First-time buyers hit a record low share of the homebuying market last year, with only 24% of homebuyers saying they were purchasing a home for the first time — a substantial drop from the 32% who said the same the year prior. Meanwhile, baby boomers were the largest cohort of homebuyers last year, making up 42% of all homebuyers.

Morgan Properties, the country’s largest privately held apartment landlord, has agreed to pay $501 million for 11 multifamily properties across the Midwest, the latest wager that the region’s lack of supply provides fertile ground for rent hikes.

A near-record-low 30 million square feet of net-new retail was built nationwide last year, compared with 221 million square feet in 2006.

The Twin Cities again has the highest level of commercial real estate distress among all major U.S. metros. The Minneapolis-St. Paul MSA, had a 49.7% distress rate, which measures the current balances of CMBS loans that are distressed against all such loan balances. Behind Minneapolis, the metro areas of Providence, Rhode Island, saw a distress rate of 45.4%, while Rochester, New York, experienced a 35.7% distress rate. The overall distress rate for all loans across every metro was 10.8%, as of last month.

The average sale price of golf courses tracked reached more than $6.87 million last year, up 38% from an average of just under $5 million in 2023. The last time the average price reached that level was 2007, shortly before the financial crisis and Great Recession.

Park Avenue’s vacancy rate has fallen to 8.9%, its lowest rate since the end of 2018. Manhattan and U.S. office vacancy overall sits at 16.1%.

U.S. existing-home sales rose 4.2% in February from the prior month to a seasonally adjusted annual rate of 4.26 million. That was far better than economists estimated decrease of 3.2%.

The federal government is the country’s largest land owner, controlling 650 million acres, or more than a quarter of all U.S. land.

Total global real-estate fundraising by private-equity firms that invest in real estate was $10 billion in the fourth quarter of last year, a five-year low.

Blackstone closed this week on an $8 billion commercial real-estate debt fund, matching the record for this type of investment vehicle and offering another sign of a property-market rebound.