The past few years have seen a dramatic swing from the red-hot market for condos and co-ops nationwide to the more challenging conditions markets around the country are experiencing today. Some of the underlying factors for this shift are b…

With inventory limited, demand high, and prices even higher, the housing market in New York City—and indeed, the whole country—is in a state of crisis. It’s one of the few things lawmakers, activists, and nearly anyone trying to purchase a …

Among the many factors necessary for multifamily residential buildings to achieve financial stability, proper budget planning, compliance, and trust among shareholders, effective fee management is one of the most important. Understanding th…

The first day of work can be intimidating; there are new coworkers, new tasks, new routines, and lots of new names and faces to remember. Whether the new hire in question is a super, porter, custodian, or other on-site staff member, that ac…

The right property management team can make or break a building. While basic day-to-day maintenance and financial oversight often take priority when managing a multifamily property, comprehensive property management also includes building s…

On December 23rd, the Fifth Circuit Court of Appeals issued a decision staying the nationwide injunction issued by the U.S. District Court for the Eastern District of Texas earlier this month.  This court order reinstates the deadline for f…

As property values continue to outpace inflation, property taxes are taking a bigger bite out of homeowners’ wallets. A new analysis from consulting firm Construction Coverage breaks down property tax rates by state, county, and city to…

As 2024 draws to a close, boards and managers should be aware of new legislation which profoundly impacts admissions practices in community associations in New York City. The legislation, popularly known as the Fair Chance for Housing Act,…

Construction Coverage just released the newest edition of its  U.S. Cities With the Most Mortgage Refinances  report, with data specific to the New York-Newark-Jersey City, NY-NJ metro. While mortgage refinances declined nationally by ne…

Local Law 157 was passed to prevent tragedies like the 2014 East Harlem and 2015 East Village gas explosions. By requiring the installation of natural gas detectors in all residential units with gas appliances by May 1, 2025, the law intend…