Warehouse construction is booming, especially near large cities and transportation hubs. The national vacancy rate is 4.3 percent, the lowest in 20 years, according to CBRE.
Amid shutdown, those without much savings are struggling to make their rent and mortgage payments.
CNBC’s Robert Frank reports on what made 2018 a very bad year for New York City real estate.
The numbers are surprising, given that homebuyers and homeowners looking to refinance could have taken advantage of lower interest rates.
The number of home sales in Manhattan fell 14 percent in 2018, the steepest drop since 2009, according to new data. The median price for an apartment in New York City fell below $1 million for the first time in three years in the fourth quarter.
CNBC’s Diana Olick reports on how the government shutdown is impacting the U.S. housing market.
CNBC’s Ylan Mui and Diana Olick break down what the government shutdown means for the real estate market as the shutdown enters its 12th day.
After two years of a competitive and overpriced housing market nationwide, fewer cities are now considered ‘overvalued.’
There could be another bear market under way – in New York City real estate.
Sears is expected to close another round of stores early next year, as the bankrupt department store chain now tries to stay afloat via a $4.4 billion bid from its chairman, Eddie Lampert.