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...The Brooklyn housing market was cooled last year by high mortgage rates....
...“Even in popular tourism areas, housing should not be a speculative asset dominated by private interests.”...
...Given Britain’s chronic housing shortage, holiday lets are an obvious target even if they are not the sole cause. Other countries and cities have already taken action....
...Meanwhile, vacancy rates in New York rentals are at a scant 1.4 per cent, their lowest level in 50 years, according to a recent Housing and Vacancy Survey....
...They initially focused on affordable housing and then progressed to rental apartments and, eventually, condominiums. Related has always emphasised Pérez’s love of art and architects....
...“We don’t think this bounce in housing activity will persist,” said Oren Klachkin, financial market economist at Nationwide....
...It also marked a shift from Related’s original thesis that Hudson Yards’ offices would primarily serve to drive traffic for its retailers and luxury condominiums....
...Existing home sales, which make up most of the US housing market, totalled just 4.09mn units in 2023, a 30-year low. Yet, median home prices hit a record high of $389,800....
...Foreign buyers have in recent decades invested heavily in high-rise condominiums in Canada’s major cities, often renting those properties out to citizens....
...It reminded me of our first meeting, in February 2022, when Riswold welcomed me into his high-rise condominium with a bit of gallows humour about how contracting Covid-19 could only improve the state of...
...In 2022, the supply of condominiums for sale in central Tokyo was just 10,800 units, according to consultancy Cushman & Wakefield, the lowest point for at least 20 years....
...Something similar can be said for housing, the other major soft spot....
...Authorities worldwide are increasingly targeting Airbnb as housing has become scarcer for local residents, rents have risen and cities have been overrun with tourists....
...Nationally, the pace of new single-family housing starts rose almost 10 per cent in July from a year before, the US commerce department said on Wednesday....
...It is also now home to the glass-and-steel facades of the district’s modest boom in high-end rental and condominium development....
...Some redundant offices will be converted into housing, but in many cases, restrictive zoning laws or unsuitable building structures make that impossible....
...From the ashes of that fiasco, Zillow began touting the idea of a “housing super app”....
...These chains benefited from the need for temporary housing for essential workers as well as staycationers who wanted to practice social distancing....
...Liqian Ren, who manages China investments at WisdomTree Asset Management, a US-based fund, said that many China-focused investors had concentrated on macro trends in housing and consumption, and had taken...
...The High Pressure Housing movement has urged the Italian government to support legislation that would empower cities to regulate their own local housing markets, and how residential units are used....
...Cigna pulls out of blockbuster deal to create insurance giant with Humana (FT) Occidental Petroleum agrees $12bn deal to acquire CrownRock (FT) Brookfield chides US bank regulator for ‘secret’ auction of housing...
...Sources: BroadbandNow, FT-Nikkei and Sido survey, GIS Planning, OAG Quality of life We considered the basics in this category: crime risk, school quality, commute time, and housing and healthcare costs...
...The Department for Levelling Up, Housing and Communities acknowledged it had “prioritised delivery over finding an optimal value provider” and accepted it should look elsewhere given “the costs could be...
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