Haunted house rules for sellers, all-cash deals prevail, & more

By Jennifer White Karp | October 28, 2022 - 10:30AM

Scare tactics: In New York State, a court can rescind a sale if the seller plays up claims about their house being haunted and capitalizes on a buyer’s ignorance of that notoriety (The New York Times)

Since 2013, over 1,900 residential units have been built in Coney Island despite the increasing risk of flooding caused by climate change (The City)

All-cash buyers snag discounts as rising mortgage rates and market volatility paralyzes the competition (The Real Deal)

New York City has the second-largest number of renter-majority zip codes (44), outranked only by Los Angeles (46), according to a new report from RentCafe (press release)

David Hare’s new play “Straight Line Crazy” revisits the legacy of controversial urban planner Robert Moses (Bloomberg)

Conforming mortgage rates rise above 7 percent for the first time in over 20 years (National Mortgage News)

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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