NYC Rent Guidelines Board votes to increase rents
The Rent Guidelines Board voted to raise rents on one- and two-year leases on the city's 1 million rent-stabilized apartments and lofts. Find out by how much lease renewals are going up.
NYC rent hike hearing
New York City's Rent Guidelines Board is supporting rent increases between 2 and 4% for one-year leases and between 4 and 6% for two-year leases for rent-stabilized apartments.
Shaquille O'Neal unveils basketball court, 'Shaq Tower' in Newark
Newark celebrated new developments in recreation for kids as well as housing in downtown, all thanks to the involvement of NBA legend and Newark native Shaquille O'Neal.
Company offering $2,000 to unleash 100 cockroaches in your home: Here's why
They are looking for 5 to 7 household owners for the experiment, which will last for about 30 days.
NY electric bills to rise 12% this summer
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.
NYC rent hikes: Some residents could see 6% increase
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.
Migration from big cities boosts housing prices in smaller markets
Since the COVID-19 pandemic, more people are moving out of big cities, driving up housing prices in smaller markets like Boise.
Anonymous donor pays $60K overdue rent for NY public housing
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.
NYC rent hike could affect 1M apartments with up to 9% increase
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.
Chinatown homeless shelter plans shelved after community pushback
After community pushback, New York City is scrapping one of the four planned homeless shelters set to go up in and around Chinatown.
Home prices jumped 20% in February. These 3 cities saw eye-popping increases in a year
Home sales are falling as interest rates rise, but when will we see home prices go down? Experts say not quite yet.
Manhattan rents rising shockingly fast
Many people who left New York City during the pandemic have returned. So the rising rents are due to supply-and-demand forces.
NYC building workers and landlords reach deal, averting strike
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.
NYC rent-stabilized apartments could see 9% price hike
One-year leases could see a hike between 2.7 and 4.5%, while two-year leases could jump between 4.3 and 9%.
US long-term mortgage rates rise; 30-year loan reaches 5%
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.
NYC doormen threaten to strike
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.
Hochul signs $220B NY state budget, boosted by federal aid, surplus
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.
Several arrested after standoff over dismantling of NYC homeless encampment
Activists were attempting to prevent city officials from dismantling a Manhattan homeless encampment as part of a new initiative by Mayor Eric Adams.
Homelessness, high rents, crime concern New Yorkers, survey says
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.
NYC rents skyrocket; landlords say 'don't blame us'
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.