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, 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.
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
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.
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
NEW YORK, NY - March 29, 2013 - (RealEstateRama) -- Tenants & Neighbors commends the New York State Legislature for taking action to raise the minimal wage. This much needed move will help many low income households stay afloat in difficult economy. It is imperative, however, that as legislators act to raise wages for workers, they also take steps to protect these same individuals from unaffordable rent increases.
Albany, NY - February 21, 2013 - (RealEstateRama) -- The recovery of the New York State housing market continued into 2013 as January sales of existing single-family homes, condos and co-ops were 9.5 percent ahead of January 2012, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price grew by 5 percent compared to a year ago and available inventory continued to decrease
Bridgehampton, NY - February 14, 2013 - (RealEstateRama) - Saunders & Associates, a leading independent real estate firm in the Hamptons, reports record sales of residential properties for 2012. This is the most activity the agency has seen, in terms of contract signings, property showings, and investor and developer capital commitments, since 2006
New York, NY - February 5, 2013 - (RealEstateRama) -- New York City residential and commercial real estate broker confidence was at its highest levels of the last eight months in January 2013, according to the Real Estate Board of New York’s (REBNY’s) monthly Broker Confidence Index.
MAYOR BLOOMBERG ANNOUNCES WINNER OF adAPT NYC COMPETITION TO DEVELOP INNOVATIVE MICRO-UNIT APARTMENT HOUSING...
New York, NY - January 22, 2012 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert K. Steel and Department of Housing Preservation and Development Commissioner Mathew M. Wambua announced today that the winner of the adAPT NYC Competition is a development team composed of Monadnock Development LLC, Actors Fund Housing Development Corporation, and nARCHITECTS. The development team was chosen through a competitive Request for Proposals to design, construct and operate the city’s first micro-unit apartment building on a City-owned site at 335 East 27th Street in Manhattan.
Albany, NY - January 22, 2012 - (RealEstateRama) -- The New York State housing market recovered strongly in 2012 as closed sales of existing single-family homes, condos and co-ops finished 7-percent ahead of 2011. There was a modest 1.2-percent growth in the median sales price as available inventory fell by nearly 20 percent, according to the housing market report released today by the New York State Association of REALTORS.
New York, NY - January 15, 2012 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) announced today that it will release earnings for the fourth quarter and full year 2012 on Wednesday, January 30, 2013 after market close.
New York, NY - December 18, 2012 - (RealEstateRama) -- While New York City rents have rebounded in the past couple of years, renting still appears to offer a better financial value than buying in the Manhattan housing market, according to a recent study by the Federal Reserve Bank of New York
WASHINGTON, D.C. - November 8, 2012 - (RealEstateRama) -- As part of ongoing efforts to ensure families and individuals impacted by Hurricane Sandy get the support they need, the Federal Emergency Management Agency (FEMA) announced today that the agency is increasing the amount of rental assistance that it may provide eligible disaster survivors in New York and New Jersey. The rental amount, based on existing HUD Fair Market Rates (FMR) for fiscal 2013, is being increased by an additional 25 percent.
GARDEN CITY, NY - November 8, 2012 - (RealEstateRama) -- Rep. Carolyn McCarthy (D-NY4) announced that the amount of temporary rental assistance for storm survivors in her district available through the Federal Emergency Management Agency (FEMA) is increasing by 25 percent.
NEW YORK, NY - October 8, 2012 - (RealEstateRama) -- The Federal Reserve Bank of New York today released new data1 about the distressed residential real estate market, including the inventory of real estate owned properties, or REO. Through interactive maps, viewers can explore the current status and potential future scenarios for REO properties at the national and state-specific levels. Another interactive map examines the magnitude and recent history of distressed sales in New York, New Jersey and Connecticut at the state and county level.
NEW YORK, N.Y. - August 9, 2012 - (RealEstateRama) -- City Comptroller John C. Liu announced today that over the past fiscal year, his office recovered $1,978,370 from the insurance companies of individuals who damaged or destroyed City government property. The amount is the highest ever recovered for damage claims by the City Comptroller’s office, and marks a 34% increase over last year’s total, the prior record.
New York, NY - April 20, 2012 - (RealEstateRama) -- The New York State Tenants & Neighbors Coalition today joined with elected officials and allied organizations at a rally and press conference in support of critical legislation to protect seniors in rent controlled housing, A1892/S5699 (Rosenthal/Espaillat).
NEW YORK, NY - April 5, 2012 - (RealEstateRama) -- Most of the gains in Manhattan’s average asking rental rates over the past year can be attributed to increases in rates for the city’s trophy buildings. Starting rents in some of New York’s trophy product surpassed $175 per square foot for the first time since 2008, according to Jones Lang LaSalle’s Spring 2012 Skyline Review for New York.
NEW YORK, NY - April 5, 2012 - (RealEstateRama) -- Jones Lang LaSalle announced the New York office market remained relatively flat in the first quarter of 2012. Average asking rental rates rose slightly as more expensive office space is added to the market, and overall vacancy rates increased marginally. The addition of new space to Midtown South, which remains one of the tightest markets in the country, has opened up some breathing room for tech tenants clamoring for space in the submarket.
NEW YORK, NY - March 7, 2012 - (RealEstateRama) -- The Laurel Condominium, located on the Upper East Side, reports brisk activity with over $23 million in sales in February. The building is experiencing tremendous interest, especially on the two and three bedrooms that have garnered prices of over $2,000 per square foot. The rapid February sales are attributed to The Laurel’s elegant design, unique amenity offering and the limited availability of Upper East Side new development properties. With one and four bedrooms sold out, the remaining inventory includes high floor two and three bedrooms with 10 foot ceilings and with expansive city views from floor to ceiling windows priced from $2,900,000.
New York, NY - March 7, 2012 - (RealEstateRama) -- Syracuse NY realtors warmly extend their felicitations to Ms. Judith Mower, this year’s recipient of the Wisdom Keeper award. The awarding ceremony will take place at the Nicholas J. Pirro Convention Center at 800 S State Street on April 4, 2012. The event will commence at 5:00 p.m. and end at 8:00 p.m.
New York, NY - March 6, 2012 - (RealEstateRama) -- Whereas real estate condo developers in the past focused on apartments for singles and couples, they are lately rethinking their strategies and changing layouts to create three-, four- and even five-bedroom apartments. According to one recent report, sales of large New York City condos exploded in the past five years, with three-bedroom apartment sales quadrupling and four-bedroom apartments tripling.
NEW YORK, N.Y. - February 7, 2012 - (RealEstateRama) -- “The annual joint meeting of the Industrial and Office Brokers Association of the New York Metropolitan Area (IOREBA) and the New York and New Jersey Chapters of the Society of Industrial and Office Realtors (SIOR) at the New York Athletic Club was a tremendous success with over 100 people in attendance,” stated David A. Simon, President of IOREBA and Cassidy Turley Managing Principal of New Jersey. “Our two speakers provided our members and guests with an interesting and informative overview of the commercial real estate market from a national and local perspective.”