On this episode of Closed! Emily Cajigas and Cooper Knowlton chat with journalist Kim Velsey about a variety of topics related to the New York City housing market including how Airbnb rentals are affecting supply, bidding wars, and the proposed Good Cause Eviction Bill. They also address the new changes to the rent stabilization laws and how brokers are responding to the tightening market. It’s a great conversation and Kim has a ton of interesting insights on all of these topics. You can find Kim on Twitter at @KVelsey.

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The purchase or sale of real estate is a major financial transaction in a person or company’s life. A real estate transaction is a contract where the terms of the documents will determine your rights, so it is essential to take an aggressive approach to the negotiation and drafting of these documents. Failing to do so could cause the loss of significant value and may bind you to unfavorable terms.

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