If you’re a homeowner seeing property values plummet, look to the commercial real estate market for solace. It might tell you which areas will recover fastest - and which will likely remain weak.
The Urban Land Institute recently asked 700 real estate professionals to name the best (and worst) places to invest in commercial real estate [...]
Hope is quietly spreading across the lifeless Staten Island real estate market following the Obama victory that the new president will take immediate action to help homeowners.
Trudy Scafiddi, who is trying hard to save her Huguenot home, symbolizes the kind of troubled constituent President-elect Barack Obama will face when he takes office in January.
She and [...]
The New York City housing market is more active than others around the country, but that’s working out better for whites and Asians than it is for blacks and Latinos. That’s according to an analysis of recent financial data gathered by the Furman Center for Real Estate and Urban Policy. Director Vicki Been says from [...]
A report shows that the Manhattan rental market has decreased slightly over last year.
The New York rental brokerage firm Citi Habitats says the price for all apartments, excluding one-bedroom apartments, dipped slightly between July and September compared to the same period last year.
One-bedroom apartments increased 1.7 percent.
The dip may seem to indicate a weakness in [...]
Property developers and financiers - including international companies that have invested heavily in everything from trophy office buildings to Brooklyn residential renovations - are being whiplashed by the spreading credit crisis, which has brought New York’s real estate market to a screeching halt.
Some are rushing to draw down credit lines before they are withdrawn, while [...]
As insulated as Long Island real estate has been through past recessions, experts say the recent collapse of financial firms on Wall Street will eventually result in lower prices and higher vacancies in commercial properties here.
The departure of Bear Stearns, Lehman Brothers and Merrill Lynch put the fate of more than 3 million square feet [...]