Protecting Yourself from Real Estate and Mortgage Scams
Real estate and mortgage scams are on the rise, with fraudsters constantly devising new ways to take advantage of unsuspecting consumers. In 2021, the Federal Bureau of Investigation’s Internet Crime Complaint Center received reports from 11,578 victims regarding incidents of real estate or rental fraud. To avoid becoming a victim, here are five common real…
The Real Cost of Living: Unpacking New York City’s Rental Price Surge
New York City’s rental market is notoriously competitive, characterized by high prices and additional fees that can make finding an apartment a daunting task. As renters navigate this landscape, they face a series of challenges unique to NYC’s boroughs and its largest cities, including Buffalo, Rochester, Yonkers, and Syracuse. This article explores these hurdles, providing…
Step-by-Step Guide to Applying for NYC’s Housing Lottery
Applications are now open for a housing lottery offering 75 rent-stabilized apartments in a newly completed building in Downtown Brooklyn. These apartments are available to households earning between $31,372 and $218,010 annually, depending on the number of people in the household. Monthly rents start as low as $750 for a studio apartment. The deadline to…
NYC Opens Affordable Housing Lottery With Rents Under $500
New York City has opened a new affordable housing lottery through NYC Housing Connect, the city’s official system for listing income-based apartments. These lotteries give renters a chance to apply for homes that are priced well below market rent. This new listing is getting attention because some of the available apartments have rents under $500…
Unpaid Rent Leads to Deadly Confrontation in the Bronx (VIDEO)
Father dies for unpaid rent. In a tragic event that unfolded in the Bronx, a landlord was arrested after being accused of fatally assaulting one of his tenants. The incident, which occurred over a dispute regarding unpaid rent, happened in the tenant’s residence close to the Throgs Neck Expressway. Around 6 p.m. on a Saturday,…
The Fastest-Growing Cities in New York: Where Real Estate is Booming
New York is growing fast, NY often referred to as the Empire State, is home to the legendary New York City – the epicenter of finance, culture, and entertainment. But while NYC often steals the spotlight, many smaller cities and towns in the state have been experiencing rapid growth and garnering attention from real estate…
How Christmas Tourism Shapes New York’s Real Estate Market
New York doesn’t try to act modest during the Christmas holidays. The city goes all in with lights, markets, shows, and nonstop visitors from around the world. December is one of the busiest months of the year, and that surge of people shapes everything from restaurant lines to short-term rental prices. If you’re looking into…
A Simple Guide to Freezing Rent for Seniors in New York
Rents in New York have started rising again, and a lot of older people are feeling the pressure. Many seniors live on fixed incomes, which means their money doesn’t go up even when rent does. What makes things worse is that many of them don’t realize the city already has a program that can stop…
New York City’s Innovative Approach to Alleviate Housing Crisis: Small-Scale Solutions
In a bold move to tackle the daunting housing crisis in New York City, the local government is experimenting with a micro-solution approach. This innovative strategy involves incentivizing homeowners to convert spaces like garages and attics into rentable apartments. On Tuesday, city officials unveiled a new program that allocates up to $400,000 each to 15…
Why Millions Want to Live in New York Despite the Crowds and Cost
New York City is one of the few places where people willingly pay high rent, deal with small apartments, and put up with constant noise — and somehow still feel lucky to be there. Other cities might offer more space or cheaper homes, but New York has something people don’t want to miss out on….
Why Tourists Help Drive Up Home Prices in NYC
Are you fed up with tourists? Tourism does more than bring crowds and busy streets. It also helps shape the economy and the housing market. When millions of visitors come to a city like New York every year, they bring money, attention, and long-term interest. The constant flow of visitors who fall in love with…
NYC Housing Lotteries Open: Apartments Starting at Just $465 a Month
There are six housing lotteries opening in NYC. Finding an affordable place to live in New York City can feel almost impossible. With rents continuing to rise, many people are looking for other options. One program that offers hope is the city’s housing lottery. Right now, six new affordable housing lotteries are open across Manhattan,…