New York City has largely regained residents who fled in the pandemic

People may have fled the Big Apple during the height of the pandemic, but the city appears to have welcomed back most of the residents it lost. New York City has seen a net gain of move-ins since July when compared to 2019 levels, according to a report from City Comptroller Scott Stringer. The data suggest about three-quarters of those who left during the pandemic have been regained or replaced. The data, based on change-of-address

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Moves hit 73-year low despite so-called pandemic migration

Stories of pandemic-spurred migration have dominated headlines and small talk over the past year, but recently released figures show the story couldn’t be further from the truth. More than 27 million people reported moving in the previous year, accounting for 8.4 percent of residents, according to U.S. Census Bureau data reported by The Associated Press. While that figure may seem significant, it’s actually the lowest reported movement in 73 years. From 2019 to 2020, 9.3

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City law protecting commercial tenants faces test in appeals court

Weeks after a federal court deemed it potentially unconstitutional, a key pandemic-era protection for the city’s commercial tenants is about to face its first judicial test. After ZAVŌ Restaurant & Lounge stopped paying rent on its 15,000-square-foot space at 1011 Third Avenue in March 2020, landlord Olshan Properties sued to collect at least $795,000 from owner Ilya Zavolunov and his son Michael, who personally guaranteed ZAVŌ’s 15-year lease. The suit was filed last August, after

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RIP: Zombie homes on the decline

The housing market has risen from the dead since its scary crash, and zombie properties that once littered the landscape will be hard to find this Halloween — other than those decorated for the occasion. Zombie properties — homes that are both vacant and in foreclosure — are on the decline across the country as values climb to record highs and pandemic protections prevent lenders from removing delinquent borrowers, according to a report by property

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Court reverses NYC law protecting non-paying businesses

A federal appeals court has ruled in favor of two small landlords who sued New York City in July over a package of hastily passed protections for retail tenants. The legislation at the heart of the case was signed by Mayor Bill de Blasio in May 2020 to shield certain retail tenants from their rent-seeking landlords. One temporarily bars landlords from going after the personal assets of restaurant and store owners who owe rent. Another

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NY fighting LA for housing bucks in Biden’s aid package

Political leaders from the East Coast and West Coast are fighting over a shrinking pie of federal housing funds in President Joe Biden’s proposed “Building Back Better” aid package. Democrats in Washington are considering slashing in half the funds currently allocated to address a slew of housing issues in their “Build Back Better” package to $150 billion, according to the Los Angeles Times. States address housing issues in vastly different ways, and representatives of each

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