Thursday, 14 November 2024

News

Rents In The U.S. Fall For Third Month In A Row

'New Yorkers Spend Over $10,000 in Upfront Costs for a Rental: Report

The upfront cost of moving in New York increased by 28.7% from the average cost before the COVID-19 pandemic.

Activists Call On NYC Mayor And Housing Authority To Address To Jacob Riis Houses' Water And Gas Crisis

'NYCHA Chiefs Repeatedly Rejected Proposals on Curbing Corruption for Years: Report

The Department of Investigation previously warned then-NYCHA Chair Greg Russ about the potential for corruption related to the housing agency's no-bid contract process.

Super Bowl

'CoStar Group Poured Nearly A Billion Dollars Into Super Bowl Ads for Homes.com and Apartments.com

The group debuted four high-gloss commercials during Sunday night's broadcast of Super Bowl LVIII.

EDITOR'S PICKS

'Tesla Rival Files for Bankruptcy After Failing To Make a Single Sale

Tesla's rival EV manufacturer had a valuation of $13 billion when it first launched on the Nasdaq stock market in 2021.

By D. Ong
'Real Estate Forecast: These Home Types Are Likely To Decrease in Value in 2024

The market value of some homes may see a decline in 2024 as the real estate market evolves.

By D. Ong
'Prominent NYC Real Estate Developer Charged in $86M Fraud Scheme: DA

The real estate developer also allegedly defrauded the city $15.6 million in unpaid property tax.

By D. Ong
'Office-To-Residential Conversions Rose By 350% Since 2021: Report

The office industry has $150 billion mortgages due this 2024.

By D. Ong
'NYCHA May Now Be Required To Disclose All Public Housing Contracts Following $2M Bribery Scheme: Report

The new bill would require the NYCHA to disclose information about the services it is procuring and the identities of the parties involved in the transaction.

By D. Ong
'A Growing Number of Millionaires Are Now Choosing to Rent Over Buying a Home: Study

The number of millionaire renters across the country nearly tripled from 2020 to 2022.

By D. Ong
'Federal Reserve Said It’s Not Ready To Cut Interest Rates Even as Inflation Cools

The federal reserve began hiking interest rates in March 2022 in hopes of curbing the rising inflation.

By D. Ong
'One Official Involved in $2M NYC Corruption Scandal Was Suspended After Naked Zoom Call

New details have emerged about some of the 70 NYCHA employees involved in the $2 million bribery scandal, including one who was suspended for appearing naked in a work-related call.

By D. Ong
'More States Are Now Using Medicaid Funding To Address Housing Crisis

At least 20 states are now allocating Medicaid funds to pay for housing or cover the rent of homeless patients.

By D. Ong
'More Than 30% of Real Estate Agents Say Politics, Gun, and Abortion Laws Affected Where Home Buyers Are Relocating: Redfin

Real estate agents said home buyers are relocating to places where the laws align with their views or locations where neighbors share similar political views.

By D. Ong
'Real Estate Fraud Cases Are on the Rise; Losses Exceed $70,000 – Report

One in 10 Americans have been targets of real estate fraud in 2023, according to a wire fraud protection company.

By D. Ong
'70 Current and Former Employees of NY Public Housing Authority Charged in Historic Corruption, Extortion Case

The NYCHA employees pocketed over $2 million in cash payments for no-bid repair contracts.

By D. Ong