American families are facing a convergence of economic pressures that are redefining what it means to live comfortably. After years of elevated inflation, the cost of essentials, from housing and groceries to transportation and health care,…
Managing a residential building in New York City is no small feat. Whether you’re a board member entrusted with fiduciary responsibility or a property manager tasked with keeping everything running smoothly, you’re doing it all: balancing b…
The U.S. housing market remains a critical economic issue, with housing affordability and supply at the forefront of bipartisan policy agendas. Both Republican and Democratic lawmakers are increasingly focused on expanding access to afforda…
In another indication of the ongoing slow-motion softening of the NYC co-op market, high-end co-ops are increasingly considering—and in some cases have already enacted—loosening their restrictions on financing. Buildings that previously man…
While the COVID-19 pandemic briefly shaped housing policy with protections like mortgage forbearance, the challenges homeowners face today are driven less by temporary disruptions and more by persistent affordability issues. With inflation …
Markets rise and fall, and rise again, and fall again—that’s the natural order of things in our economic system. But what about value ? Are price and value the same thing? In a word, no. After all, there are lots of ways to define value…
Last month, 15 independent building service providers announced the formation of Manhattan Vendors Group (MVG), a new professional consortium aimed at fostering collaboration among vendors working with property managers, building owners, an…
According to the National Housing Conference (NHC), a recent blog post from the Joint Center for Housing Studies of Harvard University indicates a growing number of metro areas where home prices are either declining or showing signs of …
As home prices continue to climb across the United States, housing affordability remains a critical concern for both prospective buyers and policymakers. A new study on behalf of construction industry research firm Construction Covera…
The National Housing Conference (NHC)’s Paycheck to Paycheck database is a free tool illustrating "the ability – or lack thereof – of working families to purchase or rent a home in metropolitan areas across the country by comparing wage…