Amid new capital controls out of Beijing, Chinese investors are now pulling back and that pullback is now affecting the flow of cash coming to New York’s real estate market among other U.S. cities and industries. Starting the end of last year and continuing into early 2017, Chinese regulators have rolled out a series of capital controls to help stabilize the country’s weakening currency and promote investment within China. Those restrictions have lowered the ceiling on how much money Chinese ...

NYC’s residential market started 2017 with $12.5 billion worth of sales — up 15 percent from 2016, according to a report from the Real Estate Board of New York (REBNY). The uncertainty of Q4 2016 amidst the presidential election and rising interest rates did not slow down the condo market. Instead, condo prices in Manhattan, Brooklyn and Queens soared to new records in Q1 2017 and pushed the city’s overall average sales price up to $1.02 million. In Manhattan, the ...

After consecutive months in the doldrums, the Miami-Dade real estate market showed some signs of revitalization in March. According to the latest monthly report by the Miami Association of Realtors, sales for single-family homes in Miami-Dade set a new record last month, jumping to 1,276 from 1,168 (or 9.2 percent) over March 2016. This tops the previous record for March of 1,242 homes sold in 2015.

The number of townhouse and condo sales also rose 2.3 percent year-to-year to ...

Jason Barr, an urban economist at Rutgers University, created an interesting index that measures the price of Manhattan land from 1866 to 2013, using data on sales of vacant land. In the four decades following the Civil War, NYC emerged as the economic capital of the U.S. And as Barr’s index reveals, rapid business and population growth boosted the price of land and spurred the construction of the city’s first skyscrapers. And between 1900 and 1930, Manhattan land prices rose ...