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Gifting Property vs Inheriting: How to Avoid a Capital Gains Tax Hit
Most financial advisors advise against gifting long-held real estate before you die, especially second homes and weekend homes. If your heirs choose to sell the property, they have to pay capital gains taxes on the property’s appreciation since the parents originally bought the property. Once transferred after death, the cost basis resets thereby potentially avoiding
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Federal Court Upholds New York’s Landmark Gas Ban in New Construction
The federal court for the Northern District of New York upheld New York state’s “gas ban” legislation, the first statewide law that restricts natural gas use in new buildings, effectively banning gas stoves and other fossil fuel appliances in most new construction starting in 2026. 8/26/2025
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AI Enters the Apartment Market: From Virtual Agents to Rental Revolution
Technology has been stepping in to address the needs of tenants, landlords and large multifamily operators, and now AI is turning that slow progress into a rental revolution. One of the more mature categories for AI in the apartment space is virtual agents talking to prospective residents. Despite the progress, the technology is still in
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30-Year Mortgage Rates Drop to 10-Month Low Amid Slowing Job Growth
The average rate on the standard 30-year fixed mortgage declined to 6.58%, a low not seen since October 2024 and down from 6.63% a week earlier. Bond yields have edged lower after data showed hiring slowed sharply over the summer, putting downward pressure on mortgage rates. (WSJ) 8/15/2025
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Do rent freezes work?
Do rent freezes work? This has been tested multiple times in New York City: During Bill de Blasio’s tenure as mayor, there were no rent increases on one-year leases in 2015, 2016 and 2020 — as well as 0% for the first 6 months and 1.5% for the last 6 in 2021……and the results? Rents in