Mortgage Rates Have Jumped And Builders Are Moving To Adapt
Mortgage rates spike, making the affordability math a lot worse. Here's the outlook — and what homebuilders are going to have to do about it.
Reality Check: Mamdani’s “transfer” program gets started
When Mayor Zohran Mamdani on Thursday announced the “transfer” of a rent-stabilized portfolio, I thought: Have the socialist property seizures begun? In one sense, yes, because the mayor is dangling city resources to steer buildings plagued by frozen rents to a buyer he likes. And because he likes t
Manhattan office market closing in on pre-Covid reality
Manhattan’s office market is advancing away from its post-pandemic recovery story. Tenants leased 3.25 million square feet in August, according to Colliers, putting the month 13 percent above the five-year monthly average and 16 percent above the 10-year average. Leasing was down 16 percent from Ju
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