Just as a ship cannot steer without its captain, a board cannot function effectively without its president. As the administrative head, this volunteer position is vital for ensuring the smooth operation of a condo, co-op, or HOA board. The …

One of the certainties of living in a co-op, condo, or HOA is that despite all having an equal stake in the financial and administrative success of the building or association, only a small percentage of residents choose to take an active r…

The term ‘diversity’ encompasses an expansive range of demographics within a population, from ethnicity, age, gender and orientation, ability, religion, and socioeconomic status to culture, language, and personal lived experience. These fac…

Author and former presidential speechwriter James Humes once said, “The art of communication is the language of leadership.” In multifamily communities, transparent and open communication helps ensure smooth operations and leads to greater …

On December 23rd, the Fifth Circuit Court of Appeals issued a decision staying the nationwide injunction issued by the U.S. District Court for the Eastern District of Texas earlier this month.  This court order reinstates the deadline for f…

Construction Coverage just released the newest edition of its  U.S. Cities With the Most Mortgage Refinances  report, with data specific to the New York-Newark-Jersey City, NY-NJ metro. While mortgage refinances declined nationally by ne…

One of the lingering effects of the pandemic is the availability of new - often less expensive - condominium units for sale in buildings that experienced major construction delays and foreclosures during the crisis. While these otherwise we…

According to a newly released report from construction industry research firm Construction Coverage, the New York metro area currently leads the nation in multifamily home construction. The U.S. housing market remains a critical economic…

Having a commercial space on the ground floor of your co-op building can be both a blessing and a curse.  On the blessing side, the income generated by such a space can provide much-needed income for a residential cooperative, reducing sha…

As the leaves change and the weather cools, it’s time to make like the squirrels and start preparing for winter. For shared interest communities, that often means dusting off the winter snow-removal supplies and equipment, from shovels and …