Fed raises interest rates, mortgage applications down, & more

By Emily Myers | March 17, 2022 - 10:30AM

The Federal Reserve raises interest rates by a quarter of a percentage point and plans six more hikes this year, which will make borrowing more expensive (The New York Times)

Mortgage rates surge towards a three-year high and applications are down (The Real Deal)

The city's doormen, supers, and building staff push for wage increases and improved benefits as a labor agreement expires (press release)

Mayor Eric Adams changes tack and promises $3 million in cash assistance to the Bronx fire survivors with a smaller sum for long-term services (Gothamist)

Warehouse distribution centers transform New York City neighborhoods in Brooklyn, Queens, and the Bronx (The New York Times)

Downtown congestion tolls are scheduled to launch at the end of 2023 (New York Post)

Emily Myers

Senior Writer/Podcast Producer

Emily Myers is a real estate writer and podcast host. As the former host of the Brick Underground podcast, she earned four silver awards from the National Association of Real Estate Editors. Emily studied journalism at the University of the Arts, London, earned an MA Honors degree in English Literature from the University of Edinburgh and lived for a decade in California.

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