Renting and Leasing (Real Estate)
Inflation slowed last month thanks to cheaper fuel and airfares.
Jan. 10 Jan. 11 Jan. 12 3,880 3,900 3,920 3,940 3,960 3,980 The stock market wobbled on Thursday morning as investors reacted to fresh data that showed price increases slowed in December but in some corners of the economy, inflation remains stubbornly high. The S&P 500 stock index fluctuated between small gains and losses in […]
Know More
New York Renters Are Now Paying the Price for the ‘Covid Discount’
“It breaks our heart,” she said. “We had lived in that neighborhood for eight years. We knew every single doorman. We knew people in the neighborhood. We were hoping to blend our former lives with our new lives and that was an opportunity that was not given to us.” Many New Yorkers moved during the […]
Know More
Solving the Housing Crisis Means Building When No One Is Buying
Last year, Freddie Mac estimated the nation’s housing supply deficit at 3.8 million units, up from 2.5 million in 2018. Other analysts come up with different figures, but pretty much everyone agrees that the country hasn’t been building nearly enough homes to keep up with demand, especially for middle and lower-income families. The failure to […]
Know More
What’s Up With the Crazy Housing Market?
But if you need a home now — and you can stomach the roller coaster — the world is looking a little brighter when you squint. Yes, your monthly payments will be higher than they would have been had you bought a few months ago. But the low rates of 2020 and 2021 weren’t entirely […]
Know More
Relief Eludes Many Renters as Fed Raises Interest Rates
Already, new home construction has dropped sharply as borrowing costs climb, declining 14.4 percent in May to the lowest rate in more than a year. Early data suggest that apartment construction is also taking a hit — something industry executives can attest to. David Wali, who runs the Boise office of the Gardner Company, a […]
Know More
In Buffalo, New Apartments Sprout Up in Vacant Warehouses
BUFFALO — Buffalo was riding a decade-long economic turnaround when a racially motivated attack by a gunman killed 10 people in May, overshadowing the progress. While the city grieved, it also had to reckon with unflattering portrayals of the East Side, the impoverished neighborhood where the massacre took place. Those harsh takes tell only part […]
Know More
Rents Are Climbing, Keeping Inflation High
The cost of renting an apartment or home is climbing quickly, keeping inflation high and making life tougher for households on a tight budget. The price of renting a primary residence climbed by 5.2 percent in the year through May, with the cost rising 0.6 percent compared with the prior month, matching its quick pace […]
Know More
For New York to Get Better, Times Square Has to Get Worse
The sensory-overloaded tower will offer visitors the chance to do quite a lot, all in one place: They will be able to sing along with a hologram of their favorite pop star, spend their cryptocurrency, marvel at ever-changing digital art on the walls and dine on a 10,000-square-foot outdoor terrace. It will be an enviable […]
Know More
My Roommate Won’t Pay Rent and Won’t Leave. What Can I Do?
Q: Two years ago, my wife and I got a roommate to share the rent-stabilized apartment in Manhattan that we’ve lived in for 40 years. A year ago, he stopped paying rent for his room — he didn’t claim job loss or another hardship, he just refused to pay. We do not have a written […]
Know More