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Rent for studio in Manhattan down -21.6% when considering concessions, according to Miller Samuel Appraisers
Rent for one-bedroom -19.1% and rent for two-bedroom -12.5% when factoring in concessions
Leasing activity increased +33% in October
It hasn’t been this good for Manhattan renters since 2008 and the financial crisis. And, the second shoe, an almost inevitable second lockdown due...
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Pending sales, home prices and new listings all up compared to one year earlier
Median home sale price climbed +15% y/y to $321,553, the highest median home sale price ever
43% of homes that went under contract did so within first two weeks on the market
Despite there being a slight pause in real estate action during election...
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Agents/brokers can delegate listings tours and client questions to AI bionic robots
Robots equipped to provide virtual reality tours, capture 360-degree videos, tenant screenings, portals for rent payments, lockboxes for on-demand property viewings and drone-based imaging
Chatbots also making headway into real estate process
2017 was a pivotal year for AI bionic robots. That was the year robots...
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According to CoreLogic, rent prices for single-family homes grew +2.5% y/y in September
This +2.5% rent price growth represents biggest growth rate since pandemic outbreak
Rent price growth driven by mid-to-high priced rentals
Single-family rent prices increased +2.5% y/y in September 2020, according to CoreLogic’s Single-Family Rent Index (SFRI). Nationally, single-family rent price growth came in just half...
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New listings surging in prime London market
Average home prices in UK hit +4.7% annual growth
Sellers in prime London are increasingly looking to sell their homes. According to data from LonRes just released, new listings were up a whopping +68% y/y in October as listings numbers began to substantially ratchet up in August and September of the...
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Foreclosure filings increased +20% in October compared to September’s filings, according to ATTOM Data Solutions and its RealtyTrac company
Despite this +20% monthly increase, foreclosure filings down -79% compared with same time last year
ATTOM Data Solutions and its RealtyTrac foreclosure listings portal indicated in its latest October 2020 US Foreclosure Market Report that foreclosure filings (scheduled auctions,...
