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Northeast Shows An Increase in Pending home Sales While the Rest of the Nation declines
The National Association of Realtors (NAR) released their report on pending home sales for October 2019. What is shows is that pending home sales nationwide is down 1.7% with only the Northeast region showing an increase in sales. A sale is listed as pending when the...
Evictions are Down in NYC due to new rent law
The Wall Street Journal is reporting that evictions are down significantly since the state enacted the new rent laws. The Housing Stability and Tenant Protection act of 2019 was enacted in June of 2019 and has already seen a tremendous effect in filings. The Wall...
Northeast Sees Existing-网曝门 Sales Decline Amid a Nationwide Increase
The National Association of Realtors (NAR) is reporting that existing-home sales increased in October 1.9% however there was a split in results in regions with the Northeast and West reporting drops in sales. Existing-home sales are based on transaction closings...
Second Lawsuit Filed Contesting the Constitutionality of the Rent Reform Law
A second lawsuit has been filed by a small group of landlords contesting the Constitutionality of the rent reform laws called the Housing Stability and Tenant Protection Act of 2019. The Real Deal is reporting that the landlords filed a complaint led by a group of...
Gowanus Buildings Designated As Individual Landmarks Preserving Their Industrial Significance
The Batcave courtesy of The Brooklyn Daily Eagle The City's Landmarks Preservation Commission (LPC) has designated 5 Gowanus buildings to be considered as individual landmarks. This designation would pave the way in preserving the past industrial history of the area...
Housing Reform Sends NYC Multifamily Sales Tumbling Per PropertyShark Report
Queens multifamily sales up in September 2019 A new report from PropertyShark indicates that the Housing Stability and Tenant Protection Act of 2019 (TPA) has adversely affected Multifamily sales in NYC. Per the report, multifamily sales are down 76% in volume year...
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