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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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investigation
Housing

HUD Inspector General discusses NYC corruption investigation

February 22, 2024 Mariel Alumit Comments Off on HUD Inspector General discusses NYC corruption investigation

​ Earlier this month, the U.S. Attorney’s Office for the Southern District of New York (SDNY) announced that it had made a series of 70 charges against current and former officials from the New York […]

Affordable
New York Post

Affordable 2-bedroom apartments for middle-class families in NYC no longer exist

February 22, 2024 Allen Santos Comments Off on Affordable 2-bedroom apartments for middle-class families in NYC no longer exist

  Mayor Eric Adams has been vocal about his commitment to addressing New York City’s housing crisis, particularly for low- and middle-income families — but a recent data analysis reveals potential shortcomings in the city’s […]

Syracuse
New York Post

It’s now harder to find an apartment in Syracuse than in NYC

February 19, 2024 kingstu Comments Off on It’s now harder to find an apartment in Syracuse than in NYC

  In the battle of the nation’s most cutthroat rental housing markets, it’s not just the usual suspects like New York City and San Francisco that are feeling the squeeze. According to a scathing, and […]

townhouse
New York Post

This grand NYC townhouse has landed a buyer after 12 years on and off the market

February 16, 2024 Mariel Alumit Comments Off on This grand NYC townhouse has landed a buyer after 12 years on and off the market

  This New York real estate saga is on its way to a happy ending after once facing foreclosure. Kylie Jenner and Travis Scott’s former East Coast love nest has finally found a buyer after 12 […]

Lorde
New York Post

Live on the same NYC floor as pop star Lorde for $2.15M

February 15, 2024 Mariel Alumit Comments Off on Live on the same NYC floor as pop star Lorde for $2.15M

Here’s your chance to be New York City neighbors with Lorde, the New Zealand-born “Royals” singer/songwriter and Taylor Swift pal — but the privilege won’t really cost you a song. A cozy-looking apartment in the […]

generation
New York Post

This generation has driven NYC vacancy rates to a historic low

February 14, 2024 kingstu Comments Off on This generation has driven NYC vacancy rates to a historic low

While the coronavirus pandemic prompted other generations to flee New York City and stay away, one age group has returned in droves.  Just a few short years after COVID temporarily emptied the five boroughs of […]

food hall fatigue
New York Post

NYC’s food hall fatigue spells doom for Market Line at Essex Crossing

February 13, 2024 kingstu Comments Off on NYC’s food hall fatigue spells doom for Market Line at Essex Crossing

New York is suffering from food hall fatigue. That’s the lesson of the unfortunate planned closing of the Market Line food hall at Essex Crossing on April 1. Developer Delancey Street Associates, however, blamed a […]

Housing Construction
Weely Real Estate News

NYC Recorded Lopsided Housing Construction Filings in Q4 2023

February 13, 2024 kingstu Comments Off on NYC Recorded Lopsided Housing Construction Filings in Q4 2023

New York City recorded 728 new building filings during the fourth quarter of 2023, which was 48% higher than the historical average dating back to 2008, according to new data from the Real Estate Board […]

Brick Underground
Weely Real Estate News

Brick Underground, a NYC Real Estate News Site, to Shut Down

February 13, 2024 kingstu Comments Off on Brick Underground, a NYC Real Estate News Site, to Shut Down

Brick Underground, an independent media resource covering New York City’s real estate news, announced it will be closing at the end of the month unless it can find someone to buy its operations. Brick Underground […]

Nir Meir
New York Post

Prominent NYC developer Nir Meir arrested in vast, years-long, $86M fraud scheme: prosecutors

February 9, 2024 Mariel Alumit Comments Off on Prominent NYC developer Nir Meir arrested in vast, years-long, $86M fraud scheme: prosecutors

A former bigwig at a once-prominent Big Apple development firm and a slew of other real estate industry executives were indicted Wednesday for allegedly stealing more than $86 million in a years-long fraud scheme, Manhattan […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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