Leonard Hong: Housing crisis? You ain’t seen anything yet

OPINION: Against the predictions of most economists early last year, the housing market has boomed through Covid-19. Since March last year, house prices have risen by 20 per cent, rents by 12 per cent. During the period, the economy suffered

U.S. existing home sales unexpectedly rise in January

WASHINGTON (Reuters) – U.S. home sales unexpectedly rose in January despite tight inventories boosting house prices.FILE PHOTO: A newly constructed single family home is shown as sold in Encinitas, California, U.S., July 31, 2019. REUTERS/Mike Blake/File Photo The National Association

Recent Commercial Real Estate Transactions

Recent Sale $2.375 MILLION 236 Kingsland Avenue (between Nassau and Driggs Avenues) Brooklyn This 4,875-square-foot apartment building in Greenpoint contains six free-market apartments, all of which have two bedrooms and one bathroom. It was built in 1931 and last changed

U.S. economy improving; rising COVID-19 cases a threat

WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased more than expected in May and business activity contracted moderately this month, suggesting the economy was on the cusp of recovering from the recession caused by the COVID-19 crisis. But