Pied-à-Terre Tax and Lost Abatement Hit Wealthy NYC Owners

Out-of-state owners of $5M-plus New York homes face the city’s new pied-à-terre tax and the loss of a primary-residence abatement, the Wall Street Journal reports.

October 14, 2026

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Sun Belt Apartment Recovery Turns Sharply Uneven

The region’s building boom is unwinding at very different speeds from Austin to Tampa.

October 14, 2026

Texas Job Growth Triples the Nation’s as Mortgage Rates Top 7%

Texas keeps outhiring the country, but a 7% mortgage rate and a Fed hike test how long the gap can hold.

October 14, 2026

Manhattan Office Vacancy Falls to 12.6%, Its Lowest Since Before 2020

Broad-based demand pushed Manhattan office vacancy to its lowest point since before 2020, and tenants are paying up for space.

October 13, 2026

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Texas Job Growth Triples the Nation’s as Mortgage Rates Top 7%

Sun Belt Apartment Recovery Turns Sharply Uneven

Manhattan Office Vacancy Falls to 12.6%, Its Lowest Since Before 2020

PIMCO Warns the 10-Year Treasury Yield Could Still Climb Toward 6%

The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Texas Job Growth Triples the Nation’s as Mortgage Rates Top 7%

Texas keeps outhiring the country, but a 7% mortgage rate and a Fed hike test how long the gap can hold.

THE TAKEAWAY

Sun Belt Apartment Recovery Turns Sharply Uneven

The region’s building boom is unwinding at very different speeds from Austin to Tampa.

THE TAKEAWAY

Manhattan Office Vacancy Falls to 12.6%, Its Lowest Since Before 2020

Broad-based demand pushed Manhattan office vacancy to its lowest point since before 2020, and tenants are paying up for space.

THE TAKEAWAY

PIMCO Warns the 10-Year Treasury Yield Could Still Climb Toward 6%

A bond-market veteran says higher yields may not be done, and borrowers should plan for it.

THE TAKEAWAY

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