Dec. 6, 2024 By Colum Motherway Mayor Eric Adams’ controversial zoning reform plan, “City of Yes,” was approved by the New York City Council on Thursday, Dec. 5, with a 31-20 vote. The approval marks a significant step in the city’s efforts to address its ongoing housing crisis, though it remains highly contentious, particularly…
Nov. 27, 2024 By Ethan Marshall New York City retained its title for having the most zip codes with the highest median rent in the United States in 2024, according to a report by the real estate firm RentHop. For the second consecutive year, the report found that New York City accounts for 39…
Nov. 20, 2024 By Ethan Marshall Competition among renters in New York City cooled in October 2024 to the degree that 19.7% of listings were offering concessions on rent, marking the highest level in the city since July 2021 at 22.7%, according to a report by the real estate listing site StreetEasy. The rise…
Nov. 12, 2024 By Ethan Marshall Housing units in Queens had the average cost of rent go up 3.28% in October 2024, compared to the same month the previous year, according to a report by the real estate firm M.N.S. Real Estate. Year-over-year, the average rent in Queens rose from $2,803 in October 2023…
Nov. 7, 2024 By Ethan Marshall After the average rent for roommates in New York City spiked in the aftermath of the COVID-19 pandemic, a report by the roommate-finding site SpareRoom indicated prices began to stabilize during the third quarter of 2024, reaching $1,540. After hitting its peak average roommate rent of $1,625 during the second quarter…
Oct. 21, 2024 By Ethan Marshall As the first-time foreclosure market continued to slow across New York City during the third quarter of 2024 compared to the same period of time the previous year, Queens contributed immensely to this change, according to a report by the real estate agency PropertyShark. Across New York City,…
Oct. 16, 2024 By Ethan Marshall The number of homes entering contract across New York City increased significantly year over year, thanks in large part to a decline in mortgage rates, according to a report by the real estate listing site StreetEasy. Over this period, there was a 26.4% increase in homes entering contracts,…
Oct. 14, 2024 By Ethan Marshall The number of new leases for rentals signed in northwest Queens maintained its year-over-year surge in September 2024, according to a report by the real estate firm Douglas Elliman Real Estate. New leases signed spiked up 188.2% year-over-year, from just 296 in September 2023 to 853 in September…
Oct. 3, 2024 By Iryna Shkurhan A group representing dozens of civic and neighborhood organizations across Queens is calling for an investigation into a citywide housing proposal amid federal probes into the mayor and his administration. On Monday, the Queens Civic Congress released a statement calling for an immediate halt to the City of…
Sep. 30, 2024 By Athena Dawson Flushing Town Hall is set to celebrate New York City’s Architecture and Design Month this October. The multidisciplinary performing arts venue hosts various events in partnership with AIA Queens- a chapter of the American Institute of Architects- and the Queens Foundation for Architecture. Throughout the month of October, residents…