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Billionaires Row Continues to be Challenged

Miller Samuel

It's been no secret that super luxury Manhattan sales have been the hardest hit segment of the market since 2014. The slowdown is related to the oversupply of new development created from the vast amounts of capital looking for a home since the financial crisis.

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The (New) Tallest Chart In The History Of Manhattan Real Estate

Miller Samuel

I have done this before, first in 2012 when the famed $88 million penthouse sale at 15 Central Park West launched the global "super luxury" "aspirational pricing" phenomenon and the subsequent 2014 Michael Dell penthouse sale at One57 of $100.5

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Downtown Raleigh Apartment Construction

Benyon Commercial Appraiser

Development of large apartment complexes in downtown Raleigh continues at impressive levels. Driving though the area, one can see new construction on nearly every major street. Through most of 2014, strong investor demand has compressed capitalization rates for new construction into the low 5.0’s.

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Rate buydowns are the cat’s meow in today’s market

Housing Wire

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” in 2022, the weakest showing since 2014. Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We

Marketing 410
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Triangle Multifamily Investment Market Continues to be Strong

Benyon Commercial Appraiser

The Triangle multifamily/apartment investment market continues to experience demand for new construction, Class A complexes. Some of the most recent deals include: (Raleigh) August 2014 – Meridian at Wakefield, 369 Units, $137,000± per unit. Durham) July 2014 – The Heights at South LaSalle, $185,000± per unit.

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New home sales are at risk with rising mortgage rates ?

Housing Wire

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. Census Bureau and the Department of Housing and Urban Development. months and above, the builders will pull back on construction. percent (±11.9 percent (±13.7

Mortgage 491
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New home sales make it clear: Housing is in a recession

Housing Wire

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. We talked about this in March , and even last year, when I wrote about the problem with the housing construction boom premise. “I don’t expect a boom in housing construction.