Leaving a 'golden cage,' mortgage rates tumble, & more

By Jennifer White Karp | November 18, 2022 - 10:30AM

A family gives up a “golden cage”—a rent-stabilized apartment—when they realize they can afford to buy an HDFC co-op (The New York Times)

New York’s communities of color and immigrants were more likely to face housing insecurity compared to white residents in 2021 (CityLimits)

Real estate developer Zeckendorf commissions photography by longtime local artist Cynthia Karalla to hang in 1289 Lexington, a new luxury condo (The New York Times)

The average 30-year fixed-rate mortgage decreased this week to 6.61 percent, down from last week’s 7.08 percent (HousingWire)

Manhattan landlord William Koeppel seeks $10,000,000 from his mother over rent overcharge claims at 350 East 52nd St. (The Real Deal)

The U.S. housing market is likely close to hitting bottom, a prominent economist says (New York Post)

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.

SEE MORE BY Jennifer White Karp »

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.