The city’s most recent report about rent-stabilized units says landlords’ profit was up 12.1% between 2022 and 2023.

America’s housing market is showing increased interest from international buyers. The data showed the share of home shoppers who came from outside the U.S. grew from 1.3% in the first quarter of 2020 to 1.9% during the same time this year. It was also up from 1.7% in the fourth quarter of 2024.

A Swiss building-materials company will spinoff of its North American operations, Amrize, the biggest cement provider and second-biggest commercial roofing provider in North America. It will debut as a public company with a market capitalization of $30 billion, marking the biggest spinoff so far this year.

Apartment occupancy among the nation’s 50 largest metro areas stayed steady in May month-to-month, at 95.7%, but is up 90 basis points year-to-date. And while all of those markets posted annual growth in occupancy, 40% were down on a monthly basis.

The number of property demolitions and the pace of office conversions into residential buildings are accelerating. Developers, meanwhile, have greatly slowed new office construction because of questions about future tenant demand. As a result, the amount of office supply in the U.S. is on pace this year to contract for the first time in a quarter of a century.

Pending sales in the luxury segment of the housing market have fallen to their lowest level nationally in more than a decade. Luxury housing prices were up 6.5% year over year as of April, and pending sales were down about 10%, that’s about three times the decline of pending sales observed within the non-luxury housing market.

Mandated return-to-office levels are at their highest point in the last three years, with 56% of human-resources leaders saying their companies had such policies now in place. The percentage of organizations without a mandated policy dropped from 12% in 2023 to just 5% this year.

RealPage is facing dozens of price-fixing lawsuits and class actions from state regulators and private plaintiffs. The Justice Department is also suing the company and several major landlords that use its software alleging its pricing software enables illegal landlord collusion, causing rent spikes.

Sales of previously owned homes in April fell 0.5% from March to a seasonally adjusted, annualized rate of 4 million units- the slowest April pace since 2009. There were 1.45 million homes for sale at the end of April, which at the current sales pace represents a 4.4-month supply- the highest level in five years.

There were more $30 million-plus home sales below 34th Street in the past five years than in the previous decade. Since 2023, the area has seen more than $1 billion worth of home sales above $20 million.