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.
Gwyneth Paltrow lists Montecito guesthouse on Airbnb, will be there to greet guests
The one-night stay in September includes a meditation session, spa day and chef's dinner.
Adams: NYC will give some migrants 60 days notice to leave shelter system
New York City Mayor Eric Adams says the city will start giving adult asylum seekers in the city’s shelter system 60 days notice to find somewhere else to live.
Judge rules against Elizabeth Street garden, clearing way for affordable housing development
A state appellate court has unanimously ruled that the city can build an affordable housing development on the land the garden sits on.
Mayor Adams vetoes City Council housing voucher bills
New York City Mayor Eric Adams has announced he is vetoing four City Council bills intended to give more assistance to homeless people and address the city's affordable housing crisis, setting the stage for a showdown between the Mayor and the Council.
NYC rent increase approved for rent-stabilized apartments: What to know
Millions of New Yorkers living in rent stabilized apartments will now have to dish out more money each month.
NYCHA unveils $1.5B plan to rebuild Elliott-Chelsea and Fulton Houses in Manhattan
The Chelsea-Elliott Houses and the Fulton Houses, on Manhattan's West side, will be torn down and rebuilt.
Roommate or risk? Experts caution against online connections in NYC
Experts suggest thinking twice before moving in with an online roommate in New York City.
What is NYC's most affordable neighborhood for recent college grads?
The median rent in the city now stands at a staggering $3,700 a month, but if you're a savvy apartmenthunter, you can find a new place to live that won't break the bank.
NY legislative session nearing end with fate of several bills still unknown
With 48 hours to go, the fate of bills on affordable housing, a bill to allow New York City to lower its speed limit, or a bill to change the name of the Mario Cuomo Bridge back to Tappan Zee are unknown.
Low-income tenants rally against rent increases at NYC rent board hearing
During a preliminary vote last month, the Rent Guidelines Board considered raising rents between 2% and 5% for one-year leases, and between 4% and 7% for two-year leases.
Renters get some relief as rent burdens plummet, but low-income families still struggle: new report
Renters in the U.S. are experiencing some relief from rental burdens, according to a new report by Moody’s Analytics. The number of metros experiencing higher rent burdens dropped 91% from last quarter.