Rising interest rates are spooking buyers; sellers are pulling back, too.
Renters will be able to buy new apartments for as little as $250.
Written by Bill Morris on July 21, 2022
City Hall wants to increase affordable homeownership, especially among minorities.
There are pros and cons for boards and buyers when the sponsor sells an apartment.
After a brief surge, luxury sales enter bear market territory.
Artificially low price is allowed to stand — and board gets stuck with legal fees.
Two new developments will have strict income caps and resale limits.
June 03, 2022
Higher interest rates put a drag on demand, resulting in drop on closings.
Spur for affordable housing, derided as welfare for developers, appears doomed.
May 13, 2022
The sail-shaped Olympia Dumbo tower is shattering price records in Brooklyn.
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.