When people hear of the Bronx, they think of a “rough” borough of New York. Yes, it was entrenched in urban blight in the 1970s, but the Bronx has come a long way. Since 2010, the borough has experienced a steady climb in housing costs and development. In the past...
The Opportunity Zones program is a new economic development tool that is still in the process of being set up. In fact, the Treasury department only released the first set of rules on October 19, 2018. It arises from the Tax Cuts and Job Acts of 2017. The program...
One of the last holdouts for affordable real estate anywhere in the New York City metro area has historically been the Bronx. Made famous as the birthplace of hip hop and the on-scene filming location for gritty Spike Lee joints, the Bronx has long had the reputation...
Though the Bronx has suffered in the real estate game from abandonment and unused lots, that reality has been changing in recent years. With new incentives and public demand, buildings that sat empty and unused have now been replaced with constructions that are...
In the past century, the New York City real estate market has seen significant fluctuation. With the emergence of apartment complexes, new legislation, and financial disrepair, the market was forced to adapt to demands and challenges over time. 1910s With the dawning...
The act of home buying has taken hits over the years with mortgage crises and economic downfalls, but it seems that home ownership is on the rise. Recently, the cost of rent has been increasing, but the cost of buying a home is falling. This suggests that buying a...
