real estate trends

Policy, real estate trends

Photo by Daniel Lee on Unsplash

An online petition launched last week that calls on New York City landlords to withhold property tax payment, in response to a statewide rent strike organized this month. As the Real Deal first reported, the appeal, “Property Tax relief or Tax strike,” has collected nearly 1,500 signatures as of Monday.

More here

Featured Story

Features, Policy, real estate trends

What you need to know about the May 1 rent strike

By Devin Gannon, Thu, April 30, 2020

Photo by Avi Werde on Unsplash

With more than a million New Yorkers out of work as a result of the coronavirus pandemic, many tenants will struggle to pay rent on Friday. Hoping to pressure Gov. Andrew Cuomo to cancel rent for the duration of the health crisis, a coalition of housing advocates is leading a statewide rent strike on May 1, with thousands of renters already pledging to skip payments. But landlords, who argue rental income pays for the growing costs of building maintenance, are fighting for relief themselves.

More here

Policy, real estate trends

New York tenant groups call for mass rent strike

By Devin Gannon, Fri, April 17, 2020

Photo by Emiliano Bar on Unsplash

A coalition of housing and tenant advocacy groups is calling for a statewide rent strike on May 1 with the goal of pressuring Gov. Andrew Cuomo to cancel rent for the duration of the coronavirus pandemic. Led by the Upstate Downstate Housing Alliance, the coordinated protest is seeking cancellation of rents for at least four months, a freeze on rent for every tenant, and a plan to house homeless New Yorkers.

Find out more

Policy, real estate trends

Photo by Filip Mishevski on Flickr

Starting this week, about 2,500 individuals experiencing homelessness in New York City will be transferred from shelters to hotels, Mayor Bill de Blasio announced on Saturday. The single adults who will be prioritized for the hotel rooms will include seniors and those who tested positive for the coronavirus or have symptoms of the disease. The move comes as 340 homeless New Yorkers have tested positive for COVID-19 and 20 have died, according to the city’s Department of Social Services.

Find out more

Policy, real estate trends

Photo by Anthony Formin on Unsplash

Just 69 percent of apartment renters in the United States paid rent during the first week of April, according to a new report released this week by the National Multifamily Housing Council (NMHC). This a decrease of 12 percentage points compared to the percentage of households that paid rent last month. The data is one of the first looks at the impact of the coronavirus pandemic–which has put millions of Americans out of work– on the housing market.

More this way

City Living, real estate trends

Photo by Josh Wilburne on Unsplash

Some New York City landlords are providing their tenants financial respite during the coronavirus pandemic by waiving or discounting rent. The sudden closure of much of the economy has resulted in the loss of income for millions of New Yorkers, a burden felt especially by the city’s five million renters. One landlord who owns 18 buildings in Brooklyn suspended rent for the month of April for all of his tenants. Another is giving a Manhattan pizzeria owner three months of free rent as he continues to feed hospital workers at no charge.

More here

Policy, real estate trends

Photo by Jonathan Riley on Unsplash

Certain real estate work is still considered essential by New York, but showings cannot take place in-person, the state clarified on Thursday. In a notice to the New York State Association of Realtors, the Empire State Development earlier this week said home inspections, residential appraisals, back-office real estate work, and residential and commercial showings can continue during the coronavirus outbreak. But despite being newly categorized as essential, agents still cannot host traditional showings, as was previously reported.

Read more

Policy, real estate trends

brooklyn brownstone for sale sign, brooklyn real estate, brooklyn brownstone for sale

Photo © 6sqft

Some real estate industry work is considered essential and can continue during the coronavirus outbreak, New York State announced on Wednesday. The reversal in policy, first spotted by the Real Deal, means real estate agents can now host in-person residential and commercial showings, as long as social distancing measures are taken (open houses are still prohibited). However, the Real Estate Board of New York quickly reached out to brokers and advised them against in-person showings.

More here

Featured Story

Features, real estate trends

Health and high-rise living: Is higher healthier?

By Cait Etherington, Wed, April 1, 2020

Photo by Aleksandr Rogozin on Unsplash

In 2019, NYC saw the completion of more than 15 new buildings over 500 feet, and in the coming couple of years, even more tall buildings are slated for completion, including Central Park Tower, the world’s tallest residential building at 1,500 feet. None of this is a surprise. By building up, New York is able to maximize available space and even diversify certain neighborhoods by creating mixed-income housing communities. At their best, high-rise developments can drive economic and social change, but are these buildings also good for our health? Ahead, we look at the risks and benefits of high-rise living, many of which have taken on a new meaning during a time when New Yorkers are mainly confined to their homes.

more on high-rise living and health this way

Featured Story

City Living, Features, Policy, real estate trends

Can you move in NYC during the coronavirus outbreak?

By Devin Gannon, Fri, March 27, 2020

Photo © Daxiao Productions – Fotolio

While most of life seems to be put on hold at the moment, there are a few tasks that can’t be avoided. This includes moving apartments, typically a dreadful experience for New Yorkers with or without an ongoing pandemic. But moving companies are considered an essential service, according to New York City and State officials. Ahead, find out what you need to know about moving in NYC during the coronavirus outbreak, from the extra protocols movers are taking to your rights as a tenant.

Get the details


Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.