Living in New York City means dealing with a fast pace, the proverbial New York minute. When your health is threatened or your quality of life is diminished because your apartment needs repairs and your landlord isn't responding, that proverbial minute can seem like a...
The U.S. remodeling market has experienced unprecedented growth, surpassing $600 billion in the post-pandemic era, and remains a remarkable 50% above pre-pandemic levels despite recent signs of slowing down. According to the Harvard Joint Center for Housing Studies'...
As of January 1, 2025, several significant real estate laws have been enacted in New York, aiming to address housing affordability and availability, streamline development processes and change the economic dynamic of the rental market. These changes reflect the...
The New York City Council recently passed significant legislation known as Intro 360, or the Fairness in Apartment Rentals Expenses Act. This bill, passed in a veto-proof 42-8 vote, introduces a notable change in the real estate market by shifting the responsibility...
New York City's real estate market has always been a dynamic beast, but the introduction of Local Law 18 in September 2023 sent shockwaves through the industry. This controversial legislation aimed to tackle the city's housing crisis by cracking down on short-term...
When living in a cooperative or condominium, residents inevitably face special assessments. The boards levy these special fees on shareholders or unit owners to cover unexpected expenses or significant repairs. It's common for owners to react with frustration to these...
In a historic move, the National Association of Realtors (N.A.R.) has agreed to a $418 million settlement in a series of lawsuits filed by home sellers, challenging the traditional broker commission structure. This agreement, pending federal court approval, proposes...
As one of the world's most dynamic and competitive real estate markets, New York City is constantly evolving and changing. In 2024, there are several key trends that prospective buyers, sellers, and investors should keep an eye on when it comes to the residential real...
The rise of short-term rentals using Airbnb changed the real estate market in countless ways. A few downsides included a steady stream of strangers passing through the building. Often on vacation with little need to build relationships with neighbors, they could be...
It’s the law of averages that putting large numbers of people in a condominium building can lead to situations where the rules are not being followed and and the board needs to do something to enforce the by-laws or house rules. Many times these disputes end up in...
