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The US housing market tightened so severely last year that mortgage lenders began taking losses on home loans they originated for the first time on record, according to industry data.…
Some residential managers aren’t waiting for the last minute to make their buildings ready for Local Law 97, which kicks in at the year’s end and requires extensive changes in…
Not even the luxe real estate offerings of the Hamptons are immune from an ongoing slowdown in the US housing market. The median home sale price in the Hamptons fell…
Manhattan residential real estate sales plunged by 38% in the first quarter of this year while the average sales price dropped 5% as high interest rates put a dent in…
Turmoil in the US banking sector is already having spillover effects on the nation’s struggling housing market, which has been hammered by surging mortgage rates over the past year, according…
After graduating from high school, John Catsimatidis wanted to spend the summer of 1966 much like any teenage boy would — watching TV and lounging around on his parents’ couch…
Four US cities that experienced housing booms during the COVID-19 pandemic are set for major declines in home prices by the end of next year, according to Goldman Sachs analysts.…
New York City’s golden goose isn’t just losing its feathers, it’s coughing up blood, and the whole structure of government will need to adjust. Per the city Finance Department, the…
Even high-end luxury homes aren’t immune from the US housing market’s ongoing slump, according to the latest data released by real estate firm Redfin this week. Sales of luxury homes…
The US housing market’s deep freeze is likely to accelerate next year and result in the first year-over-year decrease in home prices in a decade, according to experts at real…