For the first time in many years, interest rate volatility is a factor in the housing market. The long period of low inflation and low-rate stability that characterized equity growth and a seemingly permanently turbo-charged housing market …
Late last month, NYC development and construction management firm New Empire Corp. announced the acquisition of neighboring sites for development in Flatbush, Brooklyn. Acquired for $18 million, the lots are located at 757-767 Flatbush Av…
According to a recent press release from the National Housing Conference (NHC), the income needed to buy a median-priced home in the United States has doubled since 2019 from $54,200 to $111,000 - and for new homes, the income required has …
According to an October 27 press release from online housing market tracker ShowingTime, home showing traffic continued its decline in September, according to the latest data from the company’s online Showing Index®. Affordability remains …
It’s that time of the year again—the Halloween candy is long gone, Thanksgiving turkeys are being ordered, and Christmas, Hanukkah, Kwanzaa, and New Year’s Eve are all approaching, complete with sparkly lights and ornaments, as well as a pa…
The real estate market since the start of the COVID-19 pandemic has been tough on all buyers, but aspiring first-time buyers may have struggled most of all. For much of 2020 and 2021, the housing market faced a challenging combination of h…
With both real estate and rental prices rising quickly over the last two years, U.S. households that don’t currently own their home are facing a major affordability crunch. A new study by Roofstock adds some interesting data to the disc…
Gen Z is hitting adulthood at a difficult time. Defined as those born between 1997 and 2012, most Gen Zers today are firmly in early adulthood or in their teenage years. Finding footing at this stage of life is challenging enough on its own…
Prior to the 1980s, the majority of New York City apartment buildings were rentals, owned by landlords. Then, in the 1980s, many landlords realized that it would be more financially advantageous for them to sell their buildings to the tenan…
President Joe Biden’s signing of the Inflation Reduction Act earlier this week has been heralded as the most far-reaching and comprehensive legislative plan to fight climate change to date. Among many other things, it provides millions of d…