The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

New York /
Nov.November 30, 2016 05:45 PM

According to the latest batch of market reports, the national housing market is expected to see slow growth next year, home prices dropped in October in two of New York City’s most expensive neighborhoods, and mortgage applications spiked in the week after the presidential election.

Residential

Home purchase applications: Mortgage Bankers Association

Lenders saw a spike in new mortgage applications the week after Trump was elected. The number of homebuyers who filed for mortgages was up 5.5 percent over last year. Read the full report here.

October 2016 residential sales: StreetEasy

Residential prices declined in North Brooklyn and Downtown Manhattan, two of New York City’s priciest areas, and Manhattan’s price growth is at its slowest pace in five years. Read the full report here.

2017 Housing forecast: Realtor.com

Realtor.com forecasts the national housing market will see only modest growth in 2017. Nationwide home prices are expected to increase 3.9 percent and home sales will grow 1.9 percent in the next year. Read the full report here.

2016 Equality indicators: CUNY Institute for State and Local Governance

Nearly a third of all renters in New York City are extremely rent burdened, and Hispanic and Asian residents are the most likely to be rent burdened. Read the full report here.


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Compass CEO Robert Reffkin (Getty)
Compass lost $101M in Q2; will no longer offer equity to new agents
Compass lost $101M in Q2; will no longer offer equity to new agents
One Brooklyn Bridge Park units 427/8 and 1115 (StreetEasy, Google maps)
One Brooklyn Bridge Park condos top Brooklyn luxury market
One Brooklyn Bridge Park condos top Brooklyn luxury market
Larry Silverstein with 120 Broadway
Housing agency nabs two floors at Silverstein’s 120 Broadway
Housing agency nabs two floors at Silverstein’s 120 Broadway
The Ritz-Carlton New York NoMad (The Ritz-Carlton New York, Illustration by Priyanka Modi for The Real Deal with Getty)
Ritz-Carlton NoMad model nails short-term rental loophole
Ritz-Carlton NoMad model nails short-term rental loophole
95 Charles Street (Illustration by Kevin Cifuentes for The Real Deal with Getty, Streeteasy)
Manhattan luxe sees 28 contracts signed in first half of August
Manhattan luxe sees 28 contracts signed in first half of August
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...