The pandemic may have slowed real estate deals at the start of the year, but six months in, home sales have surged. Sales for existing homes reached a 14-year high in August, according to a report from the National Association of Realtors. Those sales — which include single-family homes, townhomes, condominiums and co-ops — rose 10.5 percent from August 2019 to a seasonally adjusted rate of 6 million homes per year. Incentivized by record-low mortgage
The City Council is poised to extend a measure that protects restaurants and retailers who violate their leases. The Council on Wednesday will vote on a bill that prohibits the enforcement of personal liability provisions in commercial leases or rental agreements in cases where a default occurred between March 7, 2020 and March 31, 2021. The initial measure, which was sponsored by Manhattan Democrat Carlina Rivera and approved in May, only applied to defaults that
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