The Real Deal - New York Real Estate News

Is Airbnb playing a role in NYC’s skyrocketing rents?

Posted: 22 May 2022 11:39 AM PDT

Looking to rent an apartment in New York City? Maybe you should instead consider taking a vacation here. Curbed is reporting the number of short-term rentals of apartments through online services such as Airbnb in the Big Apple has exceeded the number of standard rental units — just as bidding wars have sent the cost of rents in the city skyrocketing to record heights. In April, the number of full units available to rent in

China bans government elites from holding overseas real estate assets

Posted: 22 May 2022 10:00 AM PDT

That’s what Xi said. The Communist Party in China is banning its key members and their families from holding real estate assets abroad in a move it hopes will help insulate the government from potential sanctions by other countries. The Wall Street Journal is reporting a notice sent out by the party’s Central Organization Authority “prohibits spouses and children of ministerial-level officials from holding — directly or indirectly — any real estate abroad or shares

Surge in remote working a big deal for college towns like Knoxville and Athens

Posted: 22 May 2022 09:00 AM PDT

Remote work, which has surged for the past two pandemic years, is remapping the U.S., as fewer workers need to live in or near big cities. Initially, the only beneficiaries of this shift were vacation destinations in the mountains and by the water, but that growth model likely won’t last as housing costs and labor shortages limit the number of wealthy migrants who can move to places like Montana or Lake Tahoe, according to Bloomberg.