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“Manhattan home prices drop 5.5% — the first decline since pandemic” Manhattan apartment prices fell 5.5% year-over-year in the fourth quarter of last year — the first time that residential real estate values in the borough dropped since the second quarter of 2020. In the last quarter of 2022, co-ops and condominium apartments in Manhattan…
“US luxury housing market hits sharpest skid on record: data” Even high-end luxury homes aren’t immune from the US housing market’s ongoing slump, according to the latest data released by real estate firm Redfin this week. Sales of luxury homes – defined as properties that are estimated to be in the top 5% based on…
“NYC tenants, landlords and Housing Court don’t need another layer of bureaucracy” Do state lawmakers intentionally make life worse for landlords and tenants — or are they simply unaware of the damage they cause them? Those are the only possible explanations for screwed-up legislation they passed this year, known as S4594B. The bill gives tenants…
“Mortgage rates rise for first time in seven weeks” The average long-term US mortgage rate rose this week after falling for six straight weeks, adding to the challenges potential homebuyers face amid higher home prices and a limited supply of available houses. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year…
“Growth in home prices tumbles to lowest levels in two years” Annual price growth in the increasingly fragile US housing market slid into the single digits in October for the first time in about two years when mortgage rates that month surged above 7% and further stifled demand, a pair of closely watched surveys showed…
“How to solve New York City’s affordable housing problem” Today, The Post kicks off a weeklong series of op-eds offering constructive suggestions on how to improve New York City in 2023. Here, the first column looks at what can be done to solve the city’s problem of affordable housing. New York is in the throes…
“New home sales rise 5.8% in November — but dip in these regions” Sales of new US single-family homes rose for a second straight month in November likely as Americans took advantage of a retreat in mortgage rates and incentives from desperate builders, but the overall housing market remains depressed. New home sales increased 5.8% to a seasonally adjusted annual…
“This snow-white castle in B.C. could be yours for $1.65 million” The story behind one of Canada’s most regal listings reads like a DIY fairy tale Next to the B.C.-Washington border, in the shadow of the Selkirk Mountains, sits a snow-white castle that looks like a Brothers Grimm backdrop. The keepers of the property aren’t…
9 Things to Invest in When Starting a Business When starting a business, everything you do comes with some risk. But while it comes with the territory, you can also mitigate risk. Carefully calculating every decision, including what and where to invest your capital in, can help you improve your chances of succeeding in the…
“Will Kathy Hochul fight to win on her new housing agenda?” Gov. Kathy Hochul says she’s going to push hard to vastly boost New York’s housing supply to stimulate economic growth and attract new industries, vowing to use her State of the State Address next month to declare a state housing crisis in need of…