The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

TRD New York /
Jun.June 03, 2015 04:05 PM

The latest batch of reports from around the industry found that pending home sales hit a nine-year high in April and average wages for New York City construction workers fell flat in 2014.

Residential 

April 2015 pending home sales: National Association of Realtors

Pending home sales in April rose for the fourth consecutive month and hit a nine-year high. Sales rose 3.4 precent from the previous month are up 14 percent year-over-year.  Read the full report here.

2015 US mortgage rates: Freddie Mac

U.S. mortgages rates rose to its highest levels so far in 2015 during the final week of May. The average rate for 30-year fixed rate mortgage was up 3.87 percent, a 3.84 percent increase from the previous week. Read the full story here.

Manhattan luxury contracts May 18-24: Olshan Realty

Twenty-six contracts were signed for Manhattan apartments priced $4 million and above during the third week in May. The week’s biggest contract was a fourth-floor apartment at 823 Park Avenue. The nine-room apartment had an asking price of $13.7 million.  Read the full report here.

Other

2014 NYC construction: New York Building Congress

The average wage for construction workers in the private sector rose less than one percent in the first nine months of 2014, and have hardly budged since 2012. Read the full story here.


Related Articles

arrow_forward_ios
A rendering of  280 Meeker Avenue CW Realty Management CEO Cheskie Weisz (CW Realty Management)

CW Realty to bring mixed-use project to troubled Williamsburg site

 561 Greenwich Street (Credit: Google Maps)

Trinity Church to construct another Hudson Square office tower

Jerome Powell and New York City construction in October 2019 (Credit: Getty Images)

The Fed lowers rates, and once again real estate is loving it

Housing and Urban Development Secretary Ben Carson (Credit: Getty Images, iStock)

HUD wants to jumpstart bank lending on low-income homes

Lenders issued the most mortgages in 14 years last quarter (Credit: iStock)

Nonbank lenders could give serious boost to cooling housing market

The complaint claims that union officials discouraged him from investigating certain cases (Credit: iStock)

Whistleblower lawsuit accuses carpenters’ union of brushing off claims of corruption, fraud

The number of closed sales fell by more than 14 percent year over year in the third quarter (Credit: iStock)

Low mortgage rates are killing Manhattan’s all-cash buyer

From left: Katerra COO Paal Kibsgaard, Softbank CEO Masayoshi Son, and Katerra CEO Michael Marks (Credit: Katerra, Getty Images, and iStock)

SoftBank-backed construction startup Katerra acquires two more firms

arrow_forward_ios