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 new report from StreetEasy Asking rents in New York City grew seven times faster than average …

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
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 … is between the landlord or management company and the tenantno broker involved But when the lease in question is … reasonable Coincidentally whether it is the responsibility of the tenant or the landlord to pay the broker fee is once …

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