Over the past four years, home affordability in the United States has rapidly deteriorated. A combination of home price growth, increases in mortgage rates, and income gains that have failed to keep pace has made it significantly harder for…
New findings from the Economic Research Service at the U.S. Department of Agriculture (USDA) identifies U.S. counties expected to face high housing stress in 2025. High housing stress is defined as areas where at least 29% of homes face…
May 1 marks the deadline for an array of compliance reports NYC co-op and condos must submit to the city; Local Laws 97, 84, and 88 reports are all due on May Day. But according to tech-driven property management firm Daisy , the Departm…
Even with new home sales rising thanks to builder incentives and a shift toward lower-priced homes, sky-high prices and economic instability continue to suppress overall housing market activity, according to a recent report in The Wal…
The 2025 edition of Construction Coverage’s Cities With the Highest Home Price-to-Income Ratios report examines the cities and states where housing affordability has taken the biggest hit. Key Takeaways Home Prices Far Outpace Income…
With organic composting requirements now instituted citywide, many buildings are looking to expand their own composting efforts. Along with information outreach and proper collection and storage containers, boards are turning to tech for ad…
The Council of New York Cooperatives and Condominiums ( CNYC ) has announced the release of a new planning tool to help boards plan Local Law 97 (LL97) projects. The tool is a user-friendly, dynamic, Excel-based spreadsheet that enables…
In a recent essay published in the National Housing Conference (NHC)’s newsletter, NHC President and CEO David M. Dworkin breaks down ‘What we know about Fannie and Freddie as we begin the 10th week of revolutionary change’ for readers. …
A recent court case involving a dispute between the board of The Parc Vendome—a 587-unit prewar condo building on Manhattan’s West Side—a commercial tenant in the building, and the building’s own residents has thrown new light on the questi…
Homeownership stands as a cornerstone of the American dream, providing individuals and families with the opportunity to accumulate wealth and maintain relatively consistent housing costs over time. The financial stability derived from homeo…