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Category: Finance

Finance Selling housing for money or barter. Calculate the mortgage cost. Reduce maintenance costs.
Study: 26.1% of NY Metro Homes Are Paid Off

Amid rising mortgage rates and increased financial pressure on American households, one subset of homeowners stands out: those who have fully paid off their homes. A new study from consulting firm Construction Coverage examines mortgage p…

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Finance Icon for refinance, reinvestment, economy, mortgage, home, price, finance, borrower, equity, considerations
Refinancing in a High Interest Environment

In addition to death and taxes, fluctuating interest rates are pretty much a guaranteed fact of life. That reality raises a question for many co-ops with low interest underlying permanent mortgages coming due for refinancing: how to recast …

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Finance Financial literacy and investment. Handbook of knowledge in money management. Stock market. A young man or businessman reading a financial manual.
2024 July Financial Literacy for Board Members

When a condo or co-op resident runs for a seat on their board, the decision to do so generally comes from a desire to ‘step up’ and participate in the governance of the place they call home, and the building or association community as a wh…

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Finance Coin with arrows concept for funds transfer
Don't Bet on Flip Taxes

As 2023 draws to a close, the New York metro’s co-op and condominium communities are feeling the consequences of a long, slow, persistent market decline brought on by the pandemic, rising interest rates, and inflation. That decline has mean…

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Finance Project cost estimation, calculate budget or resources to finish work, financial plan, invoice or tax, expense or loan concept, businesswoman with calculator estimate cost from project document.
Understanding Your Monthly Financial Information

Congratulations! You’ve just been elected to the board of directors, and given your first monthly financial packet. Like many new board members, your first thought is, “This is so confusing. Glad I’m not the treasurer - I don’t have to unde…

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