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Biden administration says it wants to cap rent increases at 5% a year
The Biden administration wants a new law that would cap annual rent increases at no more than 5% — or landlords would lose a major tax break.
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The Biden administration wants a new law that would cap annual rent increases at no more than 5% — or landlords would lose a major tax break.
Mark Powell, Real Estate Broker & President-Elect San Diego Association of Realtors joins CBS New York to discuss summer rental scams people should know about.
New York City's rent-stabilized apartments will see another rent increase following Monday's vote. CBS New York's Elijah Westbrook has reaction from tenants.
New York City's Rent Guidelines Board will vote tonight on another proposed rent increase for rent stabilized apartments. CBS New York's Christina Fan reports.
New York City's Rent Guidelines Board has passed a proposed rent increase for rent-stabilized apartments.
The proposed increase would raise some people's rent up to 6.5%. CBS New York's Christina Fan has the details.
A public hearing over a proposal that could dramatically change the city's broker fee system took place at City Hall Wednesday.
New York City's rent stabilized tenants could soon be hit with a rent hike.
An agreement was reached with the National Association of Realtors to pay $418 million to a settlement fund over the course of four years. Brian Schwagerl, clinical assistant professor at the Schack Institute of Real Estate at NYU joins CBS New York to discuss.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
The landmark deal, if approved by a court, could cause real estate fees to drop by as much as 30%, experts say.
The survey found nearly 15% of Americans have purchased a home with a person other than a romantic partner, and 48% say they would consider it.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
CBS New York got an exclusive look at one of the first buildings converting to residential housing, and has learned more on how this may change the landscape of the Big Apple.
For the first time in more than 50 years, the city's vacancy rate has dropped to 1.4% So how did we get here, and what's being done about it?
StreetEasy says SoHo tops the list, followed by Tribeca and Nolita.
Many home buyer across the Tri-State Area are rejoicing, with mortgage interest rates starting to tick down a bit. But what will the upcoming New Year look like? Will it be a buyers market or a sellers market? CBS New York's John Dias has the story.
Some good news for New York City renters, a StreetEasy report says November marks the slowest year-over-year rent growth since August 2021.
Two new reports show a clearer picture of just how many New Yorkers left the state during the pandemic.
Living in the five boroughs will never be a bargain, but if you dream of being a home owner, there are some neighborhoods you might want to check out.
The state and city are committing $200 million to jumpstart the redevelopment of the 100-year-old building.
Some say they're asked for birth certificates, marriage licenses, and even high fees for access to their own homes.
We spoke with Roadway Moving President Ross Sapir for some tips on making your next move a bit less stressful.
Whether it's a 40,000-square-foot compound with an elevator in the bathroom, or a 200-sq.-ft studio with office space hidden in the closet, home is a place that holds a huge space in our psyche.
Throughout the meeting, tenants and advocates called for a rent decrease, drowning out the board with jeers.
Check out our top picks for the biggest and best deals from the Amazon Prime Day 2024 sale, happening right now.
Dewalt tools don't often go on sale, so this Amazon Prime Day 2024 cordless drill deal likely won't last long.
Everything we know about deal prices changing for Amazon Prime Day 2024.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Shop the best smart TV deals you can still buy during the last day of Amazon Prime Day 2024.
A meteor was seen streaking across the sky Tuesday in NYC and New Jersey, passing over the Statue of Liberty and prompting reports of a possible sonic boom.
The alleged leader of a violent extremist group plotted to poison children and minorities in New York City, authorities said Tuesday.
It's a tradition that dates back to 1887. Worshippers in Brooklyn paraded through the streets, a beloved Italian tradition.
CBS New York's Maurice DuBois sat down with Eric Garner's mother, Gwen Carr, who shared deeply personal insights into her son's life, which until now have been largely overshadowed by the tragedy of his death.
A new CBS New York Investigation has found nearly four dozen hospitals have closed across New York state over the past 25 years.
Severe weather moved through parts of the Tri-State Area amid another heat wave Tuesday, causing widespread damage.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
Extreme heat returned Sunday and it's only going to get hotter over the next few days.
Leaders from across the Tri-State Area are reacting after an assassination attempt at former President Donald Trump's rally in Butler, Pennsylvania on Saturday.
NJ Transit says the excessive heat is causing equipment issues, and riders should expect delays and cancellations for days.
A meteor was seen streaking across the sky Tuesday in NYC and New Jersey, passing over the Statue of Liberty and prompting reports of a possible sonic boom.
Newark City Council President LaMonica McIver has won the special House Democratic primary to succeed the late Donald Payne Jr. in Congress.
President Joe Biden and the Democratic National Committee are trying to grab some of the political spotlight, in part by unveiling a new plan to cap rents and build housing.
CBS New York's Christine Sloan has covered Sen. Bob Menendez for more than 30 years and described Tuesday's verdict as "an extraordinary moment."
Officials in Hempstead are warning beach goers about recent shark sightings and rough seas.
Nassau County Executive Bruce Blakeman signed a a controversial transgender athlete ban Monday which passed last month by the Nassau County legislature along party lines.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
Extreme heat returned Sunday and it's only going to get hotter over the next few days.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Former President Donald Trump looked on Tuesday night as his onetime rivals for the nomination lined up to support him.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
Newark City Council President LaMonica McIver has won the special House Democratic primary to succeed the late Donald Payne Jr. in Congress.
CBS New York's Christine Sloan has covered Sen. Bob Menendez for more than 30 years and described Tuesday's verdict as "an extraordinary moment."
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
At least two cases of measles have been found in people staying at a New York City-run shelter for migrants in Brooklyn.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A first responder on Long Island is said to be the first in the country, outside a clinical trial, to undergo a life-saving surgery for peripheral artery disease.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
Shannen Doherty had been battling cancer since 2015.
Judge Mary Marlowe Sommer dismissed the case with prejudice based on the misconduct of police and prosecutors.
Shelley Duvall worked frequently with director Robert Altman, and appeared in her final film in 2023 after decades away from Hollywood.
Alec Baldwin has pleaded not guilty to involuntary manslaughter in the case, which stems from the 2021 on-set shooting of Halyna Hutchins, the cinematographer for "Rust."
Argentina won its second straight Copa America championship, overcoming Lionel Messi's second-half leg injury to beat Colombia 1-0 on Lautaro Martínez's 112th-minute goal.
Fans appeared to breach the security gates at Hard Rock Stadium hours before the Copa America final between Argentina and Colombia.
Michael Toglia hit three of the Rockies' six homrs in an 8-5 win over the Mets on Sunday.
Spain has won a record fourth European Championship title after Mikel Oyarzabal's 86th-minute goal clinched a 2-1 victory as England's painful decades-long wait for a major trophy goes on.
The Orioles, aided by a pair of miscues by the Yankees, rallied in the ninth inning for a 6-5 win on Sunday.
It's a tradition that dates back to 1887. Worshippers in Brooklyn paraded through the streets, a beloved Italian tradition.
Yehuda Beinin said his daughter was held in two different homes in Gaza for 54 days.
The New York City Department of Environmental Protection is installing seven miles of porous pavement in Brooklyn.
CBS New York first reported in April that drivers were illegally parking cars in a grassy area alongside a bike lane under the Queensboro Bridge. Since then, community members say they've seen little improvement.
Mayor Eric Adams' rezoning proposal, dubbed "City of Yes," sparked debate at a lengthy public hearing Wednesday.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
The powerful New Jersey Democrat was convicted Tuesday on several federal counts, including bribery, extortion and wire fraud. CBS New York's Christina Fan has the latest on the fallout.
NJ Transit says the scorching temperatures are causing equipment issues, and riders should expect delays and cancellations for days. CBS New York's Shosh Bedrosian reports from Secaucus Junction.
CBS New York's Tony Sadiku and John Elliott have the latest weather forecast.
CBS New York's Lonnie Quinn has your First Alert Forecast for July 16 at 11 p.m.
A CBS New York Investigation has found nearly four dozen hospitals have closed across New York State since 2000. Investigative Reporter Tim McNicholas shows us how one impending closure here in the city is already affecting patients.