Category Archives: Real Estate

An Increase in New Apartment Construction

By: Ranjit Gill | Published: January 4, 2013 | Categories: Market Report, Real Estate, Rental market update

A recent article in the New York Times highlighted the increase in construction of new apartments in Houston, TX as a result of the demand for more rental housing.  Much like other large markets across the country, Houston is almost at maximum capacity for apartment rental homes and rates have increased over the past two years.  …
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Fewer Homeowners Underwater

By: Cindy Coin | Published: November 15, 2012 | Categories: Market Report, Real Estate

According to an article from CBS News, negative equity dropped below 30% for the first time in years as home values rose on average 1.3% in three months.  Also, about 1.3 million more homeowners have surfaced from underwater mortgages as home prices continue to climb.  In the third quarter of the year, 28% of all homeowners …
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More Jobs = Higher Rent

By: Paul Soley | Published: October 12, 2012 | Categories: Real Estate, Rental market update

Median rents in Manhattan climbed 10% in September and are now approaching the all time high of 2006. With 77,400 new workers and a lack of significant new inventory coming online this trend is expected to continue for the foreseeable future.  Be prepared to discuss housing allowances. New York Magazine has the full story….
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Here We Go Again

By: Paul Soley | Published: April 4, 2012 | Categories: Real Estate, Rental market update

Related Entries AG Warns Against Craigslist ScamsThe story below, published in the Westchester Journal News, is yet another reminder to renters that they need to be very careful to avoid scammers that are getting bolder and more clever. Working with a reputable broker is an easy safeguard against fraud.   Victims mount in rent scam. Con …
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AG Warns Against Craigslist Scams

By: Paul Soley | Published: March 22, 2012 | Categories: Real Estate

Another spate of unsuspecting victims of Craiglist scams has prompted the New York state Attorney General to issue a warning to consumers to safeguard themselves against these corrupt practices. The Real Deal has the story. In addition to blatant fraud, it is an all too common practice to use Craigslist, and other websites, for bait …
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Speeding Up the Short Sale Process

By: Rob Carlson | Published: February 28, 2012 | Categories: Real Estate

In a recent post from dsnews.com, Ester Cho writes about a bill that has been introduced in the Senate to speed up the short sale process.  By speeding up the short sale process, the Prompt Notification of Short Sale Act looks to avoid losing homes to foreclosure as a result of the long lender response times …
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Rental Housing Availability Alert

By: Andrew Horvath | Published: July 11, 2011 | Categories: Real Estate, Rental market update

Dwellworks is issuing an alert to all companies relocating individuals into or within the United States regarding the state of the nation-wide rental market. Several factors, detailed in this US Rental Market Alert Summer 2011, are driving prices up and availability and landlord concessions down. Watch this space for further updates….
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Prices set to rise in New York?

By: Paul Soley | Published: January 24, 2011 | Categories: Real Estate, Rental market update

Per the New York Times, as excerpted below, transferees may need to prepare for rapidly rising prices in both the purchase and rental market beginning in 2012.  A lack of new construction since 2008 will create shortages likely to drive price increases. At the height of the real estate boom in Manhattan, it seemed a new glass-walled …
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New York Real Estate Disclosure Law

By: Paul Soley | Published: December 30, 2010 | Categories: Real Estate

Beginning on January 1, 2011 New York will require an agency disclosure form to be signed by the parties involved in all real estate transactions. The Agency Disclosure law simply requires that brokers have their clients sign a form stating that they understand whom the agent represents in the transaction. The form is required by …
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New York City tenants: plan for rent renewal increases

By: Paul Soley | Published: November 16, 2010 | Categories: Real Estate, Rental market update

The falling rental market in Manhattan in 2008-2009 is the ascendant rental market of 2010. Many tenants signed leases when prices were deflated or landlords were offering concessions such as free rent but are now being hit with large rent increases upon renewal. Real estate agents should always advise their customers that rent prices may …
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