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Contract negotiations began on March 5th between 32BJ SEIU—the labor union representing more than 34,000 doormen, porters, superintendents, and other building staff in the city—and the Realty Advisory Board on Labor Relations (RAB), represe…
If you’re involved with a co-op or condo—whether overseeing operations, managing properties, or supporting building decisions—you’re constantly balancing budgets, compliance, projects, and resident expectations. The real challenge isn’t jus…
According to a new study on behalf of construction industry researchers Construction Coverage, after more than two years of stiff competition and fast-rising prices, the U.S. residential housing market experienced a rapid cooldown t…
As we head into 2026, Manhattan remains expensive by virtually any standard. According to market-watchers, the median sale price for both co-ops and condos on the island still hovers around $1.1 million, with all-cash purchases accounting f…
According to a recent item from the National Housing Conference (NHC) in Washington, DC, home prices have surged far faster than local incomes over the past two decades. According to the NHC, a new analysis from the Federal Reserve Ba…
In the 1980s and early 1990s, Manhattan’s Upper West Side still had many modest prewar co-ops relative to today’s market. Sales records from the mid 1990s show classic wood-floored two-bedroom co-ops in prewar doorman buildings on the UWS s…
American families are facing a convergence of economic pressures that are redefining what it means to live comfortably. After years of elevated inflation, the cost of essentials, from housing and groceries to transportation and health care,…
Managing a residential building in New York City is no small feat. Whether you’re a board member entrusted with fiduciary responsibility or a property manager tasked with keeping everything running smoothly, you’re doing it all: balancing b…
While the COVID-19 pandemic briefly shaped housing policy with protections like mortgage forbearance, the challenges homeowners face today are driven less by temporary disruptions and more by persistent affordability issues. With inflation …
As home prices continue to climb across the United States, housing affordability remains a critical concern for both prospective buyers and policymakers. A new study on behalf of construction industry research firm Construction Covera…