According to the latest batch of New York City market reports, Brooklyn home buyers are seeing higher prices and less inventory. And the last time national homeownership was this low, Sonny and Cher’s “I Got You Babe” topped the charts. Check out the mid-year investment sales reports for Manhattan, Brooklyn, Queens and the Bronx, plus more in our roundup of the week’s real estate market reports.
Q2 2016 U.S. residential vacancies and homeownership: U.S. Census Bureaus
The national homeownership rate fell to nearly 63 percent in the second quarter, the lowest level since 1965. Read the full report here.
Q2 2016 Manhattan and Brooklyn residential sales: StreetEasy
Brooklyn home prices were up in the second quarter while inventory remained low. In Manhattan, inventory increased over last year. Read the full report here.
Properties affected by the sale of NYC tax liens: NYU Furman Center
New York City sold tax liens on more than 15,000 properties in Manhattan, Brooklyn, Queens and the Bronx between 2010 and 2015. Most of those properties were concentrated in eastern Brooklyn and southeast Queens. Read the full report here.
Mid-2016 Manhattan investment sales: Ariel Property Advisors
In Manhattan, the number of investment property trading was down in the first half of 2016. The multifamily market, however, continued to show strength. Read the full report here.
Mid-2016 Brooklyn investment sales: Ariel Property Advisors
Brooklyn’s multifamily market remained steady in the first half of the year, although there were fewer sales of offices, development sites and and commercial properties. Read the full report here.
Mid-2016 Queens investment sales: Ariel Property Advisors
Queens saw fewer dollars and number of investment deals in the first six months of 2016 compared to the same period last year. Read the full report here.
Mid-2016 Bronx investment sales: Ariel Property Advisors
The Bronx’s investment sales market grew in the first half of 2016, while the rest of the city experienced drop in the number of sales. Read the full report here.