Research

The median sale price of a residential unit in Manhattan in the fourth quarter of 2017 was $1.06 million, which marked the third consecutive quarter where the median sale price increased as compared to the same period a year earlier. However, the fourth quarter median price was 9.4% lower as compared to the third quarter 2017 median price of $1.17 million.

Strong demographic trends, diverse economic base and healthy job creation will remain attractive to investors and encourage investment activity amid low transaction volume of newer multifamily assets in Houston last year.

A deep dive into the statistics shows that food/coffee establishments are continuing to post strong growth, while retailers facing competition from on-line outlets have considerably contracted their respective footprints in the New York metro region.

The report notes that while several new large public works projects have came on line this year, the residential housing sector in the borough has accounted for more than 50% of the construction starts in the first nine months of this year.

The average American renting family cannot afford the holidays without $549 in savings, according to RENTCafé.

As it does the market must get ready for a “new normal” of changed renter demographics, according to a report by the Joint Center for Housing Studies of Harvard University.

On a more positive note investing conditions grew modestly stronger in many metro markets during the quarter compared to the preceding quarter, according to Freddie Mac.

While the trophy and Class A market downtown faces growing risks of oversupply, less than 10% of buildings with a contiguous available block greater than 20,000 square feet are of a creative nature, JLL says.