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Fed raises interest rates, new bill blocks foreclosures, & more

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By Emily Myers  |
May 5, 2022 - 10:30AM
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The Federal Reserve raises interest rates by half a percentage point—the highest increase in 22 years (CNN)

Owners at risk of foreclosure could get relief with the passage of a bill countering a court ruling in favor of lenders (The City)

Millions of renters brace for steep hikes ahead of the vote by the Rent Guidelines Board (Gothamist)

Sales launch at The Brooklyn Tower, Brooklyn’s tallest apartment building, with studios starting at $905,000 (press release)

Manhattan sales volume shows signs of slowing down as mortgage rates rise (The Real Deal)

Co-op and condo boards can get free inspections for decks, porches, and retaining walls–without the risk of violations—throughout May (Habitat Mag)

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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.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.

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