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The New York Times

As NYC Rents Rise, Eric Adams Faces Pressure on Housing Crisis

“We’ve got to get it right,” the mayor says, but the City Council and advocates want him to push more and spend more to address the dire shortage of affordable housing.

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As NYC Rents Rise, Eric Adams Faces Pressure on Housing Crisis

The New York Times The New York Times | 1 year ago

“We’ve got to get it right,” the mayor says, but the City Council and advocates want him to push more and spend more to address the dire shortage of affordable housing.

NYC office market faces ‘real estate apocalypse’

constructiondive constructiondive | 1 year ago

Dive Brief: Office valuations in New York City are forecasted to decline by as much as 39% by 2029 due to remote work trends, according to a recent report from professors at the NYU Stern School of Business and Columbia University Business School. That plunge represents a $453 billion valuation drop for New York City office buildings, while similar declines could occur in other U.S. cities, the report noted. What the authors call an “office real estate apocalypse” also will have negative im...

As Raleigh rents soar, real estate firm bets $54M on Fayetteville apartments

bizjournals bizjournals | 1 year ago

A Dallas-based private equity company is snapping up apartment complexes across North Carolina.

Birmingham apartment rents rise as inflation soars

bizjournals bizjournals | 1 year ago

What experts are calling a “perfect storm” of factors has driven rents to all-time highs, and a 15.5 percent change between Q2 2021 and Q2 2022 in the Birmingham-Hoover MSA.

Florida faces homeowner insurance crisis

rentvestpm rentvestpm | 1 year ago

Policies that require insurers to pay for storm-damaged roofs at their replacement value, plus a heaping helping of lawsuits, have driven many insurers out of business.

Rents are on the rise in Hawaii, report finds

bizjournals bizjournals | 1 year ago

Statewide, median rental prices rose $283 between 2019 and 2022, or 12.6%.

Housing crisis a risk as Boom, Toyota prepare to ramp up

bizjournals bizjournals | 1 year ago

Several factors make it hard for developers to catch up to demand, with Toyota and Boom Supersonic expected to amplify shortage.

How to save on your mortgage, as rates rise

better better | 2 years ago

The Fed’s latest rate hike is taking effect, but ARMs could be the answer for homeowners looking to save on their mortgage. Plus 3 other ways to save.

Atlanta real estate investors retreat as rents lose pace with mortgage, renovation costs

bizjournals bizjournals | 1 year ago

Atlanta has the largest share of investor home purchases of any major metro in the U.S. But investor purchases are slowing down as rents flatline and prices continue to increase.

The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

millersamuel millersamuel | 2 years ago

An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. I've since added more information and insights as the situation unfolds. This proposed NYC "pied-a-terre" tax law has a name that infers it concerns... Read More The post The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate first appeared on Miller Samuel Real Estate Appraisers & Consultants.