New towers have fewer units, housing lottery approvals increase, & more

By Jennifer White Karp | September 23, 2022 - 10:30AM

Developers on the Upper East and Upper West Sides of Manhattan build new towers with fewer units than the apartment buildings they're replacing (The New York Times)

More housing lottery applicants receive approval for apartments, an increase of 24 percent over the prior fiscal year, but wait times are longer (City Limits)

Luxury real estate sales declined 28.1 percent year-over-year this summer, the largest fall on record (The Real Deal)

Here's what co-op boards need to know about reverse mortgages (Habitat Magazine)

Get some decorating inspiration at the Brooklyn Heights Designer Showhouse, which is open to the public today through Oct. 30th (Brownstoner)

New Yorkers find deals in Ansonia, Connecticut, a former manufacturing hub that’s relatively affordable and accessible by Metro-North (The New York Times)

Jennifer White Karp

Managing Editor

Jennifer steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in New York City real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC.

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