Rents grew seven times faster than wages in NYC last year

… 2022 to 2023 average asking rents grew by 86 percent during that same period according to the report   Rent growth has … to move because of the high costs associated with switching apartments in NYC A move typically requires you to fork over … find a lowcost apartment by taking on another renters lease renting in a condo or finding a building with multiple …

By Celia Young |May 8, 2024 - 11:30AM
Bill shifting broker fees to landlords is back. So is the fight to pass it

… The bill dubbed the Fairness in Apartment Rental Expenses Act would let renters off the hook for paying a brokers fee … government affairs Our members add significant value to the home search process for renters and will fight for fair …

By Celia Young |March 5, 2024 - 10:36AM
Sellers (and buyers!) should brace for a broker fee shakeup

… sellers the opportunity to negotiate fees and putting some buyers on the hook for paying their brokers The shift is … $18 billion for conspiring to keep commissions artificially inflated Two other similar cases cropped up in South … cases is the USs centuryold commission system typically buyers and sellers agents split the feeusually 5 to 6 …

By Celia Young |November 15, 2023 - 9:30AM