Aluminum prices soar, adding to construction headaches
Aluminum prices have surged 47% in 2021. Aluminum is used in roofing, fencing, siding, gutters, insulation, nails, and many other products connected to construction.
Over $100K a year in income needed to pay rent in NYC
A study shows that households would need a yearly income of more than $100,000 to afford an apartment in New York City.
CDC's COVID-19 eviction moratorium blocked by Supreme Court
The Supreme Court is allowing evictions to resume across the United States, blocking the Biden administration from enforcing a temporary ban that was put in place because of the coronavirus pandemic.
NYC has nation's most expensive rent: Report
According to a new report, New York City has unseated San Francisco as the city with the most expensive rent in the nation.
Businesses getting creative as NYC commercial real estate tries to rebound
Commercial real estate in New York City was struggling before the pandemic. Now, businesses are getting creative as they try to mount a comeback.
New York housing market could be cooling off
New data show sales of newly built homes dropped in June to the lowest since the first month of the coronavirus pandemic
Long Island commercial real estate activity in a lull
A recent report by Avison Young found leasing volume has fallen 42% below the 20-year annual average.
Epstein's New Mexico ranch listed for $27.5 million
A sprawling New Mexico ranch belonging to deceased financier and convicted sex offender Jeffrey Epstein is on the market for $27.5 million.
Kendrick Lamar’s Riverside County home listed at $800k, TMZ reports
Grammy award-winning rapper Kendrick Lamar's Riverside County home has been listed at $800,000, TMZ reports.
Mansion in Pacific Heights sets record for most expensive house sold in San Francisco
The 11,000-square-foot home was built in 1931, by the heirs to the Hills Bros. Coffee fortune, and has stunning views of the bay and the Golden Gate Bridge.
Survey: Nearly two-thirds of millennials regret buying new home
Getting a house around the tri-state area is getting harder and harder for some buyers, with inventory low and prices soaring. Some new homeowners are even starting to regret their decision.
'Darth Vader House' hits Houston market, on sale for $4.3 million
You don’t know the power of the dark side! But for $4.3 million, you most likely will as one massive Houston home just hit the market.
Facing huge rent hike, Neir's Tavern in Queens to close after 190-year run
Neir's Tavern is known as "the most famous bar you've never heard of." It has been a staple in the neighborhood but will close its doors for good on Sunday.
‘Historically’ high lumber prices adding more than $35K on average to new home price tag
While many businesses have slowed during the COVID-19 pandemic, the home-building industry has seen a boom — but it could be at risk due to a lumber shortage that has triggered skyrocketing prices for the material.
Federal judge throws out national eviction moratorium, DOJ appeals
The Department of Justice is fighting to keep a national eviction moratorium in place after a federal judge invalidated the measure that aids financially strapped tenants during the COVID-19 pandemic.
Long Island man goes 20 years without paying mortgage, evading evictions
A man has been avoiding eviction from his Long Island home for more than two decades after making only one mortgage payment and repeatedly battling banks and realtors in court, according to court documents.
Lumber prices skyrocket during the pandemic
Home prices have skyrocketed throughout the pandemic, but so has the cost of the materials needed to build and improve them.
'Warehousing': Why New York City landlords don't list all their empty apartments
UrbanDigs reports landlords have now shelved 50% of Manhattan's unrented apartments. The real estate world refers to this as "warehousing."
Homes selling faster than ever even as prices rise to all-time highs
About 59% of homes that went under contract had an accepted offer within two weeks of hitting the market.
Long Island homeowners brace for flood insurance hikes
Sen. Chuck Schumer has objected to a FEMA plan to revise federal flood insurance rates. Some Long Island homeowners say they are worried they could face huge hikes in their insurance rates.