• NYC Renters Paid an Extra $616 Million Thanks to Airbnb

    5 monthes ago - By Fortune

    The cost of Airbnb to New York renters: $616 million.
    That's the conclusion of a new report by city Comptroller Scott Stringer that details the home-sharing website's impact on housing affordability from 2009 to 2016. It's no secret to New Yorkers that leasing costs skyrocketed during the time. But to isolate the Airbnb effect, Stringer's office compared the growth in what rents would have been without listings on the site to what they actually were. Airbnb Inc. disputed the study's findings, calling them "wrong on the facts" and containing "substantive issues with the methodology."
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  • NYC luxury housing market saturated with inventory, says celebrity relator

    5 monthes ago - By CNBC

    Ryan Serhant, celebrity relator and "Million Dollar Listing New York" star, speaks to CNBC's Robert Frank about the state of the luxury real estate market in New York City.
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