Manhattan’s Retail Rents Plunge by Largest Amount in Five Years
Manhattan retail rents plunged again, even as the city starts to come back from the depths of the pandemic.
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Democrats lobbed fresh attacks on private equity firms Thursday, blaming the industry for driving up rental costs and contributing to America’s affordable housing shortage.
Zeng Jie’s uncle was once China’s vice president. Her grandfather served as Mao Zedong’s minister of internal affairs.
(Bloomberg) -- Sales of previously owned U.S. homes rose in September by the most in a year, suggesting a slight easing in home-price growth and lower mortgage rates a month earlier provided a tailwind for demand.
(Bloomberg) -- Mortgage rates in the U.S. continued to climb.
Home prices in Canada's largest housing market climbed to yet another all-time high last month as red-hot activity in the detached property market offset a condo market that turned south.
The average selling price for all homes across the Greater Toronto Area climbed to $968,318 in October, representing a 13.7 per cent increase from a year earlier and marking a fifth consecutive month of record-breaking prices.
Total sales jumped 25.1 per cent year-over-year in October as 10,563 properties traded hands in the GTA, according to data released by the Toronto Regional Real Estate Board (TRREB) Wednesday.
And it was the highest-priced segment of the market that saw the most heat, as sales of detached properties surged 33.9 per cent amid 5,263 transactions. That helped lift the average price for a detached home in the Greater Toronto Area nearly 15 per cent to $1.205 million.
Meanwhile, Toronto's once thriving condo market was anything but in October as sales in the city fell 8.5 per cent year-over-year and the average price inched up 0.8 per cent to $668,161.
"Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighborhoods. In contrast, condo buyers have benefitted from much more choice compared to last year," said TRREB President Lisa Patel in a release