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“Racist response to my City Council testimony is exactly why Asian Americans are waking up to politics” I testified Thursday against the City Council Fair Chance for Housing Act, my second time in Council Chambers. The first was in May 2019 when I spoke personally and passionately about protecting New York City’s specialized high schools….
“Kudos to Councilman Bob Holden for pushing NYC pols to own up to their rent deals” What a sensible idea: Progressive pols race to keep down rents in rent-stabilized city apartments, even though it hurts both landlords and tenants. Why not see if they’re motivated by a personal conflict of interest — i.e., their own…
“US home prices will post first year-over-year decline in decade in 2023: experts” The US housing market’s deep freeze is likely to accelerate next year and result in the first year-over-year decrease in home prices in a decade, according to experts at real estate firm Redfin. The median US home sale price is projected to…
“Mortgage rates fall for fourth straight week” The average long-term mortgage rate fell for the fourth consecutive week and have dropped more than three-quarters of a point since hitting a 20-year high last month. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate dipped to 6.33% from 6.49% last week….
“An Edmonton couple refitted their home to be completely net zero” The converted 1950s box bungalow now generates as much energy as it uses From the outside, Jesse Tufts’s Edmonton house looks like a handsome new home, with ample windows, a glassed-in verandah and charcoal and pine siding. But it’s not like every other house…
“Why US homes were pulled off market at record pace last month” US listings of home for sale got pulled a record clip in November because of a major freeze in the market that surprised sellers, according to a recent report by real estate firm Redfin. An average of 2% of US homes up for…
“Rent or buy? An expert weighs in on the sky-high rental market” Rental rates are soaring across Canada. Over the past year, average rent prices have increased nearly 18 per cent in Ontario, 15 per cent in British Colombia, and 12 per cent in Alberta—while in Atlantic Canada rents have risen by a whopping 32.2…
“Jumaane Williams’ NYC home entering final stages of foreclosure” Bank of America is demanding a Brooklyn judge force Public Advocate Jumaane Williams to pay up on the more than $600,000 he owes on a Brooklyn rental property, or put the property on the auction block, according to the latest filings in a years-long foreclosure battle….
“Here’s how much US home prices will plunge in current market bubble” US home prices will likely have to decline by as much as 20% over the course of a multi-year correction before the housing sector can get back on track with historical trends, a research firm warned this week. The most recent correction cycles…
“How this Calgary company is transforming empty offices into housing units “ Even as remote employees start returning to in-person work, Canada’s downtowns remain filled with vacant office buildings. In Calgary, for example, the downtown vacancy rate recently reached 27.5 per cent. Meanwhile, the demand for housing throughout the country is higher than ever. Calgary’s Strategic…