Housing affordability is worst on record, data shows
Housing affordability nationwide is the worst it has ever been on record due to spiking home prices and interest rates, Bloomberg reports. The crisis has reached areas of the country that once had the most affordable homes, the outlet reported citing data from the Federal Reserve Bank of Atlanta. In
Who’s crazy enough to build office?
When 175 Park Avenue is complete, it will rise 1,575 feet, second only to One World Trade Center among New York City’s tallest towers. It is a statement in more ways than one: As companies shrink their office footprints and reduce headcount, developers RXR and TF Cornerstone remain confident that th
Real estate’s wish list: Industry’s priorities for 2023
Nearly a year ago, Gov. Kathy Hochul proposed zoning changes and property tax incentives as part of her state budget. To the dismay of the real estate industry, most of that housing agenda flopped. But the industry has its sights on some of the same proposals and others heading into the 2023 legisla
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