New York Gov. Kathy Hochul announced a deal between the state and developers to build 5 World Trade Center, which will be the sole residential property within the 16-acre redevelopment project in lower Manhattan. The 900-foot-tall property will be constructed on the...
The majority of American adults are living in households with one or more people, according to a new study published by LendingClub Corp. (NYSE: LC) in partnership with PYMNTS. In a poll of 4,602 adults conducted last month, 86% of respondents said they were living...
An accused serial killer’s house attracts unwanted attention, a royal couple’s possible arrival created agita, and what does Iceland have that the U.S. doesn’t? Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss:...
What a difference a year makes – according to Redfin (NASDAQ:RDFN), a first-time homebuyer must earn roughly $64,500 per year to afford the typical “starter” home, up by $7,200 or 13% from one year earlier. Redfin reported the typical starter home sold for a record...
The New York State Division of Housing and Community Renewal announced the completion of Williamsbridge Gardens, a $91 million affordable and supportive housing development in the Williamsbridge section of the Bronx. The new development consists of two eight-story...
The U.S. Department of Housing and Urban Development (HUD) has unveiled Pathways to Removing Obstacles to Housing (PRO Housing), a new program that will provide $85 million in grants for communities to identify and remove barriers to affordable housing production and...
Hits and Misses for the Real Estate Week of May 11-15
