Over the past several years the Manhattan luxury condominium market has endured a major uprise. In 2015, condo sales totaled approximately $5.4 billion. CityRealty projects that amount to nearly double by 2018 at $10.3 billion.

CERCO Daily: When it comes to summer in New York City, people find it a bit more difficult to spend their time in the concrete jungle. The mixture of intense humidity and pollution urges people to escape when they get the chance. For many, their getaway desires lead them to the luxurious homes of the Hamptons.

Starting on July 1st, 2016, Connecticut will officially become the first state to introduce a 15%  hotel tax on its Airbnb customers.

For so long, New York City (NYC) has been the head and center of the US Real Estate (RE) market. It's superiority in the RE industry is a direct result of NYC being the center of the world in nearly every capacity. However, many top RE developers have found it difficult to continue expanding their business profiles in NYC. With New York experiencing rapid growth in property occupation since the early 1990's, the market has become extremely tight. There isn't much room to work with in the local communities, prices continue to skyrocket, and cap rates are low. 

Wall Street Journal discusses new trend in US Commercial Real Estate: Foreign Investors Begin Pouring Money into US Commercial Real Estate, Viewing Them as Safe and Stable Investments.