Rents grew seven times faster than wages in NYC last year

… The rent is still too damn high and its growing faster than wages can keep up according to a … United States with Providence RI and Cincinnati Ohio tied for second with a 73 percent increase  But those higher rent … to move because of the high costs associated with switching apartments in NYC A move typically requires you to fork over …

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

… they are separate trade organizations recent headlines about NARs $148 million settlement helped raise awareness among NYC buyers and sellers about the change in how REBNY brokers are compensated REBNYs … have started to pay attention as a result of media reports about NARs March settlement he said While seller behavior …

By Jennifer White Karp |April 29, 2024 - 9:45AM
NYC real estate firm fined $260,000 for charging sky-high broker fees

… planned to reintroduce it this year … What renters can do about high broker fees … Broker fees are never set in stone … broker and to get a receipt Renters can submit complaints about unscrupulous brokers online through the divisions …

By Celia Young |January 31, 2024 - 1:30PM
Does a buyer in NYC need to pay a broker fee?

… in love … In the new year you can expect to see information about broker compensation spelled out in listings or in the … to offer any compensation to cobrokers buyer brokers In about 10 percent of the sales in our sample zero commission …

By Jennifer White Karp |December 28, 2023 - 11:30AM
City Council bill to shift broker fees to landlords unlikely to pass this year

… Monell said REBNY has spoken with all council members about the FARE Act and denied any specific arrangement with … With the bill now frozen Brick sat down with Ossé to talk about what he hopes to achieve in 2024  … Brick Underground … one of the core tenets of democracy for bills to be spoken about through the publics voice … If it does pass next year …

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

… If youre thinking of moving to New York City youre not alone After a … about your NYC living situation Staying in a Blueground apartment means no worrying about buying appliances … thats just the beginning We carefully curate each of our moveinready homes to make sure that our guests have …

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

… who recently reached out to Bricklets call him Rick Rick is about to become a new roommate in a fourbedroom apartment … 1215 percent of the total rent Here are more details about this situation Three of the original tenants in the … todays competitive rental market In 2019 when Brick wrote about them brokers said they were unusual Lots of renters …

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