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The Aire, a 310-unit building in Manhattan, traded for $265 million.
Also, first-time buyers made up an astonishing half of all home buyers last year
Home prices also posted sharp declines in Phoenix, Austin, and Jacksonville.
Cost of capital is coming down, spreads are coming in and a sharp decline in new supply.
Baby boomers are the top group of homesellers.
YoY profitability for January 2024 shows gross income rose more than expenses – but that could be short lived.
Dollar Tree, Dollar General, and Walmart have their strategic reasons.
Marginally better debt conditions and has helped grease-the-wheels for activity.
Home prices outpacing wage growth, rising interest rates, and a supply shortage create challenges.
Macroeconomic indicators bring optimism to multifamily, industrial, retail.