New York City's broker fee bill went into effect on Wednesday, prohibiting property owners from passing broker fees onto renters. REBNY attempted to block the bill's enforcement but failed
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The bill shifts responsibility for broker fees from renters to property owners in hopes of easing affordability woes. However, opponents say the bill will only raise costs for renters in the long run
The nation's biggest city saw the biggest gap emerge between the rates of wage growth and rent growth, according to a new report from Zillow