Rents grew seven times faster than wages in NYC last year

The rent is still too damn high and its growing faster than … Asking rents in New York City grew seven times faster than average hourly wages did in Gotham from 2022 to 2023 … a lower rent increase at renewal time You can figure out what your neighbors are paying so you know if an increase is

By Celia Young |May 8, 2024 - 11:30AM
Are NYC sellers paying smaller commissions to buyer’s brokers?

… … When it comes to broker fee behavior in New York City the majority of sellersbut not … to buyers brokers according to  our experts Commissions for brokers who are members of the Real Estate Board of New … antitrust cases  involving the National Association of Realtors NAR shaking up courtrooms around the US but was not …

By Jennifer White Karp |April 29, 2024 - 9:45AM
Bill shifting broker fees to landlords is back. So is the fight to pass it

… reintroduced a bill that would require whoever hires an apartment broker in NYC to pay the brokers fee This follows … to get it passed last year The bill dubbed the Fairness in Apartment Rental Expenses Act would let renters off the hook … contracts a good or service should be responsible for the cost Ossé said in a statement I am thrilled to reintroduce …

By Celia Young |March 5, 2024 - 10:36AM
City Council bill to shift broker fees to landlords unlikely to pass this year

… City renters who will still bear the burden of paying a landlords brokers fee at least this year according to the … under its interpretation of the 2019 Housing Stability and Tenant Protection Act but a subsequent lawsuit from the Real Estate Board of New York REBNY changed its guidance Ossés bill …

By Celia Young |October 20, 2023 - 3:00PM
How much does it cost to move to NYC?

… people are returning here in droves for work school and all the things that make the city specialnamely a happening … theater and cultural scene As such the real estate market is as competitive as ever Housing hasnt gotten any cheaper … with new information for October 2023 Read on to find out what you need to know about the cost of moving to NYC  … The

By Evelyn Battaglia |October 17, 2023 - 10:00AM
Renewing your NYC lease and getting new roommates? You may have to shell out another broker fee

… For many renters who work with an agent to find an apartment in New York City once the lease is … fee for a rentstabilized apartment listed for $2250 a month Hell Gate reported … When new roommates are not on a …

By Jennifer White Karp |August 31, 2023 - 5:00PM