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In office-to-housing conversions, New York City is leading by example

by Samantha Fields

In New York, more than 12,000 new apartments are being created from office buildings that have struggled to recover since the pandemic.

“New York took big steps to make it a lot easier for office-to-residential conversions over the last 18 months,” said Dan Garodnick, who directs the New York City's planning department.

More housing affordability coverage

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Homeownership stretches out of reach: Who can afford a house in this economy?

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“I think the really critical issue at this Fed meetings, perhaps not so much if the Fed cuts or not, but it's the kind of color around the cut,” said Kyle Rodda at Capital.com.

It's FOMC meeting week. Here's what the Federal Reserve cares about

Economyby Nova Safo

Inflation has been stubbornly hanging around 2.8% for months. That’s above the Federal Reserve's 2% target. Meanwhile, key areas of the labor market are showing signs of weakness.

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