The volume of refinancings last week was nearly three times higher than a year earlier.
The storm is a wake-up call for an area that's been a magnet for wealthy homebuyers over the past decade.
Marc Weidner of Benefit Street Partners sees potential in the U.S. multifamily housing sector.
The Standpoint Multi-Asset Fund makes the case that they are.
She also said there's “a little bit more slack” now in the US job market."
Amid lower mortgage rates, borrowers are flocking to shave thousands of dollars off annual payments.
Appetite for office-to-residential conversions is growing across New York.
Falling borrowing costs are enticing potential buyers back.
Prices in Miami have risen by almost 50% since the end of 2019.
Sales in general have been subdued after the worst spring selling season in more than a decade.
The firm's former drab offices are set to be turned into 571 apartments by the middle of next year.
This vehicle finances commercial real estate debt. Money managers expect a spike in demand for such loans.
The average for a 30-year, fixed loan was 6.09%, down from 6.2% last week.
The housing industry is counting on more interest-rate cuts by the Federal Reserve.
The partnership represents a vehicle for BlackRock to offer alternative investments to affluent retail investors.
Builders are weighing inventory levels against brighter demand prospects if borrowing costs fall.
Rates on a 30-year fixed mortgage have fallen nearly 160 basis points from a recent peak in October 2023.
The firm's economists say pent-up homebuyer demand could lead to a sales surge in the fall.
The value of buildings has broadly dropped after higher interest rates boosted funding costs for property owners.
The presidential candidates have been forced to offer solutions to a mounting U.S. housing squeeze.
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