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.
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.
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.
Spring homebuyers to continue facing inventory woes
New home listings dropped 21.3% year over year nationwide.
New home listings dropped 21.3% year over year nationwide.
NYC Rent Guidelines Board passes preliminary vote on rent increases
In a preliminary vote, the Rent Guidelines Board approved potential rent adjustments for one-year and two-year leases in New York City.
In a preliminary vote, the Rent Guidelines Board approved potential rent adjustments for one-year and two-year leases in New York City.
NYC's Rent Guidelines Board hears testimonies amid impending rent hike vote
Rallies and debates triggered by possible rent hikes across New York City have garnered an emotional response from New Yorkers hoping to keep their head above water with their monthly housing expenses.
Rallies and debates triggered by possible rent hikes across New York City have garnered an emotional response from New Yorkers hoping to keep their head above water with their monthly housing expenses.
NYC rent-stabilized apartments could see rent increase of up to 16%
The Rent Guidelines Board is considering potential increases to rent in the city's roughly 1 million rent-stabilized apartments. Those increases could be as much as 16%, the highest increase in decades.
The Rent Guidelines Board is considering potential increases to rent in the city's roughly 1 million rent-stabilized apartments. Those increases could be as much as 16%, the highest increase in decades.
New Yorkers must earn this much to live like they make $100K
With the average monthly rent for a one-bedroom apartment now a staggering $4,100, you might be shocked to see how much money a New Yorker needs to earn to take home the equivalent of $100,000.
With the average monthly rent for a one-bedroom apartment now a staggering $4,100, you might be shocked to see how much money a New Yorker needs to earn to take home the equivalent of $100,000.
SALT Deductibility Act aims to bring relief to high-tax NYC homeowners
Homeowners in high tax states like New York may soon be able to breathe a sigh of relief as legislation has been filed in Congress to lift the cap placed on the State and Local Tax deductions known as SALT.
Homeowners in high tax states like New York may soon be able to breathe a sigh of relief as legislation has been filed in Congress to lift the cap placed on the State and Local Tax deductions known as SALT.
East Village residents rally against 'corporate takeover' of apartments
Residents say a private equity firm Meadow Partners bought the buildings on East 11th and 12th streets and is aggressively displacing long-term tenants and hiking up rents.
Residents say a private equity firm Meadow Partners bought the buildings on East 11th and 12th streets and is aggressively displacing long-term tenants and hiking up rents.
Upper West Side safe haven shelter plan draws pushback from community
The city's decision to open a safe haven homeless shelter near an elementary school on the Upper West Side is drawing pushback from neighbors, but also some support.
The city's decision to open a safe haven homeless shelter near an elementary school on the Upper West Side is drawing pushback from neighbors, but also some support.
Gov. Hochul joins GDNY: Bail reform, affordable housing and more
Bail reform, affordable housing and more: Gov. Kathy Hochul joined Good Day New York to discuss a variety of topics.
Bail reform, affordable housing and more: Gov. Kathy Hochul joined Good Day New York to discuss a variety of topics.
Mayor Adams' 'cubicles to condos' plan still needs lawmakers' approval
The city is looking to convert some of its 136 million square feet of empty office space into condos, but the effort still needs approval from lawmakers in Albany to go forward.
The city is looking to convert some of its 136 million square feet of empty office space into condos, but the effort still needs approval from lawmakers in Albany to go forward.
Number of millionaire renters in NYC jumps 171% in just five years
According to a new study from the website RentCafe, the number of people who make more than $1M in household income who choose to rent instead of buy has shot up by 171% in just the last five years.
According to a new study from the website RentCafe, the number of people who make more than $1M in household income who choose to rent instead of buy has shot up by 171% in just the last five years.
Housing affordability is at the lowest level in over a decade
Home prices are finally falling after hitting an all-time high in 2022, but ownership is still out of reach for many Americans.
Home prices are finally falling after hitting an all-time high in 2022, but ownership is still out of reach for many Americans.
Manhattan rental prices fall, but deals still hard to find
A new report lists the five neighborhoods where New Yorkers looking to save money can get the best deals on rent.
A new report lists the five neighborhoods where New Yorkers looking to save money can get the best deals on rent.
Hamptons trailer park home sells for $3.75M
The 800-square-foot mobile home is made of mahogany and features high-end finishes, a gas fireplace, a grill, an outdoor shower, and 180-degree views of the ocean from the living room and back deck.
The 800-square-foot mobile home is made of mahogany and features high-end finishes, a gas fireplace, a grill, an outdoor shower, and 180-degree views of the ocean from the living room and back deck.
People who live alone in NYC face huge 'singles tax'
Living single in New York City will cost you thousands of extra dollars a year that couples don't face.
Living single in New York City will cost you thousands of extra dollars a year that couples don't face.
Manhattan monthly rents top $5,000
According to a new report, rental prices have seen major increases since 2022, with the average rental price in Manhattan now at $5,142.
According to a new report, rental prices have seen major increases since 2022, with the average rental price in Manhattan now at $5,142.
America is more rent-burdened than ever: These cities take the biggest chunk of your budget
Renters in these U.S. cities pay, on average, more than 30% of their income in rent.
Renters in these U.S. cities pay, on average, more than 30% of their income in rent.
Buying a home is now more affordable than renting in these 5 US cities
While renting is more affordable than owning in 45 out of the country's 50 largest cities, there are five cities where a person may consider buying instead.
While renting is more affordable than owning in 45 out of the country's 50 largest cities, there are five cities where a person may consider buying instead.