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….
The Bronx Housing Market Struggles as Inventory Reaches New Lows
In March, The Bronx saw a significant decline in home sales, new listings, and overall inventory. This is based on a report by the Hudson Gateway Association of Realtors (HGAR). The report highlighted changes in single-family homes, co-ops, and condos. Let’s break down what happened and what this means for The Bronx real estate market….
Your Guide to Riding Amtrak Through New York’s Cities and Countryside (VIDEO)
Taking Amtrak through New York is one of the most comfortable and scenic ways to travel across the state. Instead of dealing with traffic or airport delays, you can sit back and watch the Hudson River, small towns, and rolling hills pass by your window. From New York City to Niagara Falls, Amtrak connects nearly…
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…
How the Tax Lien Sale Works and Who It Impacts Most
New York City is bringing back the tax lien this year. This process was paused during the COVID-19 pandemic, but now it’s starting up again. The sale happens when property owners fall behind on payments like property taxes, water bills, or charges for emergency repairs. Instead of waiting for homeowners to catch up, the city…
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,…
Why Even Six-Figure Earners Struggle to Pay Rent in New York City
Since the pandemic, rents in New York City have gone up sharply, especially in the wealthiest and most popular neighborhoods. In some areas, rents are up around 50 to 60 percent compared to just a few years ago. The sharpest jumps are in places like Greenpoint, SoHo, Tribeca, Chelsea, Dumbo, and Long Island City. What…
How New York’s Growing Population Impacts Rent Prices
New York City is the largest city in the United States, with over 8.5 million people living across Manhattan, Brooklyn, Queens, the Bronx, and Staten Island. On top of that, millions more come in every day for work or school from surrounding areas. The city has always been a magnet for newcomers, whether they are…
Why Brooklyn Heights Remains One of New York’s Most Desired Areas
Brooklyn Heights is one of New York City’s oldest neighborhoods. Known for its brownstone homes, tree-lined streets, and historic charm, it has long been a favorite place for people who want to live close to Manhattan but still enjoy a quieter lifestyle. Many of the buildings date back to the 19th century, and the area…
Cash Deals Hit Record Highs in Manhattan Real Estate
In the second quarter of 2025, nearly 7 out of 10 homes in Manhattan were bought with cash. That’s the highest level seen in years. Only 31% of buyers used a mortgage. Compared to the same time last year, the share of cash deals went up by more than 20%. Experts say wealthy buyers are…
NYC’s Housing Crisis Deepens: Evictions Spike as Renters’ Economic Struggles Continue
New York City renters are facing increasing pressures, highlighted by a striking near-200% surge in evictions. Two recent studies reveal that while landlords are managing well, their tenants are struggling significantly. Decrease in Wages and Increase in Payment Delays According to a study by the Rent Guidelines Board, there has been a notable 6.1% drop…