NEW YORK – The average price of a rental in Manhattan last June exceeded 5,000 dollars per month, an all-time high, according to the joint report of real estate agencies Samuel Miller y Douglas Elliman which the entire New York press echoes this Thursday. Exactly, the average income in June was 5,058 dollars per month, … Read more
NEW YORK – Summer is a notoriously popular season for moving, and high rental prices often reflect that. But prices seem to be cooling down a bit compared to the last 12 months overall. Median rental prices for one-bedroom apartments were only up 0.5% month-over-month, and prices for two-bedroom apartments were down 2.9% from June, … Read more
Thousands of New York City residents face a stabilized rent hike just as inflation continues to pummel Americans’ wallets. The New York City Rent Regulatory Board voted Tuesday night to raise rents for millions of people in rent-stabilized apartments. By a 5-4 margin, the Rent Regulatory Board approved two rate increases: a 3.25 percent increase … Read more
NEW YORK – Rents in Manhattan, the nerve center of New York, reached their all-time high in May, with the average rent touching $4,000 for the first time, according to a report by the real estate agency Douglas Ellimanone of the largest in the city. After falling at the start of the pandemic, house prices … Read more
NEW YORK – A new annual list published by US News & World Report this week identifies America’s best metropolitan areas to live in 2022-23, and no place in New York City made the top 100 most desirable places, it found. the study. US News analyzed the 150 most populous metropolitan areas in the country … Read more
As if the wave of evictions coupled with a growing lack of defense attorneys as part of the city’s free program weren’t enough, tenants now face a new blow to their devastated economy as the Rent Guidelines Board recommended a drastic increase of rent in rent-regulated apartments. It would be the highest increase allowed for … Read more
New Yorkers will once again have the opportunity to apply for rental assistance during the pandemic, and temporary protection against eviction, under a state court order issued Thursday. State Supreme Court Judge Lynn Kotler of the 1st Judicial District issued a preliminary injunction ordering the state to reopen its application portal for rent relief within … Read more
Both New York and New Jersey are among the states with the highest tax rates in the country, according to the most recent report from the Tax Foundation. But which one hits taxpayers’ wallets the least? In general, families residing in the Garden State are likely to pay less taxes compared to those living in … Read more
Governor Kathy Hochul announced the $ 100 million designation that will help New Yorkers pay rent or find permanent housing if they are homeless. The funding, reserved through the New York State Supplemental Rental Program, will allow counties to ease the transition of people located in homeless shelters to permanent housing, according to the governor. … Read more
Living in New York City appears to be an increasingly unattainable luxury, according to a new StreetEasy study. The report “New York Housing Predictions for 2022: What New Yorkers Can Expect,” released Friday, found signs that the city’s churning rental market during the coronavirus pandemic will settle into another new status quo. The rental concessions … Read more