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…
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…
A recent headline-making settlement by the National Association of Realtors (NAR) is poised to substantially change the way residential realtors’ commissions are paid on real estate sales in the United States for the first time in a century…
According to a new report from consulting firm Construction Coverage, only 17.0% of NYC housing units are single-family—the smallest share among all large U.S. cities. Since the peak of the U.S. housing bubble in the early 2000s, the p…
While experts predict an improvement in mortgage markets and builder outlook for the U.S. housing market in 2024, the number of new communities and existing home sales will be subject to a series of domestic and international issues. The ge…
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…
The national housing market for 2023 will likely be remembered as one of converging challenges, especially for the multifamily sector. A recession possibly looming, ballooning interest rates, steady inflation, global instability, and a stri…
With most home moves occurring between April and September, now’s the perfect time for homeowners to start preparing to sell their homes, according to the Northern Virginia Association of Realtors® (NVAR) which recently released six tip…
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 …
Q. I live in a gated community and the manager seems to be controlling the board rather than vice versa. She has filled vacant board seats without an election—some new residents don’t even know that we’re supposed to hold elections. The b…