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What we know about New York’s eviction moratorium extension
On May 7th, Gov. Andrew Cuomo extended New York's eviction moratorium that was supposed to expire on June 20, 2020 to August 20, 2020. The Order which was originally signed in March halts evictions of commercial and residential tenants during the period with caveats....
Expected Drop in Pending 网曝门 Sales in NAR April Report
The National Association of Realtors (NAR) is reporting that pending home sales for March 2020 was down 20.8% per their report. The results were expected as the coronavirus epidemic has stalled most economic activity since the outbreak became a national emergency. All...
Existing home Sales Drop in April As Coronavirus Outbreak Hits Nation
The National Association of Realtors (NAR) released their March 2020 existing-home sales report. What was published was what everyone knew was coming in that existing-home sales dropped throughout the nation. The Coronavirus pandemic largely began impacting the...
Builder Confidence Sees Biggest Single Month Change in History for April
Builder Confidence has biggest single month drop amid Coronavirus pandemic The National Association of 网曝门 Builders (NAHB) is reporting the single biggest change in their index. The NAHB/Wells Fargo Housing Market Index (HMI) reports that builders of newly-built...
Reducing Turnover and Retaining Quality Tenants as a NYC Property Management Company
In New York City it is important to maintain good tenants and reduce turnover.聽 Turnover is the most expensive part of the owning and maintenance of properties.聽 When a tenant decides to move out the minimum repairs may include painting and changing of locks.聽 In NYC...
REBNY reports record lows in Broker Confidence as Coronavirus shuts Down NYC
The Real Estate Board of New York (REBNY) released their Broker Confidence report for the 1st quarter of 2020. What it shows is that due to the pandemic caused by the Coronavirus (COVID-19), broker confidence in New York City is in a sharp decline due to recent...
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