Fed plans interest rate hikes, NYC rents rebound, & more

By Emily Myers | December 16, 2021 - 10:30AM

There may be as many as three interest rate increases in 2022 as the Federal Reserve cuts stimulus amid rising inflation (The New York Times)

Rents in New York City have risen a whopping 32 percent since this time last year—the highest surge in the country (The Real Deal)

The City Council approves the River Ring development—two residential towers in Williamsburg with a circular waterfront park (Brooklyn Eagle)

Hudson Yards and Tribeca top the list of NYC's most expensive neighborhoods for the third consecutive year according to data from PropertyShark (press release)

Historic landmark signage now marks a block of century-old row houses on East 25th St. in East Flatbush (Brownstoner)

Two candidates declare victory in the race for City Council speaker (Politico)

Emily Myers

Senior Writer/Podcast Producer

Emily Myers is a senior writer, podcast host, and producer at Brick Underground. She writes about issues ranging from market analysis and tenants' rights to the intricacies of buying and selling condos and co-ops. As host of the Brick Underground podcast, she has earned four silver awards from the National Association of Real Estate Editors.

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