A report from the New York Times. "For thousands of luxury condo owners in New York who have received deep tax breaks for a decade or more, the taxman is coming. The end of those benefits, through an expired program…
A report from the Times of London in the UK. "There are streets in London that may boast more expensive land. Others can claim to have higher average property prices. Yet none can compete when it comes to the sheer…
A report from the Dallas Observer in Texas. "Khraish Khraish is no longer in the low-rent landlord business. Three years ago, Khraish was among several large-scale landlords targeted by the former mayor and City Council in a campaign to drive…
It's Friday desk clearing time for this blogger. "The median price for a single family home in the nine-county region fell nearly 3 percent to $805,600 from the previous October, according to Zillow. The median price of a home in…
A report from Crain's New York Business. "The market has changed since 2012, when Extell’s One57 tower in Midtown reached over $1 billion in purchases in six months, touching off the city’s luxury construction boom. Extell followed that Billionaires’ Row…
A report from Mansion Global on Massachusetts. "October ushered in a sales slowdown in the greater Boston housing market, with year-over-year sales volume of single-family homes hitting a 20-year low. The number of closed units fell 38.7% annually, compared to…
A report from Morningstar. "Real Estate sales in Canada are booming and as a result, prices are being pushed higher. For those who can't afford to buy investment properties though, at these prices, does it even make sense to invest…
A report from the Reno Gazette Journal in Nevada. "Although turning over houses at a profit was a popular strategy during Reno-Sparks’ housing rebound, flipping activity has cooled as home prices reached record highs. Since peaking at $420,500 in May,…
A report from the Commercial Property Executive. "Does multifamily property management have a particularly weak spot right now which could be hit in case of a recession? Diana Batayeh, the CEO of Village Green: Building new apartments and improving existing…
A weekend topic starting with two reports from 7 News in Australia. "CoreLogic reports that 2599 homes went under the hammer across all capital cities this week, returning a preliminary auction clearance rate of 72.9 per cent. It believes 'fear…