The value of a typical U.S. home in 2021 was $321,634, an increase of $52,667 from 2020.
The value of a typical U.S. home in 2021 was $321,634, an increase of $52,667 from 2020.
The number of construction job openings as of January is 380,000, that’s up from 299,000 a year prior.
Co-op and condo sales in Manhattan reached record levels last year, in part due to pent-up demand following limited activity in 2020. The median sales price for all apartments in the borough topped $1.1 million, the second-highest level of the past decade.
The estimated value of the typical U.S. home rose 19.6% to $321,634 in 2021, an increase of $52,667 from 2020.
41% of office tenants say they plan to use more flexible space as a result of the pandemic, up from 29% in 2020.
More than 2,300 homes at the $10 million-plus price point sold last year among 30 major luxury housing markets in the U.S., a 111.6% increase from 2020.
A reappraisal analysis found a collective reduction of $9.03 billion in value among 719 commercial properties reappraised since the pandemic, all of which are facing some form of distress.
Blackstone has agreed to buy rental apartment owner Preferred Apartment Communities in a $5.8 billion deal. Atlanta-based Preferred Apartment owns over 40 rental apartment properties with about 12,000 units in states including Georgia, Florida, North Carolina and Tennessee. Preferred Apartment also owns 54 shopping centers anchored by grocery stores. About 70% of the deal’s value is in its rental apartments.
There were 23,204 U.S. properties with foreclosure filings in January, which is up 29% from the month prior, 139% from the same time a year ago and the highest rate since the start of the Covid-19 pandemic.