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Brooklyn Real Estate Trends 2019
The real estate scene in Brooklyn has made 2019 a year to remember. From April to June in 2019, more than 1,500 apartments were rented to eager New Yorkers. This puts it the highest it's been over the course of the second quarter since 2009. More so than in the...
How NYC’s New Real Estate Regulations are Impacting the Market
In June of 2019 New York State Legislature passed some of the most historic rent regulations within the Housing Stability and Tenant Protection Act of 2019. Since that time landlords and real estate developers have been weighing out the different effects that could be...
New York Real Estate in 2020
The New York Real in 2020 will remain fairly flat, with a few highlights. Though the New York City area will continue to grow, prices are forecast to increase only 2.6% through February, a much lower number than in previous years. This puts New York City in the bottom...
An Overview of Property Tax in NYC
Overview New York City is one of a handful of cities in the United States that issues a property tax (separate from those payable to the state) on its property owners. These taxes fund a number of critical services, including police, fire, sanitation, education,...
Current Trends in Queens Real Estate
The real estate market in Queens is a fluctuating one; it is defined by characteristically high housing prices -- both when purchasing and when renting. A close evaluation of the past year reveals characteristic trends when it comes to housing prices, demand for...
A Brief History Of Manhattan Real Estate
Last year saw a definite downgrade in real estate sales throughout Manhattan. Though the land itself has a value of approximately $1.4 trillion, its residences haven't fared so well. Real estate development has slowed down considerably over the course of the year. Yet...
NY’s 2018 Top Selling Real Estate Properties: What Can be Learned?
The world of upscale real estate has seen increased competition in recent years, but few markets can rival New York City. The American metropolis has seen a slew of high end residential developments breaking ground in recent years, with prestigious locations such as...
NYC’s Real-Estate Market Showed Signs of Improvement During Q1 2019
The first quarter of 2019 provided a breath of fresh air to New York City's real-estate market, which dragged in the latter quarter of 2018 and returned less-than-desirable volume and price results during the preceding five years. Financial experts and property...
Tensions remain high as NY real estate legislation looms
The New York real estate market is reeling today over a package of impending market reforms. Per the New York Times, the reforms, which strive to change numerous existing rent control and tenant protection laws, would impact upwards of one million rental apartments in...
The Continued Damage of Redlining in NY Real Estate
In 1933 Roosevelt's New Deal created housing programs designed to remedy a housing shortage. These programs created exclusively white suburban communities, excluding people of color and pushing them to urban housing projects. This segregation was worsened in 1934 with...