Spending over 40% of income on rent is nothing new in New York City, Los Angeles and Miami but… Those trends are taking hold in more and more metro areas around the country as well! So while rents continue on a sharp upward trajectory, it may surprise some (or not) that while the national average of monthly income […]
Living in New York City is not can’t be for everyone! Over the past few months we have written articles concerning the affordability of housing in New York City and how, whether for rent or for purchase, things have gotten much tougher for all but the super-wealthy! Infographic: The truth about the NYC apartment rental market! […]
While the majority of Americans polled are very stable and secure when it comes to their housing situation, 44% are not! The poll results below came from a survey that was conducted on behalf of the MacArthur Foundation designed to ‘develop a deeper understanding of the experiences, attitudes, and perceptions about housing, particularly of people […]
HAVE YOU EVER BEEN TO A CLOSING WHERE THE TITLE WASN’T CLEARED? WE HAVEN’T! ________________________________________________________________________ For anyone in the market for a rental apartment in New York City, a study conducted by the New York City Comptroller’s Office (Scott Stringer) has found a widening gap between the affordable and the unaffordable! This affordability gap was particularly true, as […]
Follow @Hallmark Abstract Service Also at the Hallmark Abstract Service blog in time for the NBA playoffs: ‘NBA Chart: Playoff/Regular Season ticket price comparison!‘ And in some locations the percentage of household income going to paying rent can be close to 50%! On an historical basis the median household has typically spent in the range […]
