New York City’s Rent Guidelines Board has fulfilled a campaign promise by Mayor Zohran Mamdani by voting 7-1 for freezing rent increases on the one- and two-year leases for nearly one million rent-regulated apartments. According to the Wall Street Journal, the freeze...
A bipartisan majority of the New York City Council has called on Mayor Zohran Mamdani to use eminent domain for the seizing a structure located next to a city-owned property with a connection to the Underground Railroad. The New York Post reports 32 Council members...
A broke city gets a new tax, a pesky deed thief is back in custody, and Tampa Bay gets another $1 billion request for a stadium. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 25-29. Miss: Ignoring the Root of the...
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...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
