Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading
Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory. Continue reading
Competition for condos has been fierce in the past year as buyers once again looked for homes nearer their cities’ urban centers. This follows an early-pandemic softening in the market segment. Continue reading
Luxury apartment sales surged approximately 226 percent year over year and almost 33 percent from the previous quarter, according to Douglas Elliman. Continue reading
With a rise in vehicle ownership and a decline in available street parking, Manhattan investors are betting big on car condos as New Yorkers prepare to return to in-person work. Continue reading
William Friedman, the architect who designed the Surfside condo building that partially collapsed in late June, had been suspended by Florida’s board of architecture in 1967 for designing buildings that could not withstand 1965’s Hurricane Betsy. Continue reading
Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Continue reading
A new Redfin report found that the median price of a condo hit an all-time high of $304,000 in June. Continue reading
The idea that the city is for condos and the suburbs are for homes is not reflective of a market in which suburban condo sales — and prices — are soaring. Continue reading
Zonda, a provider of data intelligence, lead generation and engagement tools to the homebuilding industry, is rapidly scaling up its capabilities through a string of acquisitions. Continue reading