In addition to death and taxes, fluctuating interest rates are pretty much a guaranteed fact of life. That reality raises a question for many co-ops with low interest underlying permanent mortgages coming due for refinancing: how to recast …
The Background In a recent case, the Community Associations Institute (CAI) and several community associations sought a preliminary injunction against the enforcement of the Corporate Transparency Act (CTA). The CAI argued that requiring t…
AARP is conducting a survey about vital housing options like accessory dwelling units (ADUs) in your community. An ADU is an independent, permanent residential unit, containing a living area, kitchen, and bathroom, built on the same lot…
New research from the National Alliance to End Homelessness (NAEH) shows that chronic homelessness is outpacing other subgroups, driving overall increases in homelessness data. The data shows that since 2016, chronic homelessness has…
Boards and managers in the tristate area and beyond know what a tall order it is to run a co-op, condo, or HOA; from structural maintenance to interpersonal communication and conflict resolution, the skills and strengths that make for effec…
Construction industry research publisher Construction Coverage just released the 2024 edition of its Home Improvement Spending Report , with some interesting data specific to the New York-Newark-Jersey City metro. Key Findings for the…
When buying an apartment, be it a condo or a co-op, among the soundest advice for any purchaser is caveat emptor - buyer beware. In most buildings (especially older ones), it’s inevitable that there will be occasional and sometimes leng…
In a market economy, price and value are assumed to be mutually reflective. Investors expect that their assets - in our case real estate, and specifically co-op and condominium apartment units - not only maintain their value, but experienc…
While the economy has largely recovered from the unprecedented uncertainty and instability brought on by the COVID-19 pandemic, the 2024 release of a report on mortgage delinquency rates by U.S. city and state conducted by Construction …
At the forefront of reducing carbon emissions nationwide, New York City’s Local Law 97 is prompting co-op and condominium communities to confront and reduce their carbon footprints. More often than not those efforts require costly upgrades …