Mortgage rates climb to 15-year high
Average 6.7% rate more than doubled year-over-year: Freddie Mac
Federal Reserve keeps raising benchmark interest rates in an effort to tamp down inflation
More multifamily landlords are making less than their lenders
Rising interest rates trigger increase in negative leverage
Sales of multifamily assets have been hot in the past year, but rising interest rates are now putting investors into […]
Money for Real Estate Post Pandemic
Recovery has been faster than many expected
Guests from the banking industry note that while the process is just beginning
Multifamily landlords feel pain as tenants miss rent payments
Though some banks have backed away from lending to multifamily, some investors are finding a niche by giving struggling apartment owners high-interest financing.
The share of the riskiest apartment debt held by banks rose to 17%
Landlord-tenant implications of New York’s new Covid Emergency Law
Provides no relief to landlords and mortgagees, no way to force the property to be income producing
If a tenant files a Hardship Declaration with an Owner, the Owner cannot bring an eviction proceeding before May 1, […]
8 tips for first-time landlords in New York City
if you are new to being a landlord, your checklist should include getting up to speed on the impact of the 2019 changes to the rent laws...
If you are new to being a landlord it’s worth going to extra lengths to find a financially qualified tenant.
One sixth of NYC landlords on brink of default
16.41% of residential tenants paid no rent by the middle of October. This is an improvement from last month, 19.43% residential tenants paid no rent.
Without help from the government, more than 15 percent percent of landlords say they do not think they’ll be able […]
Commercial Property Crisis Signals Hazards for Local Banks
Retail & apartment vacancies rising & rents falling, & employers cutting...
Before the pandemic emptied the city, few lenders benefited from the heady local real estate market…
What low interest rates through 2023 means for real estate
Fed plans to keep interest rates low for the next few years, and will continue buying mortgage-backed securities
Fed signaled that short-term interest rate will remain at 0 to 0.25 percent, and projections are, rates will remain near […]
Mortgage rates notch new low
The average rate for a 30-year fixed-rate mortgage dropped .07 percentage points for the week ending Sept. 10
The rates for a 30-year fixed-rate mortgage dropped 7 percentage points for the week ending September 10, reaching 2.86 percent.