Housing Market Heats Up Again in New York City
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A burst of activity has broken out in 2007, sending prices higher despite sluggish sales in many other cities.
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Brokers say the Jersey City office market is tight right now and in the last year, rents there have risen smartly.
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Stoop sales have become big business in some Brooklyn neighborhoods.
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Sales of previously owned homes nudged up in November, but that was not enough to improve the broader picture of a market racked by record-high foreclosures.
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The sale of Starrett City, the sprawling low and moderate income complex on Jamaica Bay in Brooklyn, illustrates an exuberant real estate market, experts say.
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For the first time since March, sales of new homes rose in August.
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Landlords are enjoying booming times these days as more people are choosing to rent.
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The East Village has been dragged up-market, but isnât going without a fight.
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U.S. mortgage applications rose for a  second consecutive week, driven by increased demand for home  purchase loans as interest rates remained near a recent  four-year high, an industry trade group said on Wednesday.
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The number of homes put up for sale surged in May as sellers tried to beat the launch of HIPs.
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U.S. housing starts jumped a  larger-than-expected 6.4 percent in October to the busiest pace  since December as buyers took advantage of low mortgage rates,  a government report showed on Wednesday.
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As mortgage defaults rise, more houses are being put up for auction  -  and more people are seeing a chance to make big bucks. But there are risks
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Sliding home prices are bringing out buyers in Greater Boston, increasing sales, reducing inventories, and even reviving bidding wars in some communities.
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The stock market is once again poised to set new record highs, and Wall Street will be watching this week's data on the housing market to decide whether to forge ahead.
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NEW YORK -- Mortgage rates have jumped this week, propelled higher by news of strengthening in the economy. Rates on 30-year fixed-rate mortgages are averaging 5.82 percent in the new survey from mortgage company Freddie Mac.
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Foreign tourists are keeping brokers busy with their eagerness to buy up Manhattan apartments.
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Pending sales of existing U.S. homes advanced a stronger-than-expected 4.9 percent in December, the biggest monthly gain since 2004, a real estate agents' trade association said on Thursday in a report showing some stability in the housing market.