Q. I am a shareholder in a Mitchell-Lama cooperative. My question is this: If I have concerns about the results of the board of directors election, how can I get an independent person to recount the votes and confirm the tally? Management…
According to a recent study by consulting firm Construction Coverage, the cost of buying a home in the New York City market is nearly half again as expensive as renting one. Then findings confirm a trend that’s been ongoing for a …
According to a surprising recent report from consulting firm Construction Coverage ranking the ‘Hottest Real Estate Markets of 2024,’ the NYC metro market ranks 48th out of 52 large U.S. cities. “While 2023 marked a notably more subdued…
Q. The bylaws of [my co-op] currently charge utility costs—water, sewer, heat/AC, and electricity—to our shareholders on the basis of the number of shares each unit is assigned. The shares apportioned are variable depending on unit size, …
When purchasing a residence in a condominium, homeowners association or a co-op, you by default agree to reside in a community association. You live in relatively close proximity to your neighbors and equally share the right to utilize comm…
Finding vendors and service providers for your building or association can be like trying to find the proverbial needle in a haystack. How can you tell whether a law firm has seasoned co-op/condo law experts on their team? How do you know w…
Q. The bylaws of [my co-op] currently charge utility costs—water, sewer, heat/AC, and electricity—to our shareholders on the basis of the number of shares each unit is assigned. The shares apportioned are variable depending on unit size, …
On Friday, May 20 32BJ SEIU building workers - a group that includes doorpersons, superintendents, resident managers, handypersons, concierges, and porters in the city's residential and commercial buildings - voted overwhelmingly to ratify …
A new study released by national nationwide consulting firm Construction Coverage shows that New York metro area mortgage payments have increased over 53% in just the last two years. The study set out to identify the markets where hom…
For most households, housing is itself the largest regular expenditure - so the failure of wages to keep up with housing prices can make housing costs even more expensive in real dollars. And since the onset of the pandemic in spring of 202…
According to a new report from Construction Coverage, a website that compares construction software and insurance, the current housing shortage—which is now estimated to be between 4 million and 7 million homes—can trace its beginnings …
A new study from consulting firm Construction Coverage looking at the locations where millennials are buying the most expensive homes indicates that New York metro millennials are spending 1.6% more on homes than their agemates na…
While the economy has largely recovered from the unprecedented uncertainty and instability brought on by the COVID-19 pandemic, the 2024 release of a report on mortgage delinquency rates by U.S. city and state conducted by Construction …
Construction industry research publisher Construction Coverage just released the 2024 edition of its Home Improvement Spending Report , with some interesting data specific to the New York-Newark-Jersey City metro. Key Findings for the…
Following the tragic partial collapse of Champlain Tower South in Surfside, Florida in June 2021, the Community Associations Institute (CAI) convened a trio of task forces to explore laws and best practices for the community association…
The results of a recent study conducted by digital real estate marketplace HomeAdvisor reveal that Americans relate to and interact with their neighbors very differently today than in decades past. According to the company’s report based …
According to a new study by Construction Coverage, a website that provides construction insurance guides, looking at the U.S. locations with the most millennial homebuyers, Millennials—generally regarded as individuals born between 1981…
Local Law 97 (LL97), part of New York City’s drive to achieve a zero carbon footprint by 2050, looms large for both the city’s landlords and the boards of shared-interest communities. The cost of compliance is high, and the process complica…
Community association and co-op boards typically consist of elected volunteers whose job is to serve the best interests of the community in day-to-day decisions both big and small. In an ideal world, every board would live and die by its fi…
The World Property Journal reports that the costs to comply with regulations imposed by all levels of government account for an average of 40.6% of multifamily development costs nationally. The National Association of Home Builders (…