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New York’s for-profit affordable housing developers are in trouble. That’s the takeaway from new data collected by the NYC Housing Partnership, a nonprofit organization that creates affordable housing through public-private partnerships. Almost two-thirds of survey respondents said operating costs have risen sharply and are unsustainable. Insurance premiums were among the fastest-growing costs. The results add…
Cincinnati (OH-KY-IN) is another market that’s bucking the national trend. Pending home sales were up 6.2% in July compared with 12 months before, showing why focusing on the national picture doesn’t always give an accurate indication of how specific smaller markets are faring. The reasons for the city’s housing market resilience, according to Cincinnati-based Edge…
New York City is relying, in part, on more than 16,000 units planned via office-to-residential conversions to ease its enduring housing crisis. So, when the country’s largest conversion, sitting in the heart of Midtown, starts to buckle, it’s not taken lightly. The startling structural emergency at MetroLoft and David Werner Real Estate Investment’s Pfizer building…
“Buy the worst house in the best neighborhood” has long been treated as a golden rule of real estate. The thinking is that you get access to a desirable location at a lower price. Then, as the neighborhood’s more expensive homes appreciate, yours may rise in value, too. But the cheapest house on the block…
More than a third – 36% – of consumers seek mortgage advice from unregulated sources such as social media, artificial intelligence (AI) tools, family and friends, according to research from Zable. Zable said it raised concerns about the quality of information influencing high-value property decisions. The survey of 2,001 UK credit card holders found…
A trader works on the floor of the New York Stock Exchange. NYSE Bond yields climbed Thursday morning, erasing most of the pullback they saw the previous day after the Treasury Department announced an intervention aimed at easing pressure on longer-dated government debt. The yield on the 30-year U.S. Treasury bond — the primary focus…