Marketing & Statistics

Marketing & Statistics

New York Fed Provides Look at Regional Household Debt and Credit

The Federal Reserve Bank of New York today launched a series of reports detailing trends in borrowing and indebtedness at the state and local level. The Regional Household Debt and Credit Snapshot includes data about mortgages, student loans, credit cards, auto loans and delinquencies for New York City and its boroughs, as well as various metro areas in New York State, northern New Jersey and western Connecticut. There are a total of 27 Snapshots.

In Capital Region: More Than 107,000 Homeowners Will Receive Average $882 in Annual Direct...

Governor Andrew M. Cuomo today detailed projected savings for New York taxpayers as a result of the Property Tax Relief program, which provides 1.3 million homeowners significant financial relief. The $1.66 billion program, which also includes a renters' credit, is part of the Governor's 2015 Opportunity Agenda.

New York State sales, median price rise in February

Despite being one of the coldest Februarys in history, the New York State housing market notched gains in both closed sales (2.5 percent) and median sales price (1.3 percent) compared to last February, according to the housing market report released today by the New York State Association of REALTORS.

Bronx Apartment Building Workers Ratify New 4-Year Contract

Bronx Residential workers overwhelmingly ratified a new 4-year contract tonight that will give them a $64.75 per week raise over the next 4 years and maintain the health care and retirement benefits for over 3,500 residential workers. Their new contract also includes an employer 401k contribution of five dollars per week starting in the second year of the contract

SL Green Realty Corp. Announces $0.60 Dividend on Its Common Stock for First Quarter...

SL Green Realty Corp.(NYSE:SLG) today reported that its board of directors has declared the quarterly dividend of$0.60per share of common stock.

Report: 5,484 Units of Affordable Housing At Risk If Tax Abatement Is Eliminated

"Without 421-a, our housing crisis will take an immediate turn for the worse."

Consumers Expect Lower Home Price Growth, Mixed Labor Market

Results from the February 2015 Survey of Consumer Expectations (SCE) paint a multifaceted picture of the direction of the US economy. Median consumer inflation expectations at the short term horizon declined slightly to 2.8 percent, but remained stable at the three-year horizon. Both home price expectations and household spending change expectations fell to their lowest levels since the inception of the survey in June 2013

New York State home sales slow in January

The number of closed home sales in New York State during January dipped by 10.7 percent compared to January 2014, according to the housing market report released today by the New York State Association of REALTORS

Lexington Realty Trust Reports Fourth Quarter 2014 Results

NEW YORK, NY – February 19, 2015 – (RealEstateRama) — (GLOBE NEWSWIRE) -- Lexington Realty Trust ("Lexington") (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the fourth quarter ended December 31, 2014.

FHLBNY Announces Fourth Quarter and Full-Year 2014 Operating Highlights

New York, NY – February 18, 2015 – (RealEstateRama) — The Federal Home Loan Bank of New York (“FHLBNY”) today released its unaudited financial highlights...

NYS median home sales price holds steady in April

Albany, NY - May 22, 2014 - (RealEstateRama) -- The New York State median home sales price held steady in April at $215,000 compared to April 2013, while the number of closed sales fell by more than 11 percent compared to a year ago, according to the housing market report released today by the New York State Association of REALTORS. Sales dropped 1.8 percent compared to the start of 2013

Empire State median sales price continues to climb as home sales dip in first...

Albany, NY - April 22, 2014 - (RealEstateRama) -- The New York State median sales price grew by 5.1 percent in the 2014 first quarter compared to a year ago, continuing its upward trend, according to the housing market report released today by the New York State Association of REALTORS. Sales dropped 1.8 percent compared to the start of 2013.

Wintry weather fails to quell demand for homes

Albany, NY - February 21, 2014 - (RealEstateRama) -- The New York State housing market started 2014 on solid footing with closed and pending sales falling minimally from the significant gains posted in January 2013, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price continued to grow as it did throughout 2013, posting a 10.1-percent increase compared to last January

Governor Cuomo Outlines Proposal to Cut Property Taxes on Long Island

Albany, NY - February 20, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today detailed his proposal to cut taxes for residents and businesses during a visit to Nassau Community College in Nassau County. As part of the Governor’s 2014-15 Executive Budget, the proposal continues the fiscal discipline of the past three years by holding spending increases to below two percent, while also reducing taxes by more than $2 billion by 2016-17

Empire State housing market momentum continues into November

Albany, NY - December 19, 2013 - (RealEstateRama) -- The Empire State’s November housing market posted a 4.8-percent increase in closed sales compared to a year ago, according to the housing market report released today by the New York State Association of REALTORS. The strong buyer activity also drove a 9-percent growth in the median sales price compared to November 2012

New York Fed Report Shows Household Debt Rises in Third Quarter

NEW YORK, NY - November 14, 2013 - (RealEstateRama) -- In its latest Household Debt and Credit Report, the Federal Reserve Bank of New York announced that outstanding household debt increased $127 billion from the previous quarter, the largest increase since the first quarter of 2008. The increase was due to rises in mortgage balances ($56 billion), student loans ($33 billion), auto loans ($31 billion) and credit card debt ($4 billion). The Quarterly Report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample drawn from anonymized Equifax credit data

Empire State third quarter home sales jump 17 percent

New York, NY - October 21, 2013 - (RealEstateRama) -- Motivated homebuyers dominated the Empire State’s summer housing market, powering 17.4-percent jumps in both statewide closed sales and pending sales during the third quarter, according to the housing market report released today by the New York State Association of REALTORS®. The state median sales price increased by 5.4 percent statewide.

Strong New York State housing market sees sales, median and pending gains through first...

Albany, NY - July 22, 2013 - (RealEstateRama) -- The New York State housing market posted strong numbers through the first six months of 2013 with expansions in closed sales, median sales price and pending sales compared to a year ago, according to the housing market report released today by the New York State Association of REALTORS.

New York State home prices rise for 7th consecutive month

Albany, NY - June 20, 2013 - (RealEstateRama) - Robust buyer activity across New York State in May resulted in a 12-percent growth in the statewide median sales price from May 2012, according to the housing market report released today by the New York State Association of REALTORS.

Empire State home sales, prices climb as inventory continues to fall

Albany, NY - May 22, 2013 - (RealEstateRama) -- The New York State housing market continued to build on its early 2013 momentum with April gains in closed sales, median price and pending sales, according to the housing market report released today by the New York State Association of REALTORS. April 2013 closed sales for existing single-family homes, townhomes and condos were up 8.5 percent compared to April 2012, while the median price and pending sales rose 10 percent and 19 percent, respectively. Year-to-date closed sales are 5.4 percent ahead of the first four months of 2012

New York: By the Numbers

NEW YORK, NY - May 7, 2013 - (RealEstateRama) -- The Federal Emergency Management Agency and the U.S. Small Business Administration have approved $7 billion in direct assistance to homeowners, renters, businesses, government agencies and nonprofits that were affected by Hurricane Sandy.

New York State housing market posts solid first quarter; closed sales, median price and...

Albany, NY - April 22, 2013 - (RealEstateRama) -- The New York State housing market posted a solid first quarter of 2013 with gains in closed sales, median sales price and pending sales compared to the 2012 first quarter, according to the housing market report released today by the New York State Association of REALTORS. The statewide inventory of homes for sale continued to decline, reaching its lowest point since January 2006

REPORT: REAL ESTATE’S POST-RECESSION COMEBACK CONTINUES WITH SALES PRICES AND ACTIVITY ON THE RISE

NEW YORK, NY - April 9, 2013 - (RealEstateRama) -- The New York City residential sales market got off to a strong start in 2013 with an increase in activity and a jump in median sales prices citywide, despite the lack of inventory, according to The Real Estate Board of New York (REBNY)’s First Quarter New York City Residential Sales Report.

Cuomo Administration Demands Fannie Mae and Freddie Mac Change Restrictive Guidelines That Could Hit...

Albany, NY - April 9, 2013 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that his Administration is demanding that Fannie Mae and Freddie Mac change restrictive guidelines which could hit thousands of Superstorm Sandy victims with large spikes in their mortgage payments. Fannie and Freddie’s current policies could result in a typical family being forced to make an immediate balloon mortgage payment of more than $6,000 or see a monthly payment spike of more than $500 or 50 percent.

New Housing Report finds NYC’s Home Prices Rose Modestly in Final Quarter of 2012;...

WASHINGTON, D.C. - April 3, 2013 - (RealEstateRama) -- New report from NYU's Furman Center for Real Estate and Urban Policy finds New York City home prices rose two percent in the final quarter of 2012, while foreclosure activity increased 53 percent over the final quarter of 2011; The Bronx sees promising signs of renewed building activity

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SARATOGA & CAPITAL REGION HOMEOWNERS IN TAX JEOPARDY AS NEWLY CONFIRMED...

Standing with Saratoga County homeowners and amidst rising local anxiety, today U.S. Senate Minority Leader Charles E. Schumer launched a push to preserve popular, but increasingly at-risk tax deductions Saratoga homeowners and taxpayers depend upon to keep the Capital Region’s cost of living in-check. Whether new Saratoga homeowners, longtime owners, or those looking to buy right now, Schumer said locals are in tax jeopardy as newly-confirmed U.S. Treasury Secretary Mnuchin has suggested threats to mortgage, state and local property tax deductions.