Over the last year, housing prices have grown significantly faster in metro areas like Boston (4.4%), New York City (4.4%), Minneapolis (3.7%) and Los Angeles (3.4%) than Dallas (1.9%), Atlanta (1.4%), Houston (0.3%) and Tampa (-0.6%).
Over the last year, housing prices have grown significantly faster in metro areas like Boston (4.4%), New York City (4.4%), Minneapolis (3.7%) and Los Angeles (3.4%) than Dallas (1.9%), Atlanta (1.4%), Houston (0.3%) and Tampa (-0.6%).
Manhattan office leasing activity reached 10.5 million square feet in Q2 2026, matching Q1’s pace and keeping the market on track for its strongest year since 2019. Availability fell to 14.1%, its lowest level since 2020.
The delinquency rate for multifamily loans in commercial mortgage-backed securities jumped from 1% in October 2023 to 7.1% this year, the biggest increase of any major property type.
The distress rate in commercial real-estate collateralized loan obligations hit 28% in August, a jump from 19% in July. Most of the recent rise in distress in the CRE CLO market is driven by loans that were issued in 2021, when property values were at all-time highs and borrowing costs were at all-time lows.
U.S. apartment landlords face more than $1.8 trillion in debt coming due over the next decade, with about $757 billion maturing from now to 2028. Landlords must refinance at borrowing rates that are roughly double the levels of five years ago, when many of the original loans were made.
Airbnb is committing an initial $250 million investment to provide gap financing for housing projects, prioritizing affordable and mixed-income housing. The company will distribute the funds to developers through the Airbnb Housing Accelerator program, with returns expected to be below market rates.
U.S. existing-home sales fell 2% in August to a seasonally adjusted annual rate of 3.98 million, the lowest level in more than a year. The national median existing-home price in August rose 1.6% from a year earlier to $429,100.
Mall values rose 13% over the past year, outperforming all other commercial property sectors. But despite recent gains, mall values remain far below peak levels from a decade ago, and some investors remain skeptical of the retail experience.
Centerspace, a major owner of rental properties in Minnesota and several other states, is merging with Philadelphia’s Independence Realty Trust in an all-stock deal valuing the combined company at $8.1 billion, creating a portfolio of more than 44,000 apartment units.