Looks like there are fewer cranes on the skyline these days. That’s because there are fewer construction projects rising as The Real Deal reports.
Dodge Data & Analytic’s also reported that construction on commercial and multifamily buildings fell 27% year-over-year to $7.2 billion in the first half of 2017. That’s a 63% drop from the $19.3 billion worth of starts in the first six months of 2015.
Pricing isn’t way down, but the number of units trading is down. Several …
by Riccardo Ravasini 
New York City remains a pipe dream for the vast majority of people who flock here every year to try launching acting and comedy careers, but there are some residents who can actually afford real estate.
The investment platform Sharestates analyzed numbers for New York City to determine which neighborhoods make more sense to buy in than rent. Sharestates used calculations for return on investment, after repair value, increase in demand over the past year and median sales price for …
by Riccardo Ravasini 
The good news for Miami apartment hunters is that rents haven’t gone up since the spring.
Since this spring the rents haven’t gone up that’s a good news for Miami apartment hunters. The bad news is Miami is one of the 10 most expensive cities in the U.S. for renters.
Zumper report says Miami Beach is one of the priciest parts of town, with the median rent for a one-bedroom reaching $2,300 in South Pointe and $2,250 in the Oceanfront …
by Riccardo Ravasini 
Latest report by Miami Association of Realtors says sales of existing luxury condos rose 51.1 percent year-over-year in July. The chairman of the Miami Association of Realtors said that “Sellers are becoming more realistic with their prices, especially at the top of the market.”
Luxury single-family home sales rose 9.6 percent year-over-year in July, from 73 to 80.
Existing condo sales increased 2.5 percent, from 1,104 to 1,132.
The median sales price was flat at $225,000.
Total sales volume …
by Riccardo Ravasini The first signs of distress have emerged in several pockets of New York City’s commercial real estate market in recent months, The Real Deal Magazine reports. Retail vacancies, declining hotel revenues and foreclosures are among the indications that the market might be inching closer to financial instability. The influx of troubled loans is a product of the 2007 lending boom, and $90 billion in commercial mortgage backed-securities across the country are set to mature this year.
In Brooklyn and Staten …
by Riccardo Ravasini Home buyers went on a shopping spree in Miami-Dade in May — and snapped up enough houses to set a new record, the Miami Herald reports.
Sales of single-family homes surged to a new high last month with 1,344 closings — a 9.9 percent increase in the number of homes sold over the same month in 2016 and besting the previous record of 1,276 transactions in May 2015. Mid-market homes — properties listed between $200,000-$600,000 — comprised 71.9 percent of …
by Riccardo Ravasini