Builders continue to take financial hits to try to lure buyers

New York's apartment pipeline is one of the fullest in the nation with 20,000 units under construction

The decline follows two previous quarters when the index rose

Housing inventory is expected to rise by around 30% as more sellers begin to list

Rent growth in low rent suburbs has outperformed higher rent suburbs (and urban core) counterparts

There is underlying structural demand for office space along the quality and pricing spectrum.

The Midwest was the hardest market for renters to break into, with three cities among the top five nationally

Deal volume amounted to just $18.3 billion for October – 68% below the figure for October 2022