Tag: new this week

In another indication of the ongoing slow-motion softening of the NYC co-op market, high-end co-ops are increasingly considering—and in some cases have already enacted—loosening their restrictions on financing. Buildings that previously man…

With inflation still elevated, home prices parked near record highs (despite some recent softening, particularly at the higher end), and insurance costs climbing, more homeowners are running out of cushion—heightening the risk of mortgage d…

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 …

According to a recent press release from the National Housing Coalition (NHC) the Trump administration added another set of tariffs expected to increase the cost of housing, this time targeting both lumber and timber imports, as well as…

Markets rise and fall, and rise again, and fall again—that’s the natural order of things in our economic system. But what about value ?  Are price and value the same thing? In a word, no. After all, there are lots of ways to define value…

This year New York City passed the first landmarks in the long road to compliance with Local Law 97, the Big Apple’s roadmap to carbon neutrality by 2050. Many have questioned the approach and ultimate possibility of success for this progra…

According to the National Housing Conference (NHC), a recent blog post from the Joint Center for Housing Studies of Harvard University indicates a growing number of metro areas where home prices are either declining or showing signs of …

Last month, 15 independent building service providers announced the formation of Manhattan Vendors Group (MVG), a new professional consortium aimed at fostering collaboration among vendors working with property managers, building owners, an…

According to a recent news item from the National Housing Conference (NHC), the Conference is leading a coalition of 28 affordable housing organizations and industry groups currently urging Senate leadership to bring the bipartisan Re…

While co-op and condo living may seem like the most basic example of true democratic government, the reality of how boards are chosen more closely resembles that of ruling party-controlled elections in totalitarian states, with candidates g…