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Eleanora Welch
2025-01-10 22:53:09

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A Brooklyn businessman admitted Friday to funneling illegal campaign contributions to Eric Adams’ 2021 campaign — in the first guilty plea connected to the federal bribery case against the mayor.

Erden Arkan, the Turkish-born owner of KSK Construction Group in Williamsburg, copped to one count of conspiracy to commit wire fraud in Manhattan federal court, telling the judge he knowingly broke the law by helping to coordinate the “straw donor” scheme.

“When I wrote the checks, I knew that the Eric Adams campaign would use the checks to apply for public matching funds,” Arkan said in English, while listening to a Turkish translation of the hearing on headphones.

Arkan reimbursed employees of his construction firm for their campaign donations at the request of a Turkish diplomatic official allegedly at the center of the case against Adams.

Erden Arkan, the Turkish-born owner of KSK Construction Group, admitted to illegally making the donations Friday.William Farrington

Straw donor schemes are illegal because they’re used to skirt campaign contribution limits or shield who’s actually funding a candidate.

Alicia Thompson
2025-01-10 23:04:15

Buying a house has become a challenge for first-time homebuyers in the US. 

Listing and mortgage prices have remained high, and only 24 percent of homebuyers were first-timers in 2024 - the lowest on record, according to the National Association of Realtors.

However, some US cities may give these buyers a fighting chance of finding their first house.

The sooner they make an offer, the better - especially in 10 cities that Realtor.com ranked as this year's best markets for first-time homebuyers.

Realtor.com scored 3,579 Census-Designated Places located within the 100 largest metropolitan areas in the US and ranked the top 10 cities that had populations of at least 5,000 with at least 500 active for-sale listings in the past year.

'The places highlighted offer opportunities for first-timers in terms of the cost of housing, availability of homes for sale, and quality of the location,' said Realtor.com Chief Economist Danielle Hale.

'Even in these high-opportunity areas, trade-offs likely need to be considered for buyers to get to the closing table.'

Out of the 10 cities featured on the list, the one that stood out from the rest is Harrisburg, the capital of Pennsylvania

Realtor.com announced the best US markets for first-time homebuyers in 2025
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Realtor.com announced the best US markets for first-time homebuyers in 2025