There’s no doubt about it: Things aren’t looking so great for commercial real estate, especially for office space. Look no further than a revised forecast issued earlier this month by a group of researchers from New York University and Columbia University, which predicts that office values in New York City alone will plummet a staggering
Econ & Housing
From the beauty of its parks, greenways, and trees, to the continued economic growth, the Triangle attracts people from all over the country who are looking for a great place to live, work, and raise a family. Cindy Poole Roberts, founder of Merriment Realty, is a Raleigh native and has witnessed the incredible growth the
As Asian American and Pacific Islander (AAPI) Heritage Month draws to a close, which traditionally takes place in the month of May, a new report from Zillow has found that Asian and Pacific Islander-headed households face higher housing payment burdens than any other race. According to Zillow, Asian mortgage applicants have low denial rates overall,
On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. The quick takeaway here is that total active listings in the U.S. are still near all-time lows and the demand has stabilized. If home sales
BRYAN, Texas (KBTX) – In the current housing market, there are more buyers than there are houses available, according to real estate experts. Cherry Ruffino says at this time last year, her team had about a two to three week inventory of homes, but right now, they have a 90-day inventory of homes. “Home sales
After seven consecutive months of decline, home prices climbed for a second straight month in March as low inventory levels persist. Locally, five metro areas, reported by S&P Dow Jones Indices, experienced negative home price appreciation in March. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at
A “Big Short” investor who predicted the 2008 housing crisis fears history could repeat itself because the mortgage market is underestimating the systemic risk posed by flooding. Dave Burt, CEO of investment research company DeltaTerra Capital, made millions off the subprime mortgage crisis while working for New York-based Cornwall Capital. Cornwall’s success was later profiled in