The New York State legislature has approved Gov. Kathy Hochul’s proposal to enact a new tax on second homes in New York City valued at $5 million or more. The Wall Street Journal reports the so-called “pied-à-terre tax” is part of the state’s budget legislation and...
New York City Mayor Zohran Mamdani unveiled his highly anticipated housing plan, which addressed plans to expand both affordable rental housing and homeownership opportunities. The 112-page plan, titled “Block by Block,” proposes the creation of 200,000 new affordable...
A new chairman at the Federal Reserve, a new real estate tax to bite Big Apple homebuyers, and London’s most famous rooftop will open to the public. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 11-15. Hit: A New...
New York City Mayor Zohran Mamdani is reportedly planning to drop his controversial plan to close the $5.4 billion municipal budget deficit by raising property taxes. WNBC is reporting the mayor’s scheduled budget presentation for later today will include other...
New listings on the rise, New York City’s mayor shoots his mouth off (twice), and the late Ted Turner’s property portfolio. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 4-8. Hit: A Wider Inventory. New listings totaled...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
