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Manhattan Rental Market Faces Intense Competition Amid Limited Housing Supply

Manhattan Rental Market Faces Intense Competition Amid Limited Housing Supply

The rental market in Manhattan has become one of the most competitive in the United States, with 11 renters vying for each available apartment, according to a report by RentCafe. This marks an increase from eight renters per unit in 2024. The surge in demand is attributed to the return of residents for in-office work mandates, coupled with a minimal 0.84% increase in new apartment availability. Despite the high demand, 66.3% of current tenants have chosen to renew their leases, leaving only 4% of units open for new renters. The report also highlights that apartments in Manhattan are being leased within an average of 36 days, which is four days faster than the previous year. Brooklyn and Queens are also experiencing competitive rental markets, with Brooklyn seeing a 5.09% increase in new apartments and Queens a 3.14% increase.
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Brad Lander, NYC's departing fiscal chief, launches a US House bid with Zohran Mamdani's backing

Brad Lander, NYC's departing fiscal chief, launches a US House bid with Zohran Mamdani's backing

New York City's chief fiscal officer Brad Lander is running for Congress, with the backing of Mayor-elect Zohran Mamdani
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Michael Lohan Jr. Sued for Alleged Illegal Rent Overcharging in NYC

Michael Lohan Jr. Sued for Alleged Illegal Rent Overcharging in NYC

Michael Lohan Jr., the brother of actress Lindsay Lohan, is facing a lawsuit for allegedly participating in a scheme to illegally deregulate over 150 rent-stabilized apartments in New York City. The lawsuit, filed by New York State Attorney General Letitia James, accuses Lohan and other executives from Peak Capital Advisors of exploiting a legal exemption meant for rehabilitating deteriorated buildings. The scheme allegedly involved purchasing 31 buildings in Brooklyn and Queens, converting rent-stabilized apartments to market-rate, and charging rents as high as $6,500 per month. The lawsuit claims that the buildings did not require extensive renovations, thus failing to meet the legal criteria for deregulation. The suit seeks repayment of overcharged rents and damages for affected tenants.
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Realtor.com Identifies Top Housing Markets for 2026 with Potential Upside for Sellers

Realtor.com Identifies Top Housing Markets for 2026 with Potential Upside for Sellers

Realtor.com Identifies Top Housing Markets for 2026 with Potential Upside for Sellers
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Real Estate Experts Highlight Challenges and Planning in Homeownership Amid Rising Costs

Real Estate Experts Highlight Challenges and Planning in Homeownership Amid Rising Costs

A recent report by Bankrate reveals that nearly 75% of Americans find homeownership unaffordable, with young people particularly affected. In Utah, the income required to afford a three-bedroom home has risen to nearly $169,000 annually, a figure deemed 'ridiculous' by prospective buyers like Jackson Hilker. Dejan Eskic, Chief Economist for the Salt Lake Board of Realtors, notes that the gap between income and home prices is widening, with monthly mortgage payments doubling from $1,500 in 2021 to $3,500 today. Despite these challenges, real estate experts suggest that homeownership is still possible with careful planning. They advise focusing on budget management rather than waiting for interest rates to drop to pandemic lows, which are unlikely to return.
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TerraUSD creator Do Kwon to be sentenced over $40 billion crypto collapse

TerraUSD creator Do Kwon to be sentenced over $40 billion crypto collapse

By Jack Queen NEW YORK, Dec 11 (Reuters) - Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, is set to be sentenced in New York federal court on Thursday for fraud and conspiracy.
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Study Reveals Over 75% of U.S. Homes Unaffordable for Average Households

Study Reveals Over 75% of U.S. Homes Unaffordable for Average Households

A recent study has highlighted a significant challenge facing American families: the affordability of homes. According to the study, more than 75% of homes currently on the market in the United States are beyond the financial reach of the average household. This finding underscores a growing concern about the accessibility of homeownership, which is increasingly becoming a distant dream for many. The study's results reflect a broader trend of rising housing costs, which have been exacerbated by various economic factors, including increased demand and limited supply. The report suggests that the current housing market conditions are contributing to a widening gap between income levels and housing prices, making it difficult for average families to secure affordable housing.
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Photos Reveal Similar Gold Decor in Epstein's Townhouse and Trump's Oval Office

Photos Reveal Similar Gold Decor in Epstein's Townhouse and Trump's Oval Office

A recent comparison of photographs has highlighted the similar gold-themed interior decorations in the Manhattan townhouse of the late Jeffrey Epstein and the Oval Office under President Trump. The images, which have been authenticated, show gold trimmings and decorations in both locations. The photo of Epstein's townhouse was taken by the FBI during a raid in 2019 and was later submitted as evidence in the trial of Ghislaine Maxwell, Epstein's associate. Meanwhile, the Oval Office's gold decor was part of a renovation initiated by President Trump in March 2025, which was privately funded and completed by August 2025. This renovation included gold filigree and custom carvings inspired by Trump's Mar-a-Lago estate.
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Waukesha County Sees Surge in Million-Dollar Home Sales Amid Competitive Market

Waukesha County Sees Surge in Million-Dollar Home Sales Amid Competitive Market

Waukesha County Sees Surge in Million-Dollar Home Sales Amid Competitive Market
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Realtor.com Report Highlights Affordability Challenges and Market Shifts in U.S. Housing

Realtor.com Report Highlights Affordability Challenges and Market Shifts in U.S. Housing

Realtor.com Report Highlights Affordability Challenges and Market Shifts in U.S. Housing
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Long Island City and Astoria Apartments Offer Skyline Views and Modern Amenities

Long Island City and Astoria Apartments Offer Skyline Views and Modern Amenities

Long Island City and Astoria in New York City have undergone significant transformations, evolving from industrial hubs to residential areas with modern skyscrapers. The neighborhoods now feature a variety of rental buildings offering stunning views of the Manhattan skyline. These developments include The Italic, 5Pointz LIC, Lumen LIC, Hearthstone, Malt Drive, Jasper, Center Boulevard, Gotham Point, Jackson Park, and Alta LIC. Each building offers a range of amenities such as fitness centers, rooftop terraces, and co-working spaces. The apartments are designed with open layouts, high-end finishes, and in-unit washer/dryers, catering to the growing demand for luxury living spaces with convenient access to city attractions.
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A Trail Blazers TV Guide for Seattle

A Trail Blazers TV Guide for Seattle

See where to find HD broadcasts of the Trail Blazers in Seattle.