News
| Marketing & Statistics |
Empire State home sales, prices climb as inventory continues to fall
May 22, 2013 Posted by NYSAR
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
May 7, 2013 Posted by FEMA
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 pending sales up
April 22, 2013 Posted by New York RealEstateRama
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
Cuomo Administration Demands Fannie Mae and Freddie Mac Change Restrictive Guidelines That Could Hit Sandy Victims With Large Spikes in Their Mortgage Payments
April 9, 2013 Posted by New York RealEstateRama
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; Foreclosures Rise City – wide
April 3, 2013 Posted by RealEstateRama
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
Tenants to legislators: Stop rents from rising faster than wages!
March 29, 2013 Posted by New York RealEstateRama
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.
Recovery continues: 2013 housing market starts strong with sales, price gains
February 21, 2013 Posted by New York RealEstateRama
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
NYC REAL ESTATE BROKER CONFIDENCE STARTS OUT STRONG IN 2013
February 5, 2013 Posted by New York RealEstateRama
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 MODEL
January 22, 2013 Posted by New York RealEstateRama
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.
2012 housing market posts strong gains: Recovery is at hand with sales and price increases
January 22, 2013 Posted by RealEstateRama
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 Fed Study Examines Manhattan Housing Market
December 18, 2012 Posted by New York RealEstateRama
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
FEMA Announces Temporary Housing Rental Assistance Increase in New York and New Jersey
November 8, 2012 Posted by FEMA
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.
Rep. McCarthy Announces Rental Assistance Increase for Hurricane Sandy Victims
November 8, 2012 Posted by New York RealEstateRama
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 Fed Releases an Assessment of the Distressed Residential Real Estate Situation
October 8, 2012 Posted by New York RealEstateRama
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.
COMPTROLLER LIU RECOVERS RECORD $2 MILLION FROM DAMAGE TO CITY PROPERTY
August 9, 2012 Posted by New York RealEstateRama
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.
