Finding Affordable Housing in the NYC Metro Area: A Guide for Homebuyers
People moving to NYC should come with a dream, a good pair of walking shoes—and, depending on where they plan to live, a million-dollar salary. Six-Figure Salaries for Six Exclusive Neighborhoods Six neighborhoods in the city require homebuyers to earn seven figures to even consider making an offer on a tony address, according to new…
Uber vs. Lyft: The Battle Over Driver Lockouts and Pay in New York
Uber Technologies Inc. has started to prevent some of its drivers in New York City from using its app during times when there are not many people needing rides. This action is in response to a rule in New York that has been in place for six years, which says companies like Uber and Lyft…
How to Protect Yourself from Real Estate Scams in New York’s Largest Cities
In the bustling real estate market of New York’s largest cities—New York City, Buffalo, Rochester, Yonkers, and Syracuse—opportunistic scams are a growing concern. From mortgage fraud to Craigslist real estate schemes, residents need to stay vigilant. Here’s how to spot and avoid the most common rip-offs affecting New Yorkers today. Mortgage Scams: Too Good to…
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…
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…
Unmasking Mortgage Fraud in New York: A Growing Concern
In recent years, New York has witnessed a disturbing increase in mortgage fraud cases, with both urban and rural areas falling victim to these insidious schemes. From the bustling streets of New York City to the serene landscapes of Buffalo, Rochester, Yonkers, and Syracuse, unsuspecting homeowners are finding themselves at the mercy of fraudulent actors…
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…
High Mortgage Rates Push Average Buyers Out of New York City
In recent times, the real estate market has observed a notable shift, particularly in Manhattan, where an unprecedented surge in cash transactions for home purchases has been recorded. This trend, accentuated by mortgage rates hovering around the 6 percent mark, showcases a significant barrier for prospective buyers without substantial financial backing. The last quarter of…
The Decline of Housing Inventory in Brooklyn: A 13-Month Trend Analysis
BROOKLYN, NYC – In the vibrant heart of New York City, Brooklyn’s real estate scene has emerged as the epitome of competitiveness within the city’s bustling market. A recent analysis by a well-known real estate platform highlights Brooklyn’s unparalleled position in the NYC market as of June 2023. This borough’s real estate dynamics are characterized…
The Ultimate Guide to Hiring a Carpenter in New York City: What You Need to Know
When it comes to maintaining or upgrading your property in New York City, whether it’s an apartment in Queens, a brownstone in Brooklyn, or a suburban house in Long Island, hiring the right carpenter is crucial. Carpenters are skilled professionals who construct, repair, and install building frameworks and structures, often made from wood and other…
How to Break Into Property Management in NYC: A Beginner’s Guide
New York, a bustling hub of real estate, presents a unique landscape for property management. From the towering condos of Manhattan to the quaint apartments in Brooklyn, the journey into managing properties in this diverse state is as challenging as it is rewarding. This guide aims to demystify property management for beginners, covering the essentials…
Power Up Your Project: Tips for Hiring an Electrician in Queens, NY
Queens, New York, a bustling borough with diverse real estate needs, often calls for the expertise of a skilled electrician. Whether it’s a flickering light in a cozy Astoria apartment or a major wiring project in a Long Island City commercial space, knowing how to hire the right electrician is crucial. This comprehensive guide will…