGELES (Oct. 19) – California’s home-buying season extended further into September as home sales climbed to their highest level in more than a decade, and the median home price set another high for the fourth straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 489,590 units in September, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number ...

IRISH HOUSE PRICE REPORT Q3 OCTOBER 2020

The first three months of this year will go down in history as a time of extraordinary upheaval, with the spread of the Covid-19 pandemic across the world. This dislocation affected all of society and, as a consequence and almost by definition, all of the economy – here in Ireland as well as in most other countries around the world. The pandemic has tested the policy system and underscored the importance of that elusive variable, ‘state capacity’, in determining societal outcomes. A number of countries – including the United States – have been more severely affected by the pandemic. The public health emergency ...

CALIFORNIA REAL ESTATE MARKET: UPDATED FORECAST & TRENDS

What are the California real estate market predictions for 2020? California housing market is shaping up to continue the trend of the last few years as one of the hottest markets in the U.S. Let us look at the price trends recorded by Zillow over the past few years. From the beginning of the year 2012 to the end of 2019, the median home price in California appreciated by a massive 85.5%, from $305,000 to $566,000. Currently, the median home value in California is $586,659. This value is seasonally adjusted to remove outliers and only ...

CURRENT PROPERTY MARKET TRENDS FOR LONDON- OCTOBER 2020

This report displays current house prices, and the average time on market for unsold property for sale in London for each month from October 2019 to October 2020. The trends are broken down by property type and number of bedrooms. It also display graphs of median property time on market, which may be more helpful for spotting trends.

SEPTEMBER 2020: STATISTICS FOR HOME SALES IN GREENWICH, CT.

October 15, 2020 (Greenwich, CT) – The Greenwich Association of REALTORS® announces the statistics for home sales in The Town of Greenwich, CT for the month of September 2020.

UK HOUSING MARKET FORECAST 2020

Forecasts for the UK property market are increasingly positive. It’s been a long shutdown period and people appear to be resuming their efforts to move or buy a new home. The most recent stats in October show the north of England is doing well, and that an exodus of renters in London is raising rent prices and home prices in areas outside. Hoped for drops in home prices isn’t happening and renters will find fewer lower-priced rentals to let. However, that won’t stop the ex-Londoners and other big city workers from seeking lower-cost accommodations. For long term ...

NY Q3 2020 RESIDENTIAL SALES REPORT

Buyers and sellers came back into the market in Q3 2020, with buyer activity up substantially from a year earlier. While seller activity has improved from last quarter, sellers are not listing enough homes to meet the increased demand seen from buyers. Fast sales, multiple offers, and low inventory are likely to continue into what is normally a slower time of year. Pending Sales in New York State were up 42.6 percent to 53,262. Closed Sales decreased 8.0 percent to 36,058. Inventory shrunk 21.5 percent to 52,687 units. Prices gazed upward as the Median ...

NATIONAL REPORTS | SEPTEMBER - OCTOBER 2020 MARKET REPORT & WEEKLY MARKET DATA

Home values have grown at a breakneck pace since June, driven by an extreme lack of inventory and incredibly high demand, further cementing the housing market’s overall strength amid an uncertain economy. But while for-sale housing remains hot, the rental market just keeps getting colder. Monthly Home Value Growth Hits Highest Level Since Mid-2000s Housing Boom The typical U.S. home value rose to $259,906 in September, up a whopping 0.8% from August — the fastest monthly growth pace since November 2005, in the midst of the last housing boom. For the third month in a row, typical ...

MONTHLY INVESTMENT AND RESIDENTIAL SALES REPORT: SEPTEMBER 2020

From August to September 2020, REBNY reports declines in transaction activity for both investment sales and residential sales. Total investment and residential sales volume, or consideration, was down 47% in September 2020 from the same time last year and up 9% from August to September 2020. The total tax revenue generated from these sales to the City and State declined 36% from September 2019 to September 2020 and increased 13% from August 2020 to September 2020.

NEW JERSEY - MONTHLY HOUSING MARKET STATISTICS | SEPTEMBER 2020

Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers are likely to remain a common occurrence and will keep the housing market hot even when the weather is cooling. While mortgage rates remain near record lows, The Mortgage Bankers Association reports that lending standards are tightening, which makes it a bit more difficult for some buyers to qualify. At the same time, unemployment remains substantially ...

CAR - MONTHLY SALES AND PRICE STATISTICS SEPTEMBER 2020

LOS ANGELES (Oct. 19) – California’s home-buying season extended further into September as home sales climbed to their highest level in more than a decade, and the median home price set another high for the fourth straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 489,590 units in September, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number ...

ZUMPER NATIONAL RENT REPORT: SEPTMEBER2020

Leading the price decline of cities at the top are San Francisco and New York, the nation’s two priciest cities. Both San Francisco and New York reached the lowest price points they ever have since Zumper started tracking median prices in 2014. Median 1-bedroom price in San Francisco last month was $3040, a 14.1% decrease from a year ago. Median 1-bedroom price in New York was $2700, down 10.9% from a year ago. While the median price for 1-bedroom units in San Francisco hovered above $3000 over the entire month, it dipped below $3000 in the latter ...

UK RENTAL MARKET REPORT: SEPTEMBER 2020

Average UK rents outside London rose by 0.7% in the three months to September, taking the annual growth rate to 1.7%. Rental growth remains in positive territory across most regions and cities in the UK. This is in sharp contrast to London, where rents fell by -3.2% in Q3, taking the annual decline to -5.2% at the end of December. The London market is examined in more detail later in this report. This two-speed market, outlined in the chart below, is likely to be entrenched during the additional lockdowns in England and across the regions, which ...

PALM BEACH | MARKET SNAPSHOTS: SEPTEMBER 2020

FLORIDA HOUSING FORECAST 2021

Florida’s real estate market in August saw an increase in closed and new pending sales, higher median house prices and growing new listings in August compared with August of last year. The fact is, a lot of people want to move to the Sunshine State. In the next 8 months, as the pandemic eases, experts will begin to notice this migration. In the meantime, August sales and prices rose while home supply continues to run out. Another report from Florida Realtors showed 400k fewer homes were listed for sale in Florida due to the pandemic. Fewer listings is typical ...

NY Q2 2020 RESIDENTIAL SALES REPORT

In the second quarter of 2020, the New York City average residential sales price, which covers condominiums, cooperatives and one-to three family homes, was $975,806 - a 13% decline year-over-year. Broken out, the citywide averages were: Condominiums: $1.6 million Cooperatives: $724,983 One-to-three family homes: $860,631 From Q2 of last year, total consideration decreased by 50%, from $12.8 billion to $6.4 billion, reaching the lowest point since the fourth quarter of 2011. The Citywide residential transaction volume also decreased year-over-year, declining from 11,413 to 6,534 sales, representing a 43% drop and an all-time low ...

CBRE MIDYEAR REVIEW | COMMERCIAL OUTLOOK 2020

Uncertainty brought on by the COVID-19 pandemic dramatically slowed real estate activity in Q2 2020. As the global economy begins to recover, how will real estate markets respond? Most major economies have begun lifting restrictions to varying degrees. Explore the real estate and economic indicators guiding recovery for the top cities around the world.

UK HOUSING MARKET ACTIVITY CONTINUES TO ADVANCE AT A STRONG PACE

The September 2020 RICS UK Residential Survey results continue to point to a strong upturn in activity across the market, as indicators on enquiries, agreed sales and new listings all remain strongly positive. Nevertheless, respondents still foresee sales weakening further ahead amid the challenging macro economic environment, evidenced by the twelve-month expectations series moving deeper into negative territory in the latest returns.

NEW YORK CITY METRO REPORT: SEPTEMBER 2020

The New York City Metro Area Report analyzed active listings in August 2020 across 26 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The New York one bedroom median rent was $1,933 last month.

BUYERS GUIDE TO BEVERLY HILLS | AUGUST 2020

The median price and active listings data depicted in the graphics are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes and condominiums/town-homes. Sales data are not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions ...

PALM BEACH & SURROUNDING AREAS | MARKET STATS AUGUST 2020

Comprehensive statistics on the Plam Beach and Surrounding areas housing markets for August 2020. You'll find current and historical reports featuring monthly, quarterly and annual data for single-family, condo/townhome and manufactured home sales.

UK HOUSE PRICE INDEX SEP2020

This month’s report features exclusive insight on the year-to-date growth in new sales (compared to the same period in 2019), the ongoing housing supply/demand imbalance and the effect further COVID-19 restrictions will have on-demand. First-time buyers have long been the engine of the housing market. However, the current growth in demand from existing homeowners will shift the market focus. Houses with more space outside of big cities will grow in popularity. This trend is likely to continue if homeowners end up spending more of the winter in their current homes due to tightening restrictions.

MONTHLY MARKET DETAIL - AUGUST 2020

Florida’s housing market reported more closed sales, more new pending sales, higher median prices and more new listings in August compared to a year ago despite the ongoing pandemic, according to Florida Realtors® latest housing data. Single-family existing homes sales rose 8.8% compared to August 2019.

NEW JERSEY - MONTHLY HOUSING MARKET STATISTICS | AUGUST 2020

The housing and stock markets continue to be the leaders in the economy. In August, showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months. With the stock indexes at or near record highs as mortgage rates remain near record lows, signs point to a busy fall housing market. As we look towards the fall, we normally see housing activity begin to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections ...

MANHATTAN’S HOUSING MARKET IS COMING BACK | CURBED REPORT AUGUST 2020

When the COVID-19 pandemic hit New York City in the middle of March, the housing market was put on a prolonged pause while much of Manhattan emptied out and shelter-in-place orders were in effect. Now, with the city returning to some sense of normalcy, there are signals that Manhattan’s housing market is starting to function again — and the current dynamics clearly favor buyers over sellers.

PALM BEACH & SURROUNDING AREAS | MARKET STATS JULY 2020

Comprehensive statistics on the Plam Beach and Surrounding areas housing markets for July 2020. You'll find current and historical reports featuring monthly, quarterly and annual data for single-family, condo/townhome and manufactured home sales.

MARKET ANALYSIS - IRELAND - JULY 2020

This third monthly Daft.ie Report, covering both sale and rental segments, has a number of interesting findings that further our understanding of how the Covid-19 pandemic has affected Ireland’s housing market. Sale prices rose by 2.3% on average between June and July, a sharp monthly rise and the second in three months, following a 5.3% dip in April. This rise is not spread evenly around the country, however. Dublin and the rest of Leinster have seen the strongest price gains – 2.7% and 3.4% respectively in July – while elsewhere in the country prices rose by ...

CONNECTICUT | LIVE MARKET REPORTS | JULY 2020

The median home value in Connecticut is $259,855. Connecticut home values have gone up 1.4% over the past year and Zillow predicts they will fall -2.3% within the next year. The median list price per square foot in Connecticut is $173. The median price of homes currently listed in Connecticut is $309,900 while the median price of homes that sold is $258,600. The median rent price in Connecticut is $1,800. Live report @ https://www.zillow.com/ct/home-values/

JUNE 2020 | RESIDENTIAL REAL ESTATE ACTIVITY IN THE STATE OF NEW JERSEY

While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by prospective home buyers.

COMMERCIAL | RETAIL MARKET REPORT, 2ND QUARTER 2020 MANHATTAN

MANHATTAN | A quarterly analysis of retail spaces sales in Manhattan 2nd Quarter 2020

NEW YORK CITY METRO REPORT: JULY 2020

The Zumper New York City Metro Area Report analyzed active listings in June 2020 across 27 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The New York one bedroom median rent was $1,972 last month.

ZUMPER NATIONAL RENT REPORT: JUNE 2020

COVID-19 shifts demand away from the most expensive markets Looking at monthly changes, all of the top 10 priciest cities either had flat or declining rents. It seems the pandemic has shifted the demand for apartments away from the most expensive cities, since usually demand picks up as we head into summer but now the opposite is true. As more and more companies move into remote work, many renters don’t want to pay the big city price tag when they are unable to use the amenities and are looking for more affordable options outside of large, metropolitan areas.

NYC OFFICE - Q2 COMMERCIAL REPORT 2020

Commercial Market Report Includes: sales volume, total square footage, average price/sqft, complete list of sales, historical stats, and more!

FLORIDA MARKET SALES ACTIVITY - JUNE 2020

Florida Realtors closely monitors market trends, news and forecasts that impact the state’s real estate industry and Florida’s economy. Real property – building it, buying it, leasing it, selling it – generates revenue, creates jobs and contributes billions to the state’s economy. This report looks at the Florida Market Sales Activity for June 2020

CALIFORNIA - CURRENT SALES & PRICE STATISTICS JUNE 2020

Sales bounced back in June after hitting the lowest level in nearly 13 yearspage4California, June 2020 Sales: 339,910 Units, -12.9% YTD, -12.8% YTY, +42.4% MTM. California home sales improved from May as the state reopened but continued to decline year-over-year

CBRE - Q1 2020 US NET LEASE INVESTMENT REPORT

Net-lease investment volume increased by 34.6% to $78.9 billion for the year ending Q1 2020—the highest four-quarter total on record—as investors sought attractive yield at lower risk than other commercial real estate assets. Q1 volume ticked up 1.0% year-over-year to $13.2 billion. However, volume is expected to drop in Q2 due to the economic fallout from COVID-19. Washington, D.C. was the most-favored investment market in Q1, while New York City, Los Angeles and San Jose had the most volume over the past four quarters. Investors also were increasingly attracted to net-lease investment opportunities ...

UK HOUSE PRICE INDEX SUMMARY: MARCH 2020

UK house prices increased by 2.1% in the year to March 2020, up from 2.0% in February 2020. On a non-seasonally adjusted basis, average house prices in the UK decreased by 0.2% between February 2020 and March 2020, compared with a fall of 0.3% during the same period a year earlier (February 2019 and March 2019).House price growth was strongest in Northern Ireland where prices increased by 3.8% over the year to Quarter 1 2020 (January – March 2020). The highest annual growth within the English regions was in London, where average house prices grew ...

FLORIDA RESIDENTIAL MARKET SALES ACTIVITY - Q1 2020

“The impact of COVID-19 on Florida, the U.S. and throughout the world was fully realized in April,” said 2020 Florida Realtors President Barry Grooms, a Realtor, and co-owner of Florida Suncoast Real Estate Inc. in Bradenton. “Many businesses shut down as people sheltered in-place to protect themselves and their loved ones, following the governor’s stay-at-home order and recommended health practices. Job losses rose and unemployment claims overtaxed the state’s system. It’s no surprise that many buyers and sellers put their plans on hold for now, because of the pandemic and the current economy.

LONDON | HOUSING MARKET REPORT Q2 | MAY 2020

Traditional data sources are usually published on a monthly or quarterly basis, with a time lag. For this reason, the data sources referenced below do not yet reflect the impact of Covid-19 on the housing market, and the report generally describes the state of London’s housing market before the onset of the pandemic.

Q1 2020 RESIDENTIAL SALES REPORT

The average sales price of a home (condominium, cooperative, and one-to-three family home) in New York City in Q1 2020 was $1.01 million, which remains flat year-over-year. Citywide, the average sales price of a condominium was $1.5 million, a co-op was $832,000 and a one-to-three family home was $883,000. Total consideration decreased 16% year-over-year, from $10.5 billion to $8.7 billion. This represents the lowest total since Q1 2014, which was $8.3 billion. Year-over-year, total consideration also declined in all five boroughs. Manhattan declined by 25%, Brooklyn by 3%, the Bronx by 12%, Queens ...

USA NATIONAL RENT REPORT | MAY 2020

We recently ran a survey of Zumper users, a full in-depth piece will be coming out in May, and found that 67% were financially impacted from the pandemic. Of those impacted, 35% lost their job or received a pay cut. Usually as the warmer months approach, demand and rent prices pick up. However, this report shows that as we enter into Spring 2020, this is not the case.

LONG ISLAND | MARKET HIGHLIGHTS | APRIL 2020

The April 2020 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data, rose to $496,000 representing a 9% increase over last April, despite our market area being an epicenter of the Covid-19 pandemic. Year over year closed median home prices increased across Nassau, Suffolk, and Queens County in April, while sales activity dropped sharply as expected amidst the coronavirus outbreak. Nassau County reported a $562,500 closed median home price in April representing an increase of 11.4% over $505,000 reported by MLSLI last year. Suffolk County reported a closed median price ...

STREETEASY MARKET OVERVIEW REPORT | MONTHLY

Monthly Updates NYC

CBRE | MANHATTAN OFFICE MARKET | APRIL 2020

The impact of this crisis on the Manhattan office market could be less long-lasting and the recovery could be faster than after the September 11 attacks and the Great Recession. Instead, it could mirror the recovery of Asian economies during the SARS outbreak in 2002, where sharp but short-lived declines in economic activity caused a temporary weakness in the real estate market that was largely resolved after one or two quarters. Indeed, China’s initial recovery from its COVID-19 outbreak appears to be following a SARS-like trajectory and could offer hope of a similar path forward for the U.S.

NJ APRIL - STATE REPORT

While the stock market recovered significantly in March, the effects of COVID-19 to the economy continue to build. In just the last four weeks, more than 20 million people nationwide filed initial unemployment claims according to the United States Department of Labor, including nearly 600,000 claims filed in the State of NewJersey alone. In the face of these challenging times, real estate activity in Aprilslowed significantly.

CAR - MONTHLY SALES AND PRICE STATISTICS APRIL 2020

C.A.R.'s California & County Sales & Price Report for detached homes are generated from a survey of more than 90 associations of REALTORS® and MLSs throughout the state, representing 90 percent of the market.

MANHATTAN RESIDENTAIL REPORT | APRIL 2020

The Manhattan Market Report is organized in six distinct sections and it is designed as a guide to the borough’s residential market. The report includes key market stats, the most up-to-date monthly sales data, and charts that give a clear picture of current market conditions.

METRO REPORT | NYC | APRIL 2020

The Zumper New York City Metro Area Report analyzed active listings in March 2020 across 30 metro cities to show the most and least expensive cities and cities with the fastest-growing rents. The New York one-bedroom median rent was New York City Metro Report April 2020. City Metro Area Report analyzed active listings in March 2020 across 30 metro cities to show the most and least expensive cities and cities with the fastest-growing rents. The New York one-bedroom median rent was $1,909 last month.

CBRE | LONDON COMMERCIAL | JAN - APRIL 2020

Take-up in Central London totalled 2.4 m sq ft during the first quarter of the year, a decline of 9% on the 10-year Q1 average. Availability saw an increase for the first time since 2018, growing by 11% to stand at 13.9m sq ft. As a result, the Central London vacancy rate increased to 4.5% in Q1. Under offers remained stable at 3.5m sq ft and above the 10-year average by 9%. The investment market had a slow start to the year, with just 24 capital transactions completing during the quarter totalling £1.4bn. A total ...

LOS ANGELES | HOME PRICES & VALUES | MONTHLY REPORT

The median home value in Los Angeles is $752,508. Los Angeles home values have gone up 5.8% over the past year and Zillow predicts they will fall -0.4% within the next year. The median list price per square foot in Los Angeles is $551, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $447. The median price of homes currently listed in Los Angeles is $859,000 while the median price of homes that sold is $760,200. The median rent price in Los Angeles is $3,500, which is higher than the Los Angeles-Long ...

UK PRIME RENT AND YIELD | APRIL 2020

Retail has initially been the sector to struggle most with the fallout of Covid-19. This has been clearly reflected in both rental and yield data this quarter. At the national level, All Shops prime rents decreased -1.0% in Q1 2020. Shops in the East Midlands reported the largest decrease at -7.4%.In contrast, Central London Shops decreased only 0.9%. Shopping Centre prime rents fell ‐1.5% over the quarter, while Retail Warehouse prime rents decreased ‐3.4%. Overall, All Shop average prime yields suffered an increase of 45bps in Q4 (4bps in Q4 2019). The North East ...

NEW JERSEY - MONTHLY HOUSING MARKET STATISTICS | MARCH 2020

As COVID-19’s impact spread across the country in March, the stock market declines started in February accelerated downward before recovering a bit in the last week of the month. With volatility across all the financial markets, lenders began tightening underwriting standards and some buyers found they no longer were approved for a loan. Massive layoffs also shook the economy with 3.28 million initial jobless claims filed in a single week—the highest in history more than four times over.

LONG ISLAND MONTHLY STATISTICS AND INDICATORS | MARCH 2020

The March 2020 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data, rose to $490,000 representing a 6.5% increase over last March. Nassau County reported a $530,000 closed median home price in March representing an increase of 2.9% increase over $515,000 reported by MLSLI last year. Suffolk County reported a closed median price of $405,000, which represents a 9.5% increase over $370,000 reported a year ago. Queens reported a closed median home price of $601,875 representing an increase of 8.1% over $557,000 reported ...

METRO REPORT | LA | MARCH 2020

The Zumper Los Angeles Metro Area Report analyzed active listings in April 2020 across 30 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The California one bedroom median rent was $1,764 last month.

FLORIDA MONTHLY MARKET DETAIL - MARCH 2020

Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.

METRO REPORT | NYC | MARCH 2020

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UK HOUSE PRICE INDEX | JANUARY 2020

UK average house prices increased by 1.3% over the year to January 2020, down from 1.7% in December 2019. Average house prices increased over the year in England to £247,000 (1.1%), Wales to £162,000 (2.0%), Scotland to £152,000 (1.6%) and Northern Ireland to £140,000 (2.5%). Yorkshire and The Humber and West Midlands have seen an annual house price growth of 3.1% and 2.6% respectively, this growth has been partially offset by the negative growth in the East of England (negative 0.6%) and the South East of England ...

MANHATTAN RESIDENTIAL MARKET REPORT | FEBRUARY 2020

The Manhattan Market Report is organized in six distinct sections and it is designed as a guide to the borough’s residential market. The report includes key market stats, the most up-to-date monthly sales data, and charts that give a clear picture of current market conditions. The first section - Residential Market Overview - shows the borough’s median sale price per property and per square foot, together with trends and changes over the past year. The second section informs on the borough’s most expensive sales for each residential property type included: single-family homes, condo and co-op units.

CITY REALTY | NYC | YEAR END MARKET REPORT 2019

Following escalating prices during the first half of the decade, Manhattan residential real estate remained flat in 2019, with condos showing slight gains in average pricing and a modest decline in sales volume. For the overall Manhattan residential market CityRealty analyzed, consisting of condos, co-ops, and condops south of 96th Street on the East Side and south of 110th Street on the West Side; approximately 10,400 residential units are expected to close in 2019, down from 10,531 in 2018. There was a small increase in the average price paid for an apartment in 2019, rising from $2.07 ...

UK HOUSE PRICE INDEX | FEBRUARY 2020

MANHATTAN RESIDENTIAL MARKET REPORT | FEBRUARY 2020

NEW YORK CITY RESIDENTIAL SALES REPORT | QUARTER 4 2019

NATIONAL ASSOCIATION OF REALTORS | CONFIDENCE INDEX

The REALTORS® Confidence Index (RCI) survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.1 This report presents key results about market transactions from the February 2020 survey.Market Conditions and Expectations• The REALTORS® Buyer Traffic Index registered at 72 (55 in February 2019).2• The REALTORS® Seller Traffic Index registered at 47 (43 in February 2019).• The REALTORS® Confidence Index—Six-Month Outlook Current Conditions registered at 75 for detached single-family, 62 for townhome, and 59 for condominium properties. An index above 50 indicates ...

NEW JERSEY - MONTHLY HOUSING MARKET STATISTICS | FEBRUARY 2020

LONDON | HOUSING MARKET REPORT | Q4 2019

CALIFORNIA - CURRENT SALES & PRICE STATISTICS | FEBRUARY 2020

FLORIDA | STATISTICAL REPORTS | FEBRUARY 2020

LONG ISLAND MONTHLY STATISTICS AND INDICATORS | FEBRUARY 2020

2021 EMEA REAL ESTATE MARKET OUTLOOK

History will record 2020 as a year of convulsive change. Governments and populations across the globe struggled to control the spread of COVID-19 while also trying to manage the knock-on effects of a broad range of pandemic control measures. Hardly any area of economic or social activity has been unaffected. After some lifting of restrictions in the summer months, a rise in case numbers in the northern hemisphere winter has brought a reintroduction of at least partial lockdown measures in many parts of Europe. The duration and success of these measures, and the timing of their removal, will go a ...

BLOOMBERG | NYC | QUARTER 4 | 2019

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ARIAL PA | NYC | A YEAR IN REVIEW | 2019

INDUSTRIAL / COMMERCIAL MARKET REPORT, 4TH QUARTER 2019 | MANHATTAN

NEW YORK CITY RESIDENTIAL SALES REPORT | QUARTER 3 2019

NEW YORK CITY RESIDENTIAL SALES REPORT | QUARTER 2 2019

NEW YORK CITY RESIDENTIAL SALES REPORT | QUARTER 1 2019

THE LOOK OUT: REAL ESTATE TECH 2018

Each year begins with a resolution—one that aims to improve or create better solutions in response to both present and future opportunities and/or challenges. In 2017, the real estate industry focused on data and tech driven ones which led to several key accomplishments, as noted by Forbes.

YOUR REAL ESTATE YEAR IN REVIEW

As the year comes to a close, we look back at 2017 which has been an exciting year for the real estate industry. With both its ups and downs as well as an upcoming tax reform plan that is highly promising to the city’s biggest developers and investors, here are some key takeaways that we can keep in mind as we move forward towards a new year filled with more opportunities.

NYC REAL ESTATE 2018: PREDICTIONS AND WHAT’S TO COME

As 2017 is coming to a close, real estate experts and analysts are making predictions of the industry for the upcoming year. In an article covered in the Real Deal Magazine, StreetEasy’s senior economist, Grant Long, has given his few cents regarding what we can expect next.

THE QUESTION OF TAX REFORM AND WHAT IT MEANS FOR NYC REAL ESTATE

Republicans have recently announced their proposals for an overhaul of the US tax system. Part of this large scale tax reform includes cutting off the ability to deduct mortgage interest and state and local taxes (SALT) from federal taxable income.

THE LOOK OUT: NYC NEIGHBORHOODS WITH THE HIGHEST PRICE GROWTHS

In a massive real estate hub like New York city, it’s expected that its abundant number of homes and properties experience continuing market value growth. But, as the New York Times revealed in a recent article, some areas of “The Big Apple” receive higher price hikes compared to others.

$3 BILLION WORTH OF CONDOS APPROVED FOR Q3

After the third quarter, Manhattan Condo developers have received approval from the New York Attorney General’s office to begin marketing 283 units. According to the Real Deal, although the number of approvals are lower compared to Q2, these properties have a combined estimated value of $3 billion—a higher amount compared to Q3 of the previous year.

MANHATTAN NEW DEVELOPMENT REPORT | 2017

Following the fallout from the economic crisis in 2008, sales of new condos were on a downward trend, and between 2012 and 2015, fewer than 1,000 units sold each year. In 2016, more than 2,000 new condo units sold, and although there was a fall-off in 2017—with 1,695 closings—CityRealty projects that roughly 1,800 and 2,000 units will close each year through 2020. CityRealty forecasts that the aggregate value of new development sales will reach an estimated $9.8 billion in 2018, $11.6 billion in 2019, and $11.9 billion in 2020. These ...

LIVING THE LUXE LIFE: THE GROWING PURSUIT OF THE REAL ESTATE DREAM

Luxury properties have always been symbols of the wealthy. From million dollar mansions to designer penthouses with the best views, to own such wealth has been the dream of most, if not all, people. The good news? According to a report by Luxury Portfolio International—a conglomerate of over 200 brokerages across the globe—the world’s population has been acquiring more wealth in the last few years. Thus, the luxury life may no longer be a mere dream, and real estate experts are expecting a spike in demand for high end properties as the world’s wealthy spends for ...

LONG ISLAND CITY MARKET REPORT 2014-2016

A five-year glance between 2012 to 2016 for Long Island City’s real estate market shows a number of trends across different metrics. Sales prices receive gains on a yearly basis for both cooperatives and condominiums. As of 2016, prices may have reached their peak as their growth rates are significantly smaller compared to previous years. As prices continued on an upward trend, sales saw a decline for four consecutive years until 2016 when the performance achieved a moderate boost...

NEW JERSEY MARKET REPORT 2014- 2016

Jersey City’s real estate market proceeds to grow with more activity, spanning from 2014 to 2016. With higher demand boosting sales each year, prices are driven up by sellers of both cooperatives and condominiums in the market. They are especially motivated as home buyers choose to move to homes that are more affordable than New York homes, but are still close to Manhattan where many of these buyers commute to work. This is also true for businesses that plan to relocate their offices as Jersey City increases its commercialization efforts while providing less expensive office space. While sales performance ...

MANHATTAN MARKET REPORT 2014-2016

A glance at Downtown Manhattan’s market in the last three years reveals increasing costs and shifts in sales activity. Following its sales drop in 2015, Downtown Manhattan appears to be recovering by nearly 9% by the end of 2016, revealing newly regained levels of market demand. This occurs as the inventory volume grows each year to include a higher variety of housing options for buyers to choose from. The time duration for real estate transactions has been fluctuating, although it has typically remained the same. Overall, current data reveals an active market driven by levels of demand from buyers ...

BROOKLYN MARKET REPORT 2014-2016

Central and West Brooklyn show bearish signs in the market. Sales have maintained similar levels, although there was a minor drop in performance by the end of 2016. Contracts also take much longer to close while the number of housing options in the market inventory continues pile up. In order to address these issues, sellers and property owners have made yearly price cuts in order to renew demand in the market that appears to be softening. Based on these factors, prospective sellers may consider holding onto their properties until the current inventory is absorbed and buyer demand is able to ...

BIGGEST UPCOMING DEVELOPMENTS IN MANHATTAN (FALL 2017)

Fall into the new season with the latest real estate developments to hit the City. From a converted church rectory in the Upper East Side to grand scale building plans in Hudson Yards, these are some of the biggest projects that you can expect to hear more about starting this season.

THE END OF PAID LISTINGS: REBNY – NYT PARTNERSHIP OPENS UP FREE LISTING SERVICE FOR BROKERS

Major breaking news: starting early next month, posting your residential listing can be done with no extra cost. The Real Estate Board of New York promised this after announcing its newest partnership with the New York Times. Through this unique collaboration, the Times will feature residential listings from all five boroughs in its official website with the entries provided by the Residential Listing Service—a feature that REBNY launched a month ago.

MOST EXPENSIVE RENTAL MARKETS (AUGUST 2017)

Renters, be on the look out. September marks the start of the third quarter, and if historical trends are to be believed, this is the point when transactions begin to climb, especially if the summer months happened to be particularly slow. How high should buyers expect initial asking rents to be? A recent report released by Zumper listed down the top most expensive rental markets to date.

BROOKLYN PRICE RECORDS REACH NEW HEIGHTS WITH $16.645 MILLION PENTHOUSE

Brooklyn’s latest release—a 6,218 square foot, six bedroom penthouse at Standish, 171 Columbia Heights. If sold at its whopping price of $16.645 million, it would be bound to surpass the $15.5 million price record set by a townhouse at 177 Pacific Street in Cobble Hill. Before these record breakers entered the market, a triplex penthouse at the Clock Tower in Dumbo was sold for $15 million and a Kushner Companies’ townhouse (27 Monroe Place) closed at $12.9 million.

THE CRACK DOWN: DOCUMENT BY CHINESE REGULATORS SEEK TO LIMIT REAL ESTATE FOREIGN INVESTMENT

A crack down has officially begun last Friday, following a most recent economic policy decision from the Chinese government. In a singular and powerful move, Chinese regulators released a document that seeks to limit foreign investments in many sectors from hotels to entertainment. Overseas acquisitions in real estate are part of these regulations. The new policy is expected to deal a huge blow to New York real estate where—according to Bloomberg—30% of this year’s contracts were signed by Chinese investors.

NYC LUXURY: CONTINUING PRICE CUTS LEAD TO NEW MID-SUMMER DEALS

1020 Fifth Avenue—where a fabulous five bedroom co-op unit (with its own eat-in kitchen, four fire places and a spacious 40 feet living room) is located. After its 2015 introduction into the market at $20 million, this luxury property finally went under contract last week for $18 million. The previous week was also when Penthouse 1 at 120 West 72nd Street—with its three bedrooms, three and a half bathrooms, five landscaped terraces and a working fireplace—went under contract at around $10.5 million.

RECENT COMMERCIAL REAL ESTATE TRANSACTIONS (JULY 2017)

July makes way for the beginning of August, and 2017 has officially made it past the middle of the summer season. Meanwhile, real estate investments and activities are heating up, especially as economic factors have been driven up to peak levels. For the month of July, here are a number of Manhattan and Brooklyn based transactions in commercial real estate that made the industry news, as featured in the New York Times:

REBNY: BROOKLYN AND QUEENS DOMINATE RESIDENTIAL SALES, Q2 2017

Half the year has gone by, but the demand for new homes coupled with strengthening economic gains continues to fuel real estate activity in New York City. This leads to additional transactions for this year with Brooklyn and Queens dominating the residential sales market for the second quarter of 2017, according to the Real Estate Board of New York’s latest report.

REACHING NEW HEIGHTS: NYC CONSTRUCTION INDUSTRY HITTING RECORD HIGH SPENDING

Construction has reached a new record in spending, according to a recently released report by the New York Building Congress. Total expenditures for 2016 is an estimated $42.4 billion—a historical first for the city as spending has officially crossed the $40 billion threshold. As a result, the construction industry has generated $66.3 billion by the end of 2016.

ABOARD THE SECOND AVENUE SUBWAY: WHAT’S NEXT FOR THE UPPER EAST SIDE?

Six months ago, an extended Q line was built in the Upper East Side as a means of convenient transportation to the rest of the city. This grand scheme was followed by a number of changes in the neighborhood, and these are noticed by both residents and developers.

LUXURY AT A DISCOUNT: FALLING RENTAL PRICES AMIDST WEAKER DEMAND

A few years after the 2008 recession, property developers started selling “ultra-luxury” apartments when they saw the growing wealth of their consumers as well as their demand for prime real estate. This led to a boom in the real estate luxury market—a time when buyers would willingly pay millions for high-end properties that get sold shortly after being listed.

RECENT COMMERCIAL REAL ESTATE TRANSACTIONS (MAY 2017)

In Yorkville, a private investor from Kiaton L.L.C. bought an 8,050 square foot, five story walkup. The property, previously owned by Simon Sellman, is a mixed use property with 13 apartment studios, 1 one-bedroom unit and a laundromat that occupies 1,500 square feet of retail space at the ground level. The transaction was brokered by Capital Property Partner and Eric Goodman Realty with a closing price of $8,000,000.

U.S. HOME PRICES BOOST AS SUPPLY TIGHTENS

With U.S. housing inventory levels 9% lower than April of last year, sales performance continues to fall due to shortages in available housing market options. Reasons include increasing construction costs and labor shortages. These trends, when combined with a growing housing demand, effectively translates to higher market prices.

TOP 5 BIGGEST NYC REAL ESTATE LOANS (EARLY 2017)

Fetner Properties was given $183 million worth of bonds for the refinancing of 501 West 41st Street. Out of that amount, $139 million comes from the proceeds of tax-exempt bonds issued in December 2016 by the New York Housing Finance Agency.

REBNY: NYC CONDO PRICES REACH RECORD HIGH PRICES IN Q1 2017

Despite falling prices for cooperative units, real estate properties in Manhattan, Brooklyn and Queens have reached record high prices, according to the Real Estate Board of New York’s first quarter 2017 report.

THE LENDER’S DILEMMA: LENDING DECLINE IN NYC REAL ESTATE

With dropping sales and current issues in the multifamily sector, lenders have pumped less money to real estate projects in 2016, according to CrediFi, a commercial real estate data startup. Based on their data, it was found that commercial real estate lending in New York fell down by 17% year over year.

NEST SEEKERS HAMPTONS MARKET REPORT 2014-2017 STUDY & TRENDS

A three year analysis of the Hamptons shows consistent increases in the average sales price, with 2016 ending with a 3.3% mark up. The addition of more luxury properties in the market this year may contribute to these increasing values. On the other hand, the median sales price dropped by 2.5% as of the current date, which shows that most sellers may have lowered the costs of their homes to attract potential buyers. Despite these efforts, the number of sales performance in the Hamptons continues to fall, with the sales starting to plateau in 2015 before sinking by ...

A YEAR IN REVIEW: NYC REAL ESTATE’S BIGGEST STORIES OF 2016

From new high luxury developments to a real estate mogul for president, 2016 has been a very eventful for real estate. With present signs of economic recovery and a more stable market, people are already looking forward to what’s in store for 2017. But, before that, we end the year by looking back at some of 2016’s biggest highlights which have gathered the attention of players within the industry.

A NEW YEAR, A NEW BEGINNING: 8 REAL ESTATE TRENDS TO EXPECT FOR 2017

The end of the year opens up new beginnings, including the search for a new home. 2016 has seen numerous factors that shaped the current state of the U.S. housing market, and as we celebrate the year’s end, industry experts are already forecasting real estate performance next year. Based on their findings, here are some major trends to expect.

RECENT TRANSACTIONS: DECEMBER 2016

Some people have fancy clothes or expensive gadgets in their Christmas list. Others want buildings and properties. With the end of the year fast approaching, here are some transactions that were carried out this month as part of the holiday shopping rush...

UNDER THE CHOPPING BLOCK? TRUMP’S PLANS FOR MORTGAGE INTEREST DEDUCTIONS

With the start of the new Trump administration quickly approaching, everyone is anticipating the policy changes that the upcoming president has in store. For home owners, they can expect a “big tax cut for the middle class” in the form of mortgage interest deduction caps. “We’ll cap mortgage interest, but we’ll allow some deductibility,” said Steve Mnuchin who is currently in consideration as Trump’s Treasury Secretary, "Any reductions we have in upper income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class."

A GLIMPSE OF THE FUTURE: THE LATEST TRENDS IN REAL ESTATE TECHNOLOGY

Swipe right? Swipe left? Like or dislike? Save or ignore? These days, anything can be decided with the tap of a finger on a mobile screen—including a potential new home. With a recovering economy and the vast potential of technology to solve the ever-growing need for properties, there has been a boom in the real estate tech industry. As of 2015, $1.5 billion has been pooled towards real estate tech ventures. That’s 350% higher compared to 2010, and these ventures—many of them being startups—have been developing tools that aim to innovate the home search process ...

LIVING IN A SMALLER, CONNECTED WORLD: THE EFFECTS OF GLOBALIZATION ON REAL ESTATE

From increased business opportunities to advancing technologies, the word “globalization” often pops up in various contexts and is reflected in different ways. Over the years, economic self-sufficiency became more obsolete as people saw a major shift in demographics, different trade policies between economic regions, and more efficient ways to connect to other parts of the world. Economies are now linked between each other, producing a continuing flow of goods, services, investments, people and information. The world we live in is a truly globalized one where diversity produces labor opportunities and concepts such as global GDP which plays a heavy factor ...

MAKING REAL ESTATE GREAT AGAIN: PREDICTING REAL ESTATE UNDER THE TRUMP ADMINISTRATION

This week saw the end of a very historic election in America with the rise of Donald Trump as the 45th president of the United States. During his campaign, he has talked about trade, immigration, unemployment and homeland security. Yet, despite his strong background in real estate, he spoke little about this, and his electoral victory comes with mixed reactions. As Ralph McLaughlin, chief economist of Trulia, pointed out, home buyers from blue states will hesitate to make large investments due to their feelings of economic uncertainty. On the other hand, those from the red states—primary supporters of Trump ...

TROUBLE INFLATING IN THE EAST: THE CHINESE REAL ESTATE BUBBLE

No one can forget the 2008 Financial Crisis—a recession that shook the global economy as a result of a high default rate in subprime mortgage backed securities. Also known as the worst financial crisis since the Great Depression, this was a time of high unemployment, GDP losses, dried up business investments and major cutbacks in spending. Almost a decade has passed since then, and while the U.S. is still in the process of economic recovery, analysts are anticipating a potential repeat of history stemming from another powerful player—China.

U.S. ELECTIONS ON NATIONAL REAL ESTATE

“Who will you vote for?” Discussions and predictions revolve around this recurring question which only the historical decision next week can answer. Whether America will see a presidency led by Clinton or Trump, no one can deny the amount of political and economic uncertainty towards the future. While both candidates have touched on issues such as immigration, healthcare, and employment, voters have been left in the dark with regards to other specific issues. Real estate would be one of them, and this is concerning to both buyers and sellers who are interested in knowing about the future housing policies that ...

“WAIT NOW, INVEST LATER”: HOW UNCERTAINTY MARKS THE POST-BREXIT ERA

“Wait now, invest later,” investors are saying towards London’s softening real estate market. No one knows the long-term effects of the Brexit on the economy, and the British government is still in the process of drafting trade policies that can preserve the UK’s trading rights across the Eurozone. These factors gave investors reason to withdraw their funds, which led to a shut down in property trades and the freezing of assets worth £18 billion.

THE DEUTSCHE BANK CRISIS, AT A GLANCE

Recently, the U.S. Department of Justice slapped a $14 billion fine to Deutsche Bank due to sales malpractice that eventually paved the way to the 2008 financial crisis. The bank claimed that it does not intend to settle the fine anywhere near that amount. Negotiations, however, are still ongoing, and as of this date, the bank expects U.S. authorities to eventually lower the initial demand. But, to add salt to injury, the German financial giant also lost its position in the list of New York’s most active commercial real estate lenders for this quarter. How did this ...

MAN VERSUS NATURE: HOW SAFE IS YOUR HOME FROM NATURAL DISASTERS?

Matthew—yet another name added to the list of hurricanes that have battered the U.S. and left massive destruction in their wakes. These calamities come with expensive property costs, and as of this date, Forbes estimates that the economic damage that Matthew leaves behind will range from $4 to 6 billion. It is a high price, although not record breaking when compared to Katrina ($108 billion) and Sandy ($71.4 billion).

NEW YORK CITY RESIDENTIAL SALES REPORT- 2ND QUARTER 2016

The New York City residential sales market started to face some resistance in the second quarter of 2016. While the average sales price of all homes in the city increased – reaching a new, all-time high since the Real Estate Board of New York (REBNY) began tracking home sales data in 2006 – and average sales prices for a home in each of the five boroughs rose year-over-year, sales volume started to weaken. The Bronx and Staten Island were the only boroughs to record increases in sales volume this quarter when compared to last year.

NEW YORK CITY RESIDENTIAL SALES REPORT- 1ST QUARTER 2016

The Manhattan and Brooklyn sales markets emerged from the slower winter months slightly more expensive than last year, according to the most recent market data by StreetEasy. While inventory grew slightly in Manhattan, it continued to fall in Brooklyn, allowing prices to grow at a considerably faster pace there than in Manhattan. As affordability looms heavy over New York households, relatively lower-priced homes in East Brooklyn and Upper Manhattan led the two boroughs in annual price growth in the first quarter; a strong sign that a growing number of buyers are seeking value in these areas of the city.

NEW YORK CITY RESIDENTIAL SALES REPORT- 4TH QUARTER 2015

The real estate markets in Manhattan and Brooklyn closed the final quarter of 2015 with record-high prices as sales inventory continued to slide in Manhattan and competition among renters intensified in both boroughs. The median resale price of homes in Manhattan grew 7.1 percent from last year to $1,002,008, according to the StreetEasy Price Index, marking the first time it has ever exceeded $1 million. The highest growth was in Upper Manhattan, where the median resale price grew 14.6 percent from last year to $641,882, followed by Upper East Side (9.1 percent), Upper West ...

NEW JERSEY RESIDENTIAL SALES REPORT- 4TH QUARTER 2015

In 2015, national residential real estate, by and large, had a good year. Supply and demand were healthy in an environment rife with low interest rates and improved employment. The Federal Reserve finally increased short-term rates in December, and more increases are expected in 2016. Housing markets have shown a willingness to accept this. Save for a few expensive outliers where low inventory and high prices have become the norm, a balanced market is anticipated for much of the country for the foreseeable future. Improved inventory and affordability remain key factors for continued optimism.

NEW JERSEY RESIDENTIAL SALES REPORT- 3RD QUARTER 2015

The third quarter of 2015 has ticked its last tock with the hands pointing firmly upon a reliable clock of a market. Although noon and 6:30 fluctuations are present even within the same states and cities, the overall tempo of real estate potential is experiencing a healthy number of good omens. The job market has shown continual improvement, jobless rates are down, real average hourly and weekly earnings have been up and there has been good news in new household formation.

NEW YORK CITY RESIDENTIAL SALES REPORT-3RD QUARTER 2015

According to StreetEasy’s Manhattan Price Index, median resale prices of all homes in Manhattan was $983,207 in July, a 6.3 percent increase compared to the same time last year. Although this was a new record high in Manhattan, annual growth has slowed for 18 consecutive months. The Manhattan Price Index, which tracks median resale prices of all homes in Manhattan and within each of the borough’s five major submarkets, remained the highest in the Downtown submarket in July at $1.2 million, followed by Upper West Side ($1.1 million), Upper East Side ($958,089), Midtown ...

MANHATTAN RESIDENTIAL SALES REPORT-2ND QUARTER 2015

Manhattan home prices reached a record-high of $936,683 in June, according to StreetEasy’s Manhattan Price Index (MPI). However, price growth across the borough has slowed for 17 consecutive months and prices grew at a rate of 5.8 percent, down from a 7.7 percent rate in 2014. The key market force driving high prices in Manhattan is constrained inventory. Although the number of for-sale listings available throughout the quarter rose by 14.1 percent from the previous quarter, inventory was just 0.1 percent above last year’s total. The lack of significant inventory growth was due ...

NEW JERSEY RESIDENTIAL SALES REPORT- 2ND QUARTER 2015

The window closes on a cool summer night to end the 2nd quarter of 2015. Market analysis with compounded quarterly information becomes the evening’s read by low light in the comfort of home. Markets across the country and state continue to improve at rates not seen in years. Even if the increases in closed sales, median price and inventory are not across the board for all local markets, there is enough good news in one or more categories to consider this a successful first half.

MANHATTAN RESIDENTIAL SALES REPORT-1ST QUARTER 2015

The Manhattan condo market saw healthy price growth last month as stubbornly low inventory kept prices at record highs. The number of condos available for sale in January was only slightly more than last year, growing 3.7 percent to 3,880 units. Condo inventory has been stuck at near record low levels for much of the last two years, with January’s total 18.2 percent lower than Manhattan’s 5-year historical average. As a result of constricted supply, condo prices continued to climb in January albeit at a slightly lower rate. Prices grew by 8.8 percent from ...

NEW JERSEY RESIDENTIAL SALES REPORT- 1ST QUARTER 2015

All expectations in 2015 are for a healthy and energetic selling season. National stories have been highlighting an increase in new construction sales and pending sales, but national stories are not always readily applied to the local scene. All the same, if ever there was a year to list or purchase a home, wider economic factors seem to indicate that this is the one.

MANHATTAN RESIDENTIAL SALES REPORT-4TH QUARTER 2014

Q4 2014 Manhattan Market Report: Record-breaking Manhattan Prices in Q4 Give Way to Slow-down in 2015. Manhattan condo prices rose to their highest level on record in the final quarter of 2014, ending a year in which inventory failed to rebound from a five and a half year slide from the market’s 2009 peak. The median sale price across all property types jumped to $942,000, a 6.4 percent jump from the previous quarter and nearly 11 percent above last year’s level.

MANHATTAN RESIDENTIAL SALES REPORT-3RD QUARTER 2014

The Manhattan real estate market settled into a stable growth mode in the third quarter of this year, with the median sale price rising less than one percentage point since last quarter and 4.1 percent from last year. However, the third quarter failed to add inventory to lift the market out of its persistent supply slump. The number of homes listed for sale in Manhattan during the third quarter fell 6.0 percent from the second quarter in the spring season. Available homes for sale remain in historically short supply, with inventory 1.2 percent below last year’s ...

MANHATTAN RESIDENTIAL SALES REPORT-2ND QUARTER 2014

Prices remain high amidst constrained inventory, but price appreciation slows in Q2. Manhattan home prices remained well above last year’s level during the second quarter of 2014 as this year’s spring trading season failed to reverse a year-long trend of dwindling inventory. Although the number of listings increased 10.5 percent over the quarter, total inventory remained nearly 8 percent below last competition between buyers.

MANHATTAN RESIDENTIAL SALES REPORT - 1ST QUARTER 2014

Median Recorded Sale Price increased by 16.9% since last year and by 6.5% since last quarter. Total Inventory decreased by 13.0% since last year and by 1.0% since last quarter. Contract Activity decreased by 15.2% since last year and by 9.3% since last quarter. Time on Market decreased by 35.2% to 89 days, compared to 137 days last year. Condo Market Index for February 2014 increased by 2.6% since January and by 16.3% since February 2013. The index is currently at its all-time high.

MANHATTAN RESIDENTIAL SALES REPORT - 4TH QUARTER 2013

Manhattan Condo Market Index for November 2013 increased by 1.0% since October and by 12.0% since November 2012. The index is currently at its all-time high. Total Inventory decreased by 8.9% since Q3 2013 and by 8.7% since Q4 2012. Signed contracts decreased by 5.5% since Q3 2013, but increased by 10.4% since Q4 2012. Time on market decreased by 31.3% to 92 days, compared to 134 days from Q4 2012.

MANHATTAN RESIDENTIAL SALES REPORT - 3RD QUARTER 2013

Manhattan Condo Market Index for August 2013 increased by 1.2% since the previous month and by 9.9% since the prior year. Inventory decreased by 12.8% both from a year ago and since last quarter. Signed contracts increased by 10.0% from the prior year but decreased by 30.6% from the prior quarter. Price cuts decreased by 29.3% from last year and by 15.3% from last quarter. There were 8.4% more price increases than a year ago but 15.1% fewer than last quarter. Time on market decreased by 27.8% to just 95 ...

MANHATTAN RESIDENTIAL SALES REPORT - 2ND QUARTER 2013

Manhattan Condo Market Index for May 2013 rose by 1.9% since the previous month and by 9.1% since the prior year. Currently, the market is 3.9% below the 2008 peak. Median closing prices for the Manhattan overall market declined by 1.2% compared to year ago. Condo resale price rose 1.3% from the prior year while co-op median price decreased by 2.2%. New development median price increased by 51.0%. Volume of closings increased 12.1% from last year and jumped by 45.8% from last quarter. Inventory is still 11.4% down from a ...

MANHATTAN RESIDENTIAL SALES REPORT - 1ST QUARTER 2013

Manhattan Condo Market Index for February 2013 rose by 0.2% since the previous month and by 4.8% since the prior year. Median closing prices for the Manhattan overall market declined by 2.5% compared to year ago. Condo resale price rose 3.8%from the prior year while co-op median price decreased by 5.6%. New development median price increased by 27.9%. Volume of closings increased 7.3% from last year but dropped by 22.9% from last quarter. Inventory is still 16.9% down from a year ago but since last quarter, inventory levels inched up ...

REBNY MARKET REPORT FEBRUARY 2012

REBNY MARKET REPORT JANUARY 2012

REBNY MARKET REPORT OCTOBER 2011

NYC RESIDENTIAL FOURTH QUARTER 2011

The economic and financial unease over the past several months have appeared to make their impact on the NYC residential sales market in the 4th quarter of 2011, as average sales price and transactions have declined. Sales of all homes in New York City were down 12 percent from the fourth quarter of 2010 and the average price of a home decreased 6 percent from the fourth quar- ter of last year. The share of Manhattan apart- ment sales of $5 million and over to total Manhattan apartment sales were down 18 per- cent year over year.

REBNY MARKET REPORT JULY 2011

NYC RESIDENTIAL THIRD QUARTER 2011

Despite the continued national economic weakness, tumultuous credit and equity markets, and the disarray in Euro economies, the New York City residential sales market stood firm. Total NYC residential sales consideration was up 8.41 percent from the second quarter to $8.04B. Compared to last year, residential consideration was down 3.89 percent. This was mainly due to the first time home buyer tax credit closing dead- line being extended into the third quarter of 2010. Due to that extension many sales that were being rushed to close in the second quarter closed in the third quarter, raising the ...

NYC RESIDENTIAL SECOND QUARTER 2011

The New York City residential sales market continued to post mixed results in the second quarter of 2011. The average sales price of a home in New York City increased 2 percent and the number of home sales increased 10 percent compared to the first quarter of 2011. This trend reflects the traditional seasonal variation in the residential sales market.

REBNY MARKET REPORT APRIL 2011

NYC RESIDENTIAL FIRST QUARTER 2011

The New York City residential sales market moved sideways in the in the first quarter of 2011 with the average price of a home declining by 1 percent while the number of transactions increased by 2 percent compared to the fourth quarter of 2010. The lack of clear direction was also demonstrated by a 1 percent increase in the total dollar consideration for all residential trans- actions.

REBNY MARKET REPORT JANUARY 2011

NYC RESIDENTIAL THIRD QUARTER 2010

The New York City residential sales market remained on steady footing during third quarter of 2010 overcoming the obstacles of the expiration of the first time homebuyer’s tax credit and loss of momentum in the overall economic recovery. The total consideration for residential property was $8.36 billion up 10.75 percent quarterly and 26.2 percent when compared to the third quarter of 2009, the first quarter in the NYC residential mar- ket recovery. Manhattan residential considera- tion during the third quarter of 2010 constituted 57.51 percent of the total market compared to 53.72 percent in ...

NYC RESIDENTIAL FOURTH QUARTER 2010

The New York City residential sales market in the fourth quarter of 2010 saw a continuing and sustainable rise in the average sales price and a sharp decline in the number of transactions. Average sales price increases over the last year have been driven by record low mortgage rates, the federal home buyer tax credit, a significant slowdown in the supply of new housing, and modest job growth in New York. The decline in transactions was the result of the end of the homebuyer tax credit along with the extension of the closing deadline that inflated sales in the third ...

REBNY MARKET REPORT OCTOBER 2010

REBNY MARKET REPORT JULY 2010

NYC RESIDENTIAL SECOND QUARTER 2010

The New York City residential sales market in the second quarter of 2010 continued showing the characteristics of a healthy market and contin- ued the trend that emerged during the previous two quarters. The total consideration for residen- tial property was $7.5B, up 4.8% quarterly and 72.8% when compared to the frozen market of the second quarter in 2009. Manhattan residential consideration during the second quarter of 2010 constituted 59.1% of the total market compared to 48.8 percent in the second quarter of 2009. Sales volume for apartments, when compared to the first quarter of ...

REBNY MARKET REPORT APRIL 2010

REBNY MARKET REPORT JANUARY 2010

NYC RESIDENTIAL FIRST QUARTER 2010

The total dollar value of New York City resi- dential sales was $7.2B in the first quarter of 2010, up over 63 percent compared to the first quarter of last year. Manhattan sales represented about 56 percent of this total value. Brooklyn and Queens each accounted for 17 percent of the total dollar value of sales, while Staten Island rep- resented 7 percent and the Bronx 3 percent. However, this New York City total dollar value was a 9 percent drop from the $7.9B figure for the total value of sales last quarter.

NYC RESIDENTIAL FOURTH QUARTER 2009

The New York City residential sales market in 4q09 continued to show signs of recovery as the positive indicators of the last quarter— increasing transactions and a slowdown in price declines--continued into the final quarter of the year. Sales volumes increased once again, both quarterly (20 percent) and year to year (17 per- cent). Citywide average home sales prices inched up one percent, quarter to quarter and year to year. In many areas of the market, we are seeing modest quarter to quarter increases, with some of these gains bolstered by a flurry of closings in new condominium buildings.

REBNY MARKET REPORT OCTOBER 2009

NYC RESIDENTIAL THIRD QUARTER 2009

The residential real estate market in New York City came back to life in the third quarter of 2009. Sales prices and transaction volume reversed the trend of falling quarter on quarter figures in many markets. These quarter to quar- ter market improvements were due to factors other than the typical summer boost in activity. These improved market indicators are repre- sented in much of the borough-wide data, and equally apparent when analyzing the neighbor- hoods by property class. Nevertheless, it should be stated that the recovery in the resi- dential real estate market in New York City is fragile ...

REBNY MARKET REPORT JULY 2009

REBNY REPORT MAY 09

Average sales prices of a home in New York City (which includes cooperatives, condominiums and one-to-three family dwellings) declined 23 percent to $660,000 in the first quarter of 2009 compared to the same time last year, according to the REBNY New York City Residential Sales Report released in April. Despite the overall decline, the report found that certain segments of the market showed signs of life: Queens condominiums saw a 21 percent jump to an average price of $486,000 and in Brooklyn, Greenpoint condominium prices increased 7% to $543,000. In Manhattan, TriBeCa condominium prices surged 57 percent ...

NYC RESIDENTIAL SECOND QUARTER 2009

Homes (includes all condominium, coopera- tive units and 1-3 family dwellings) ␣ The average sales price of a home in New York City during the second quarter of 2009 was $644,000, a 22% drop compared to the average price during the second quar- ter of 2008. The year on year change in the average price of a home in Manhattan was down 19% to $1,297,000; in Queens prices fell 13% to $403,000; in Brooklyn prices fell 12% to $503,000. Apartments (includes all condominium and cooperative units) ␣ The average sales price of an apartment in New York ...

REBNY MARKET REPORT APRIL 2009

REBNY MARKET REPORT JANUARY 2009

NYC RESIDENTIAL FIRST QUARTER 2009

Homes (includes all condominium, coopera- tive units and 1-3 family dwellings) ␣ The average sales price of a home in New York City during the first quarter of 2009 was $660,000, a 23% drop compared to the average price during the first quarter of 2008. The individual borough's average home price declines though were not as steep as the city wide number. ␣ The average price in Brooklyn was down 10% to $521,000. In Queens the average price dropped 8% year on year to $422,000. The year on year change on the average price of a home in ...

NYC RESIDENTIAL FOURTH QUARTER 2008

Homes (includes all condominium, coopera- tive units and 1-3 family dwellings) ␣ The average sale price of a home in New York City during the fourth quarter of 2008 was $669,000, a 10% decline from a year earlier. This decline continues a downward trend in all home prices since the beginning of the year. However, to provide another perspective, the fourth quarter 2008 price is still above the average price in the fourth quarter of 2006 and almost 17% higher than the average price in the first quarter of 2006 ␣ Manhattan was the only borough to post an increase in ...

THIRD QUARTER 2008

The average sale price of a home in New York City was $783,000 in the third quarter of 2008, slightly higher than a year earlier ($782,000). However, since the first quarter 2008 the average sale price has been declining, due in part to the reduction in the number of condominium sales whose average sale price is higher than all the property types that comprise the Home category as well as the decline in the sale price city-wide of 1-3 family dwellings. The Manhattan average sale price of a home was $1,492,000 in the third quarter of ...

SECOND QUARTER 2008

New York City's average sale price for a home (apartments and one to three family homes) rose 12% to $824,000 in the second quarter of 2008, compared to a year ago. This increase is attributable primarily to the continuing price increases for Manhattan apartments.

FIRST QUARTER 2008

The average sales price of a home in New York City reached $853,000 during the first quarter of 2008. This was an increase of 28% over the average price of a home in the first quarter of last year.

NYC RESIDENTIAL 2007

The average sales price of a home in New York City reached $732,000 during 2007. This was an increase of 15% over the average price of a home in 2006.

YOUR REAL ESTATE YEAR IN REVIEW

As the year comes to a close, we look back at 2017 which has been an exciting year for the real estate industry. With both its ups and downs as well as an upcoming tax reform plan that is highly promising to the city’s biggest developers and investors, here are some key takeaways that we can keep in mind as we move forward towards a new year filled with more opportunities.