Con Edison, which provides energy for roughly 10 million people living in New York City and Westchester County has estimated that power bills this summer will be a whopping 11-12% higher than in 2021.
In a preliminary vote, the Rent Guidelines Board voted 5-4 to propose rent increases on one-year leases for apartments and lofts by 2%-4%, and by 4%-6% on two-year leases.
Since the COVID-19 pandemic, more people are moving out of big cities, driving up housing prices in smaller markets like Boise.
Numerous tenants who faced eviction after the end of New York’s eviction moratorium in January had their overdue rent paid by an anonymous person.
New Yorkers who live in the city's rent-controlled apartments are bracing for a vote from the Rent Guidelines Board that could see nearly 1 million apartments see as much as a 9% rent hike.
After community pushback, New York City is scrapping one of the four planned homeless shelters set to go up in and around Chinatown.
Home sales are falling as interest rates rise, but when will we see home prices go down? Experts say not quite yet.
Many people who left New York City during the pandemic have returned. So the rising rents are due to supply-and-demand forces.
More than 32,000 workers, including doormen, handymen, porters, concierges, and superintendents, now have a tentative contract deal with landlords that includes the biggest raise they have ever received — about 12% over four years.
One-year leases could see a hike between 2.7 and 4.5%, while two-year leases could jump between 4.3 and 9%.
Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5% for the first time in more than a decade amid persistent high inflation.
New Yorkers living in some of the city's most expensive building may soon have to open their own doors and fend for themselves if doormen and other staffers go on strike.
The budget is set to boost pay for health care and home care workers, shave 16 cents off the cost of a gallon of gas through December and help New Yorkers with unpaid rent and utility bills.
Activists were attempting to prevent city officials from dismantling a Manhattan homeless encampment as part of a new initiative by Mayor Eric Adams.
A survey showed that New Yorkers want to see more police around but they don't necessarily want them to handle mental health cases. New Yorkers also are concerned about rising rents.
Rents went down when people moved out of New York City during the onset of the pandemic. But now demand is up and supply is down, causing rents to rise — in some cases by a lot.
A $1 billion oceanfront development in Queens — touted as energy-efficient and storm-resilient — will include shops, apartments, community centers, and a nature preserve.
New York City has a huge backlog of eviction and other housing-related cases.
New York City officials are planning to remove makeshift shelters set up by homeless people on city streets, mirroring similar efforts in other liberal metropolises that had previously tolerated the encampments.
After undergoing an $82 million renovation, Covenant House New York provides young people experiencing homelessnes with much more than a safe haven.