Rents grew seven times faster than wages in NYC last year

… its parent company Zillow and the US Bureau of Labor Statistics  While earnings increased by 12 percent on … limited available inventory whichin the face of high demand supported by a strong job markethas kept rents rising NYC …

By Celia Young |May 8, 2024 - 11:30AM
Does a buyer in NYC need to pay a broker fee?

… laws and that forcing a seller to pay both sellers and buyers broker fees unfairly inflates commissions REBNY … cautiously in a market as complicated as NYC Heres more on what to consider regarding buyerpaid broker fees … … are the comps based on If any of those buyers received a closing credit for example those prices are inflatedand …

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

… your checkbooks open Thats the message for New York City renters who will still bear the burden of paying a landlords brokers fee at least this year according to the city council member …

By Celia Young |October 20, 2023 - 3:00PM