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.

An estimated $957 billion of the $4.8 trillion in outstanding commercial mortgages held by lenders and investors is expected to mature in 2025 — a 3% increase from the $929 billion that matured in 2024.

Moody’s CMBS Conduit/Fusion Delinquency Tracker ticked up to 8.17% in April, surpassing the previous pandemic peak of 7.95% in July 2020. In April, $2.31 billion in loans entered delinquency, 52.6% of which was secured by office loans, 17.2% secured by retail loans and 8.8% secured by hotel loans.

Live Nation committed to lease a 5,300-seat entertainment venue at Centennial Yards, the more than $5 billion mixed-use megaproject under construction next to the Atlanta Hawks’ basketball arena and Mercedes-Benz Stadium.

Retailers vacated nearly 6 million more square feet than they occupied during the first three months of the year. That marked the weakest quarter for shopping-center leasing since the onset of the pandemic in 2020.

Brookfield raised $5.9 billion for its new real-estate fund in the first quarter, signaling growing investor appetite for distressed commercial property. Brookfield is taking advantage of the sharp drop in property prices, buying foreclosed properties and relatively healthy ones where sellers want to cash out. The fund has invested about a quarter of its money, mostly in apartment buildings and warehouses, at prices well below replacement cost.

Boston’s office-vacancy rate has increased to a record 14.2% from 6.7% in 2019.

Office demand in New York is back at pre-pandemic levels, with 7.9 million square feet of office space in Manhattan leased in Q1.

Homeowner insurance premiums increased about 33% on average from 2020 to 2023. The more likely a home is considered to have a higher disaster risk, the more those homeowners pay — about $500 more per year in 2023 than those who don’t live in a place considered a high-risk disaster area.