NYC pilot program to offer $395K to homeowners building extra housing
The Plus One ADU, short for ‘accessory dwelling units’, would help owners build additional housing for tenants.
NYCHA residents and migrants spar over food, resources in Queens
Tensions are rising between NYCHA residents and newly-arrived migrants over limited food and resources.
East Harlem NYCHA complex gets $8M for flood prevention
According to residents of the Clinton Houses, an NYCHA public housing facility at 108th and Lexington in East Harlem, flooding is a major issue.
New Rochelle residents frustrated over uninhabitable apartments post-Hurricane Ophelia
Residents at the Dorchester Gardens apartment complex in New Rochelle haven’t been able to move into their homes since September when remnants of Hurricane Ophelia dumped a deluge of rain and water into their apartments.
NYCHA unveils new safety proposal for e-bike owners
NYCHA has proposed new rules for owning and operating e-bikes for its tenants after a string of deadly fires across the city.
Report: You would need to earn six figures to afford a median-priced home in the US
The Associated Press reported that home sales continue to decline but prices continue to climb.
Airbnb faces lawsuit as Upper West Side landlords demand $3M over Local Law 18
Two Upper West Side landlords are suing Airbnb citing violations of Local Law 18, the city’s newly enacted short-term rental law.
Is NYC the worst city for renters in America?
Is New York City actually the worst city for renters in the United States? The answer might surprise you!
US housing market needs 1M more homes to satisfy demand
National Association of Realtors Chief Economist Lawrence Yun argued that policy changes could boost housing supply. The shortage of homes is keeping upward pressure on prices.
Housing in NJ to provide independent lifestyle for autistic adults
A single mother, with the inspiration of her autistic son, is building a new housing project in New Jersey to give autistic people an opportunity to live more independent lives while also continuing to receive the services they need.
Ribbon-cutting for new affordable housing complex of NYC hip-hop museum
A ribbon-cutting ceremony was held for a new affordable housing complex in the Bronx Thursday at the future home of the Universal Hip-Hop Museum.
Mayor Adams unveils housing plan: 100,000 new homes over the next 15 years
Part of the initiative also does away with parking requirements for apartment buildings linked to pricey parking garages.
Monthly home prices hit all-time high, driving pending sales down
Monthly home prices have hit an all-time high in recent weeks, driving down pending home sales by as much as 28%.
Average Manhattan rent remains over $5,500 a month
The average rent in Manhattan is now $5,552 a month, while the median rent remains at $4,400 a month.
New NYC law cracking down on short-term rentals takes effect
Questions remain over whether Local Law 18, a law aiming to regulate booking service platforms like Airbnb will ultimately ease the city's housing shortage or have unexpected adverse effects.
Residents rally for affordable housing instead of another homeless shelter
Officials want permanent solutions to homelessness, not expensive quick fixes.
Airbnb limits some new reservations in NYC as new short-term rental laws take hold
Officials and housing advocates pushing for the new rules say they're necessary to protect the city’s housing stock and to stop apartments from becoming de facto hotels.
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage
The US housing market may be trapped in a prolonged freeze
Fannie Mae economists predicted in a revised forecast that the U.S. housing market faces a prolonged downturn due to high mortgage rates and limited supply.
Thousands of NYC's rent-stabilized apartments sat empty, IBO report says
Rent-stabilized apartments are highly sought after in New York City. But more than 13,000 such apartments sat vacant for at least two years between 2021 and 2022.