Mortgage rates jump, the self-storage obsession, & more

By Jennifer White Karp | February 11, 2022 - 10:30AM

Manhattan landlords Fred and Alex Hay, who were sued for making up fake tenants to hike the maximum rent of rent-stabilized apartments, will repay renters tens of thousands of dollars (The Real Deal)

An unfinished co-housing project in Connecticut goes into foreclosure—erasing members’ life savings (The New York Times)

Mortgage rates jump to the highest level since January 2020. The average for a 30-year loan was 3.69 percent, up from 3.55 percent last week (Bloomberg)

NYCHA will change its approach to evaluating housing applicants with a criminal conviction in their past (The Guardian)

Brooklyn developer Yuval Golan sues the Daily News for $310 million over a front page story that implies he is a criminal (The Real Deal)

Why does the U.S. need so many self-storage facilities? (Jersey Digs)

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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