Buffalo, NY Leads the Way in Affordable Housing Trends
In the heart of the Great Lakes region, an extraordinary transformation is taking place. Buffalo, a city that was once in the shadows of larger cities, has now emerged as the hottest major housing market of 2024. This recognition comes from a detailed analysis by Zillow and highlights several factors that make Buffalo particularly appealing…
Finding Affordable Housing in the NYC Metro Area: A Guide for Homebuyers
People moving to NYC should come with a dream, a good pair of walking shoes—and, depending on where they plan to live, a million-dollar salary. Six-Figure Salaries for Six Exclusive Neighborhoods Six neighborhoods in the city require homebuyers to earn seven figures to even consider making an offer on a tony address, according to new…
Uber vs. Lyft: The Battle Over Driver Lockouts and Pay in New York
Uber Technologies Inc. has started to prevent some of its drivers in New York City from using its app during times when there are not many people needing rides. This action is in response to a rule in New York that has been in place for six years, which says companies like Uber and Lyft…
Protecting Yourself from Real Estate and Mortgage Scams
Real estate and mortgage scams are on the rise, with fraudsters constantly devising new ways to take advantage of unsuspecting consumers. In 2021, the Federal Bureau of Investigation’s Internet Crime Complaint Center received reports from 11,578 victims regarding incidents of real estate or rental fraud. To avoid becoming a victim, here are five common real…
Rising Prices in New York: An Insight into the Real Estate Market
Rising prices are everywhere. Real estate has always been a barometer of economic vitality and financial health. At its heart is New York, a bustling hub of activity known for its iconic skyline, diverse neighborhoods, and, notably, its spiraling property costs. Recently, the city’s real estate market has witnessed a dramatic escalation in home buying…
How to Protect Yourself from Real Estate Scams in New York’s Largest Cities
In the bustling real estate market of New York’s largest cities—New York City, Buffalo, Rochester, Yonkers, and Syracuse—opportunistic scams are a growing concern. From mortgage fraud to Craigslist real estate schemes, residents need to stay vigilant. Here’s how to spot and avoid the most common rip-offs affecting New Yorkers today. Mortgage Scams: Too Good to…
The Rise of Hard Money Loans in New York’s Property Market
Are you planning on getting hard money loans? Real estate in New York is a dynamic field, constantly evolving under the pressures of market demands, economic shifts, and changing regulations. As one of the most competitive markets in the world, securing financing for real estate transactions here can be daunting. Traditional bank loans, while popular,…
New York City’s Innovative Approach to Alleviate Housing Crisis: Small-Scale Solutions
In a bold move to tackle the daunting housing crisis in New York City, the local government is experimenting with a micro-solution approach. This innovative strategy involves incentivizing homeowners to convert spaces like garages and attics into rentable apartments. On Tuesday, city officials unveiled a new program that allocates up to $400,000 each to 15…
Unmasking Mortgage Fraud in New York: A Growing Concern
In recent years, New York has witnessed a disturbing increase in mortgage fraud cases, with both urban and rural areas falling victim to these insidious schemes. From the bustling streets of New York City to the serene landscapes of Buffalo, Rochester, Yonkers, and Syracuse, unsuspecting homeowners are finding themselves at the mercy of fraudulent actors…
Why Riverhead is New York’s Next Big Real Estate Hub
As real estate markets in New York’s largest cities like New York City, Buffalo, Rochester, Yonkers, and Syracuse continue to evolve, investors and homebuyers are setting their sights on emerging markets. One such market is Riverhead, NY, a town that encapsulates the potential for growth amidst New York’s famed concrete jungle. Riverhead offers a unique…
Agriculture Meets Real Estate: The Rising Demand for Farmland and Ranches in New York
New York, a state known for its bustling cities and iconic landmarks, has a lesser-known side that is steadily gaining attention – its vast stretches of fertile farmland and sprawling ranches. The real estate market in the Empire State is witnessing a rising trend of individuals and businesses looking to invest in agriculture-oriented properties. Whether…
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 been a notable 6.1% drop…