In recent years, New Rochelle, a city in Westchester County, has been going through big changes. The downtown area has seen a lot of new buildings — tall apartment towers, businesses, and restaurants. These projects are part of a plan to bring new life to the city and attract more...
Yonkers Man Sentenced for Scamming Immigrant Families
Juan Cedillo, a 70-year-old man, scammed many immigrant families in Yonkers, New York. He promised them help with getting green cards or U.S. citizenship. These families trusted him, thinking he had legal connections or special access. But instead, Cedillo took their money and gave them nothing in return. Some families...
More Manhattan Homes Are Bought With Family Trusts Than Ever Before
In recent years, there’s been a big increase in people using trusts to buy homes in Manhattan. A trust is a legal way to hold and manage property, often set up by parents or family members. In 2024, about 28% of all Manhattan property sales involved a trust. That’s a...
How to Become a High Paid Real Estate Investment Consultant in New York
Want to become a highly-paid real estate investment consultant? Real estate investment consultants in New York play a crucial role in guiding clients through the complex landscape of property investment. They provide expert advice on market trends, property valuation, and investment strategies, tailoring solutions to meet the specific needs of...
NYC’s Housing Crisis Deepens: Evictions Spike as Renters’ Economic Struggles Continue
New York City renters are facing increasing pressures, highlighted by a striking near-200% surge in evictions. Two recent studies reveal that while landlords are managing well, their tenants are struggling significantly. Decrease in Wages and Increase in Payment Delays According to a study by the Rent Guidelines Board, there has...
Foreclosed Properties: The Risks and Rewards of Buying a Foreclosure
Buying a foreclosed home can be a good opportunity to get a great deal on a property, but it can also be risky if you don't know what you're doing. In this guide, we'll cover everything you need to know about buying a foreclosed home, including what a foreclosure is,...
Make Your Offer More Attractive to Potential Sellers by Putting Down More Money
You may thus increase your chances of success by being aggressive, despite the fact that there is a possibility that you will attempt and fail to have an offer accepted, which would put you back at the beginning and cause your timetable to become much longer. Have you fallen in...
Pricing Patterns: A Glimpse into the High-End Real Estate of New York City
In the fiercely unpredictable real estate market of New York City, recent reports suggest a noticeable cooling, with the premium segment being no exception, as confirmed by a fresh publication from PropertyShark. For years, New York City has held the distinguished title of the most expensive real estate city in...
How Much Does Real Estate Cost Per Foot in NYC Today Compared to 2015 and 2005?
NYC has always been one of the most expensive places to live in the United States. Over the past 20 years, real estate prices have gone through major ups and downs due to big events like 9/11, the 2008 recession, and the COVID-19 pandemic. In this article, we’ll look at...
High Mortgage Rates Push Average Buyers Out of New York City
In recent times, the real estate market has observed a notable shift, particularly in Manhattan, where an unprecedented surge in cash transactions for home purchases has been recorded. This trend, accentuated by mortgage rates hovering around the 6 percent mark, showcases a significant barrier for prospective buyers without substantial financial...
City Takes Over Bronx Building After Years of Landlord Neglect
For years, people living in the building at 2201-2205 Davidson Avenue in the Bronx have had to deal with broken elevators, leaking pipes, mold, rats, and even roaches. Some had to spend their own money to fix serious problems like holes in the walls or missing hot water. The building...
Impact of DOGE’s Lease Terminations on Buffalo’s Largest Office Building
The Department of Governmental Efficiency (DOGE) has implemented substantial budget cuts affecting federal operations across various regions, including Buffalo, New York. These cuts have led to the closure of several government offices within the city, notably two significant offices housed in Buffalo's most esteemed office building, 130 S. Elmwood Avenue....