New measures are in the works to solve the city’s housing and office crises — but they depend on whether Mayor Eric Adams has what it takes to push them through the obstructionist City Council. The housing-starved city will need 473,000 new apartments by 2032, according to the Regional Plan Association, but only 11,000 new
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Consumers confronted with high housing prices sometimes point to private equity when buying homes as a contributing factor. But experts say that while the housing market has multiple issues, it’s hard to determine if real estate investor activity is truly deterring people from becoming homeowners across the U.S. Real estate investors purchased about 44,000 U.S.
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Several markets where high-end home prices haven’t skyrocketed are dense population centers that people left during the pandemic, when remote-work options allowed folks to live farther from their big-city jobs. These already high-priced housing markets meant there wasn’t much room for prices to grow, especially given buyers’ ongoing affordability challenges, points out Hannah Jones, a
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Hurricane Irma strikes Miami, Florida, in 2017. Warren Faidley | Getty Images Hurricane season has officially begun. With scientists predicting yet another active year for storms, making your home hurricane resistant has become a more valuable precaution. The National Oceanic and Atmospheric Administration said in its forecast May 23 that it expects an 85% chance
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