Category Archives: Real Estate News

One World Trade Center, the so-called Freedom Tower currently under construction in Lower Manhattan, technically became New York City’s tallest building on Monday, as workers erected steel columns on the 100th floor, 1,271 feet above the street, to make it stand 21 feet higher than the Empire State Building’s observation deck. The Freedom Tower, which […]

(Bloomberg) – Potential homebuyers and sellers are growing more confident that the U.S. real estate market will begin to recover as soon as next year, according to a Prudential Real Estate survey. Some 60% of people surveyed last month had positive views about the housing market and 70% expected property values to improve over the next […]

Feverishly working to wrap up two deals during Thanksgiving weekend, developer Joseph Sitt barely had time to sit down for dinner with his family. But by the following Tuesday, Thor Equities’ chief executive had much to be grateful for. That day he signed contracts to buy two Manhattan development sites, one on Fifth Avenue and […]

The Federal Reserve announced on Wednesday that it will not increase its benchmark interest rate until at least late 2014, saying that record-low rates are still needed to help boots the still sluggish economy. Hot Feature: Gravity of Debt Crisis Casts Shadow on World Economic Forum in Davos After a two-day meeting of the Federal Open Market Committee, […]

By MEG HANDLEY For those looking for a bright spot amid the barrage of depressing data recently, news that housing prices were up for the third month in a row might have buoyed morale a bit. The latest data from the Standard & Poor’s/Case-Shiller homeprice index showed that home prices in the nation’s largest metropolitan areas ticked up […]

from: Reuters (Reuters) – Housing starts rose more than expected in June to touch a six-month high and permits for future construction unexpectedly increased, a government report showed on Tuesday, likely reflecting growing demand for rental apartments. COMMENTS: LINDSEY PIEGZA, ECONOMIST, FTN FINANCIAL, NEW YORK “It’s stronger than expected in starts and housing. But nevertheless […]

From Bloomberg U.S. commercial property prices rose 1.3 percent in October from the previous month, the second consecutive monthly gain, Moody’s Investors Service said. The Moody’s/REAL Commercial Property Price Index climbed 3.2 percent from a year earlier, Moody’s said in a report today. Demand is rising for the best office buildings in major markets including […]