Two office reports crossed my desk this week, and read side by side they tell you more than either one does alone. CRE Daily reported that new direct lease rents in Manhattan averaged $99 per square foot over the trailing twelve months through September, up 28 percent...
Nationally, the apartment market just crossed a line I have been waiting on for two years. CRE Daily, reporting RealPage data, said renters absorbed nearly 304,800 units in the year ending in the third quarter, while about 318,000 new units were delivered. That gap of...
In three weeks, Florida voters decide on Amendment 3, the proposal to raise the homestead exemption from $50,000 today to $150,000 in 2027 and $250,000 in 2028. Governor DeSantis says it would wipe out property taxes for roughly 60% of Florida homeowners. On a...
Two Realtor.com stories ran on Sunday that belong in the same sentence. One covered a Neighbors Bank survey showing first-time buyers are negotiating harder than they have in years. The other reported that Mike Fratantoni, chief economist of the Mortgage Bankers...
Deloitte just asked 950 commercial real estate executives where they are putting their money for 2027, and the housing group gave the strangest answer in the survey. Twenty two percent of housing respondents said they plan to divest or exit assets in the next twelve...
Realtor.com put out its Generational Housing Succession report this morning, and most of the coverage will read it as good news for house hunters. More homes are coming. Inventory gets restored. Buyers finally get some leverage.That’s the homeowner read. I want...
