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On October 23, the Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, released the results of its Primary Mortgage Market Survey ® (PMMS), showing the 30-year fixed-rate mortgage (FRM) averaged 6.19%. “Mo…
In a decision handed down earlier this fall, a ground-floor commercial tenant in a condo building on Manhattan’s Upper East Side lost its bid to compel the condo association to pay a monthly fee for the alleged damages and disruptions cause…
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…
With inflation still elevated, home prices parked near record highs (despite some recent softening, particularly at the higher end), and insurance costs climbing, more homeowners are running out of cushion—heightening the risk of mortgage d…
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 …
According to a recent press release from the National Housing Coalition (NHC) the Trump administration added another set of tariffs expected to increase the cost of housing, this time targeting both lumber and timber imports, as well as…
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…
This year New York City passed the first landmarks in the long road to compliance with Local Law 97, the Big Apple’s roadmap to carbon neutrality by 2050. Many have questioned the approach and ultimate possibility of success for this progra…
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 …