Mortgage rates top 7%, hitting highest level since 2001
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Watch CBS News
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
If you've been out shopping lately, you may have noticed several empty storefronts, especially on the Upper East Side. CBS2's Elijah Westbrook goes into the community to see what's going on.
There's more fallout after the Suffolk County government website was hacked. It turns out, many of the county's services are still not working properly. CBS2's John Dias reports.
From abandoned to affordable, thousands of homes creating eyesores in city neighborhoods could soon be a beacon of hope in a tight real estate market. CBS2's Lisa Rozner has more on "zombie homes" in this exclusive report.
As CBS2's Lisa Rozner reports, those who stand to benefit from the initiative are potentially low- and moderate-income families.
With rents notoriously high in Brooklyn and Manhattan, you might think New York City is the most expensive place in the U.S. for renters, but that's not the case.
StreetEasy says 34% of available inventory is made up of apartments in which tenants could not afford new prices after the deals they received during the pandemic.
It's officially summer, and that means a lot of New Yorkers are apartment hunting. Rental prices are sky high, but there may be some hope. CBS2's Mary Calvi spoke with Casey Roberts from StreetEasy.
According to Realtor.com's April rental report, rents are on the rise in the New York City metro area, especially for studio apartments.
The New York City Rent Guidelines Board took a preliminary vote Thursday to increase rent stabilized units. CBS2's Natalie Duddridge has the details.
Thursday's vote will be followed by four public hearings before the final decision in June.
The $100 million project will eventually provide more than 2,000 affordable homes in Far Rockaway, and create jobs.
Many felt the pandemic would leave much of the office space vacant. But it turns out that's not exactly the case.
Many thought the pandemic left much of the city's commercial office space vacant. But it turns out that's not exactly the case. CBS2's Kevin Rincon reports.
Many people in New York City are feeling the squeeze on their rent. As pandemic deals end, even long-term renters are facing unheard-of increases; CBS2's Natalie Duddridge reports.
"For Sale" signs are few and far between in Westchester County. Low inventory plus high demand equals a difficult time for homebuyers.
As of July, the median home sale price in Manhattan was $1.2 million compared to $386,000 in the Bronx.
The 500 affected employees will instead work form home, from new shared workspaces in Manhattan and from offices in New Jersey and Connecticut.
Advocates say it's a big step toward ending housing discrimination against people who have served time in jail.
One realtor says those who sign away their rights to inspections move in and then might discover dangerously old plumbing, a bad roof, a faulty furnace or worse.
Though housing prices have soared in many parts of the country, and inventory is way down, real estate sales may still be stronger in 2021.
The home on Greenwood Lake in Orange County was once owned by the parents of Jeter's grandfather, before the family sold it in 1996.
Notable firms like Corcoran Group and Century 21 are accused of illegally discriminating against low-income tenants with housing vouchers.
Proponents say the cost of 3D technology construction is 50% cheaper than comparable newly constructed homes in Riverhead and 10 times faster.
Erin Hudson, real estate reporter at The Real Deal. estimates - based on public loan documents - secret apartments push vacancy rates of many buildings to 25% and higher.
