Home equity is one of the biggest contributors to household wealth. According to a Census Bureau report, two assets—home equity and retirement accounts—account for 63 percent of American households’ net worth. Yet, prior to the COVID-19 pan…
For many buyers, a key factor in deciding to purchase a home in a residential community rather than opt for private, single-family ownership is often the appeal of amenities that come with condo, co-op, and HOA living—pools, gyms, clubhouse…
While homelessness rates in the U.S. fell between 2007 and 2019, the problem has started to increase again. According to the U.S. Department of Housing and Urban Development, in 2017, the U.S. began seeing a rise in homelessness year over y…
Despite ongoing struggles across the NYC condominium and cooperative market as a result of both the COVID-19 pandemic and multiple factors depressing those markets even before the pandemic hit, Astoria continues to hold its own. According …
The holidays: a time for upholding long-standing traditions, usually involving festive gatherings of family and friends, communal meals, sacred services, gift exchanges, visitors, and, invariably, crowds—until this year, that is. The coro…
On August 17, 2020, Governor Andrew Cuomo announced that all gyms and fitness centers in New York State may reopen for operation on Wednesday, September 2, 2020. (Indoor group fitness classes may be delayed beyond that date.) Upon reopening…
In Part 1 of “Multifamily Energy Savings Solutions,” we introduced some relatively simple products and processes that individual owners or shareholders can adopt to reduce energy consumption and emissions and to save on their energy costs. …
While prices for both resales and newly-built condos and co-ops in Manhattan have seen a decline of as much as 30% as a result of the disruptions caused by the COVID-19 pandemic, prices for units in Brooklyn and Queens seem to be holding th…
As New York continues its efforts to reopen its economy as safely as possible amid the continuing (and in many states, intensifying) COVID-19 crisis, there is concern about what the residential housing market—which had experienced a decline…
Architectural Digest reports a new trend in amenities for multifamily residential buildings: on-site healthcare facilities or services that allow residents to receive medical testing or treatment at home. In this peri-pandemic era whe…