Multifamily housing was a big part of the increase. But there is still high demand for single-family homes.
Melissa Mesku happened upon the perfect rent-stabilized apartment on Manhattan’s Lower East Side. How did she beat the odds?
Medium-density housing is cheaper than traditional homes and might be a better fit for today’s American family, says columnist Heather Long.
Builders are shying away from multifamily homes because of supply and cost issues. But single-family homes are cheaper and faster to build.
The renovations necessary to convert hotels into apartments are often cheaper and faster than those needed to convert office buildings.
Shaped by the car culture, dingbats are going obsolete due to earthquake risk. But their names and style flourishes bring nostalgic smiles.
Inflation, climate change and zoning laws have increased rents and building costs. Developers are focusing on high-priced luxury units.
In New York City, there’s been an uptick in landlords reporting tenants’ rents to credit bureaus, and not all renters are happy about it.
High mortgage costs, low supply of houses for purchase and high rents made for a pretty bleak year. But there’s a glimmer of light on the horizon.
Asking rents are down 1% nationally, though they’re still rising in some regions.
