The Federal Reserve raises interest rates by a quarter of a percentage point and plans six more hikes this year, which will make borrowing more expensive (The New York Times)
Mortgage rates surge towards a three-year high and applications are down (The Real Deal)
The city's doormen, supers, and building staff push for wage increases and improved benefits as a labor agreement expires (press release)
Mayor Eric Adams changes tack and promises $3 million in cash assistance to the Bronx fire survivors with a smaller sum for long-term services (Gothamist)
Warehouse distribution centers transform New York City neighborhoods in Brooklyn, Queens, and the Bronx (The New York Times)
Downtown congestion tolls are scheduled to launch at the end of 2023 (New York Post)