Monthly Archives: May 2022

5 Things to do this Weekend: May 27

May 26, 2022 |

Spring is here with fresh adventures for you around town and online! Here’s a round-up of five activities that we found most interesting for you this week. ¡Más Mole, Por Favor! Few events celebrate the city’s Latino culture and Mexican cuisine like Pilsen’s annual Mole de Mayo Festival. A time-honored tradition where local chefs and […more]

Florida lawmakers pass new condo safety legislation a year after Surfside disaster

May 26, 2022 |

While the investigation into the exact cause of the Surfside condominium collapse continues, documents released by the City of Surfside revealed the warning signs for the beachfront Champlain Towers South condo disaster that ensued. Florida passes condo reform in the wake of Surfside collapse 11 months after the tragic collapse of the Surfside condos that […more]

Housing Best Hedge Against Inflation in Uncertain Times

May 26, 2022 |

One of my finance professors in college named housing best hedge against inflation and I never forgot that.  He said tangible assets like real estate, gold, silver, etc. retain their value as the dollar is devalued due to inflation. Construction Costs Going Up In fact, as inflation heats up, the cost to build new construction […more]

Craigslist, Scammers, and Real Estate

May 26, 2022 |

Every few weeks, I get a call from someone who is reaching out to see whether a property I had listed is actually for rent. These tech-savvy folks have often performed a reverse search on the photos posted in the rental listing and found my information. Almost always, my answer is no – the property […more]

Subway ridership almost at 90% of pre-pandemic levels in NYC’s working-class neighborhoods

May 26, 2022 |

Photo by Jenna Day on Unsplash Subway ridership has nearly returned to pre-pandemic levels in New York City’s working-class neighborhoods. During the Metropolitan Transportation Authority’s monthly board meeting on Wednesday, MTA Chair and CEO Janno Lieber said in most working-class neighborhoods throughout the five boroughs, subway ridership has climbed back up to 70, 80, and for some, […more]

Pending Home Sales in the U.S. Are Nearing a Decade Low

May 26, 2022 |

Having ticked down 1.2 percent in March, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 3.9 percent in April to 99.3, which was 9.1 percent lower than at the same time last year, the sixth consecutive month with a […more]

Fixed mortgage rates move lower for the second week in a row

May 26, 2022 |

For much of this year, mortgage rates had been steadily climbing higher, reaching levels not seen in more than a decade. But these past few weeks have offered a bit of a reprieve. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to its lowest level in five weeks, […more]

The top rooftop hotel pools in NYC offering day passes

May 26, 2022 |

Photo courtesy of The Williamsburg Hotel Coming soon: Summer heat and dreams of poolside vibes. Some lucky apartment dwellers count a pool among their building’s amenities. Otherwise, your local options include public pools or pricey pool clubs and gyms. One more way to dive in this summer is to snag a day pass to a […more]

Purchase mortgage rates average 5.10% continuing two-week slide

May 26, 2022 |

Purchase mortgage rates this week averaged 5.10% continuing a decline from last week amid a housing market slowdown, according to the latest Freddie Mac PMMS.  A year ago at this time, 30-year fixed rate purchase rates were at  2.95%. The government-sponsored enterprise index accounts solely for purchase mortgages reported by lenders during the past three […more]

The Insider: Emerging Designer Brings Lively Layered English Style to Clinton Hill Duplex Rental

May 26, 2022 |

Interior designer Christina Nielsen brought a spot of English flair to Brooklyn recently when she set up her Clinton Hill-based design practice, Christina Nielsen Design. By that she means “Everything very intentionally put together, with lots of layers and patterns,” as in the decor of the duplex apartment she shares with… Read More > The post […more]