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…
Compared to previous generations, Millennials (those born between 1981 and 1996, give or take) have a conspicuously low rate of homeownership. While the ranks of millennial homeowners have expanded slightly over time, the numbers still fall…
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…
Being a co-op or condo owner often means multi-tasking—especially if you happen to serve on your building's board. To keep your home in good repair and to comply with Local Law 11 and other city building codes governing façade repai…
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 …
As the nation starts to regain a semblance of normalcy with COVID-19 vaccinations on the rise and restrictions beginning to ease, legislative dockets have filled with bills and proposals that have ramifications for the co-op, condo, and HOA…
Just like breathing and sleeping, slips and falls are a natural part of life—whether it's momentarily stumbling on a sidewalk or briefly losing your footing in the shower. Most of us would regard such incidents as one-offs. But judging by t…
According to a recent report from Construction Coverage, a website that compares construction software and insurance, becoming a homeowner remains largely out of reach for many Americans, despite home price growth stabilizing. A recent …
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…
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…
Last week we looked at the trend toward rebranding existing residential properties, the reasons why a co-op or condo community might decide to rebrand, and the potential effect of such a decision on property marketability and value. This we…
According to the latest data from the U.S. Census Bureau, the median annual property tax paid by homeowners was $2,578 in 2019, or 1.03 percent of home value - not a huge percentage on average, but many households pay far more than this bas…
According to a new report by construction industry advisory firm Construction Coverage, after stiff competition and fast-rising prices—approximately 40% in a two-year span—the residential housing market began cooling in the second half …
America’s homebuyers have had an extraordinarily difficult few years. Heavy demand and scarce inventory in late 2020 and 2021 led to record growth in prices, while high inflation made it more difficult to save up for a home. As the Federal …
New York City is known for its hustle - after all, as the song says: if you can make it here, you can make it anywhere. But if ‘making it’ here includes owning a median-priced home, a new report by nationwide moving coordinators HireAHe…
The U.S. has long suffered from an inadequate supply of housing. From a slow recovery in new construction after the Great Recession, to onerous zoning regulations and building codes, to the recent impacts of inflation on building materials,…
If you've noticed a lot of new scaffolding and safety netting going up throughout the city, you may be onto something. 2003 and 2004 are setting up to be substantial years for new residential development. The very nature of developmen…
With both real estate and rental prices rising quickly over the last two years, U.S. households that don’t currently own their home are facing a major affordability crunch. A new study by Roofstock adds some interesting data to the disc…
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…
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…