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Rents Reach All-Time Highs in Manhattan, Brooklyn and Queens in New StreetEasy Report
DUMBO Brooklyn courtesy StreetEasy StreetEasy has published their October 2019 Market Reports recently. It shows that Rents have hit an all-time highs in Manhattan and Queens and Queens. Brooklyn has seen rents rise in its fastest pace since 2015. Furthermore the...
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-Home 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...
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