Airbnb Faces Challenges in NYC, San Francisco – NMP Skip to main content

Airbnb Faces Challenges in NYC, San Francisco

Jun 28, 2016
Nearly 14 percent of Americans living in rental housing possess the credit scores and incomes to afford buying the median home in their markets, according to a new analysis released by Zillow

A new report is blaming the short-term home-sharing service Airbnb for removing thousands of housing units from the New York City market while driving up rents across the city.

According to a New York Daily News report, the advocacy groups Housing Conservation Coordinators and MFY Legal Service published a study that identified approximately 8,000 New York City-based Airbnb listings that were advertised with such regularity—and for time spans lasting up to three months out of the year—that they could be considered as unlicensed lodging. The report stated that putting those units back into the housing market would boost the city’s rental vacancy level by 10 percentage points from its current rate of 3.45 percent.

Separately, Airbnb has filed a lawsuit against the municipal government of its hometown, San Francisco. CNN reports that the company is seeking to block a new ordinance taking effect next month that requires all Airbnb hosts to register with the city, or else the company would be fined up to $1,000 a day for each unregistered listing. Complicating matters is a requirement for registrations to made in person at municipal offices, rather than online.

Airbnb charges the city violates the Communications Decency Act, Stored Communications Act and the First Amendment. The city did not publicly comment on the lawsuit.

About the author
Published
Jun 28, 2016
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026