Before the pandemic, the premise of working from home (WFH) was largely contained to Fridays and the occasional long weekend by only about 10 percent of full-time employees. However, over the past eight months, the percentage of people not going into the office has quadrupled....
Renters are returning to Manhattan after a pandemic-fueled exodus, causing a 30 percent surge in new leases compared to 2019, according to an Elliman Report analyzing November data. Marking the strongest November in a dozen years, there were over 4,000 new leases signed with an average...
The National Association of Realtors (NAR) said that its Pending Home Sales Index (PHSI) is down for the second consecutive month, dropping 1.1 percent after months of steady gains. “Pending home transactions saw a small drop-off from the prior month, but still easily outperformed last...
Homeownership is still the best, largest and often only major investment that most Americans make. But price fluctuations, skyrocketing taxes and hefty maintenance costs have many homeowners looking for another way to keep a roof over their heads while still having a stake in real...
As property executives report their quarterly earnings, some landlords are starting to put the squeeze on retailers that have skipped rent payments as a means to survive pandemic-triggered lockdowns. Although most landlords claim to have worked with tenants amid COVID-19 lockdowns, they are starting to...
The COVID-19 pandemic has been good for the real estate market. Consumers have become homebound over the past half-year or so, and perhaps unsurprisingly, many have a renewed focus on ensuring their home is right for them. Meanwhile, millennial consumers have drastically picked up the pace...
The number of new homes sold in the U.S. in September was lower than the number sold in August, according to a joint report by the U.S. Census Bureau and the Department of Housing and Urban Development. The houses sold were at a seasonally adjusted...
Plummeting commercial real estate prices could cause steep bank losses as people continue to work from home and shop online amid the global pandemic, according to a CNBC report on Sunday (Oct. 25), citing a study from Oxford Economics. Current inactivity caused by COVID-19 is...
Home buying is up — at a heady pace, for the fourth straight month. Behind the data lie a slew of lifestyle changes and demographic shifts, which may have positive ripple effects for the SMBs that line Main Street, and bode well for consumer spending...
