StreetNoise

Fed raises interest rates, new bill blocks foreclosures, & more

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By Emily Myers  |
May 5, 2022 - 10:30AM
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The Federal Reserve raises interest rates by half a percentage point—the highest increase in 22 years (CNN)

Owners at risk of foreclosure could get relief with the passage of a bill countering a court ruling in favor of lenders (The City)

Millions of renters brace for steep hikes ahead of the vote by the Rent Guidelines Board (Gothamist)

Sales launch at The Brooklyn Tower, Brooklyn’s tallest apartment building, with studios starting at $905,000 (press release)

Manhattan sales volume shows signs of slowing down as mortgage rates rise (The Real Deal)

Co-op and condo boards can get free inspections for decks, porches, and retaining walls–without the risk of violations—throughout May (Habitat Mag)

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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.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.

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