Manhattan’s Real Estate Market Shifts Toward Buyers
Manhattan’s real estate market is seeing a major shift. Prices for apartments are dropping, and the number of unsold units is rising. This trend is making Manhattan more of a buyer’s market, giving people looking to purchase homes more power in negotiations. Here’s a deeper look into what’s happening. Apartment Prices Drop in Manhattan’s Real…
How 9/11 Forever Changed NYC’s Real Estate: The Twin Towers’ Legacy
The tragic events of September 11, 2001, left an indelible mark on the world. The fall of the Twin Towers not only reshaped the New York City skyline but also symbolized a turning point in history. Over two decades later, we continue to remember the victims, the heroes, and the iconic towers that once stood…
10 Most Cost-effective Living Options in Westchester County, NY
Looking for an affordable city to move into in Westchester County? To compile this list, we thoroughly reviewed our recent Best Places to Live issue, annual public school rankings, and additional evaluations from Niche.com. We considered various factors, including median area income, home sale/rental prices, crime rates, teachers, and walkability. Whether you’re downsizing for budgetary…
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 the United States. This bustling…
Prosecutors Face New Challenge as Squatters Forge Documents to Claim Tenancy
Prosecutors have uncovered a new twist on a long-standing issue: squatters trespassing in homes and claiming to be tenants. This problem, investigated by news outlets for months, has now evolved. While a recent New York state law clarifies that squatters are not tenants, some people are now forging documents to falsely claim legal rights to…
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…
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…
The Real Cost of Living: Unpacking New York City’s Rental Price Surge
New York City’s rental market is notoriously competitive, characterized by high prices and additional fees that can make finding an apartment a daunting task. As renters navigate this landscape, they face a series of challenges unique to NYC’s boroughs and its largest cities, including Buffalo, Rochester, Yonkers, and Syracuse. This article explores these hurdles, providing…
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…
The Decline of Housing Inventory in Brooklyn: A 13-Month Trend Analysis
BROOKLYN, NYC – In the vibrant heart of New York City, Brooklyn’s real estate scene has emerged as the epitome of competitiveness within the city’s bustling market. A recent analysis by a well-known real estate platform highlights Brooklyn’s unparalleled position in the NYC market as of June 2023. This borough’s real estate dynamics are characterized…
How to Break Into Property Management in NYC: A Beginner’s Guide
New York, a bustling hub of real estate, presents a unique landscape for property management. From the towering condos of Manhattan to the quaint apartments in Brooklyn, the journey into managing properties in this diverse state is as challenging as it is rewarding. This guide aims to demystify property management for beginners, covering the essentials…