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New York City Council Approves Construction Safety Reforms

Two bills that would improve construction safety in New York City were approved by the city council Thursday....
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Seniors turn to reverse mortgages

Loans can help to pay for higher bills and luxuries...
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Heidi Klum sells her penthouse

Supermodel Heidi Klum has sold a penthouse she owns in Manhattan’s Greenwich Village for $5,350,000....
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States Move To Cut, Cap Property Taxes

Soaring property values in recent years swelled the coffers of counties and municipalities, raising calls for property-tax cuts. Now, even as foreclosures and dwindling home sales shrink local tax bases, a number of state governments are slashing or capping property-tax rates....
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Foreclosure crisis looming in western New York, experts say

With Monroe County facing a foreclosure-action rate higher than most of New York, state and local officials gathered in downtown Rochester to inform homeowners of their rights and options....
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NY mortgage exec pleads guilty to embezzlement

A mortgage escrow executive pleaded guilty on Thursday to federal embezzlement charges, admitting he stole more than $13 million in proceeds from mortgage refinancing transactions, prosecutors said....
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Data on Housing Relief Questioned

Banks and mortgage firms are providing questionable information about the number of subprime mortgage borrowers they are helping and the rate at which homeowners are falling into foreclosure, according to the top regulator for the nation's largest banks....
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Manhattan for Rent

New York's top retail corridors ranked by their changes in average asking rents per square foot....
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'Sex' and the Brokers

When Elaine Clayman was starting out as a real estate broker, she sold a four-bedroom luxury condominium for $1 million to a couple who had planned to spend $480,000....
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N.Y. Landmarks for Sale to Foreigners?

The New York Post reported Wednesday that the Abu Dhabi Investment Council, a fund based in the United Arab Emirates, is in negotiations on an $800 million deal to buy a 75 percent stake in Manhattan's Chrysler Building....
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Hook Ikea Expecting Opening Day Frenzy, Planning Camp Out

The staff of the enormous Ikea at 1 Beard Street is expecting quite a crowd for the store's opening...
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Sexy, raw and no-frills

The new top sales office in the city is the Sales and Design Tin for HL23, a stunning 11-residence Neil Denari-designed building that will cantilever over the High Line....
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Doorman wins $5 million, wants apartment in his building

A New York doorman who struck it rich when he won a state lottery is still about $5 million short of being able to buy a home in the Park Avenue building where he works, a newspaper said on Thursday....
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How HUD’s mortgage policy fed the crisis

Agency labeled risky loans ‘affordable’ and finance firms bought them up...
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Mortgage delinquency soars in NYC

The 60-day delinquency rate for New York City rose across all five boroughs, as the percentage of borrowers delinquent on their mortgages nearly doubled in the first quarter....
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