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Hudson Yards Becomes Most Expensive Neighborhood in New York City
Old Howard Beach, NY Property Shark has recently released their market study of the top 50 neighborhoods in New York City for the third quarter of 2019. Their study indicates that Hudson Yards has surpassed Tribeca as the most expensive neighborhood in the City with...
US Housing Starts Fall from 12 year highs from previous Month
Housing starts decrease in September 2019 in US Nationwide home building slid in September 9.4% after seeing a 12 year high in August. The revised figures shows a seasonally adjusted amount of 1.256 units as the numbers have been revised due to deteriorating...
Total Number of NYC Investment Sales Down But Monetary Value Ticks Higher According to Report
The Real Estate Board of New York (REBNY) released their Investment Sales Report for the first half of 2019. The report indicates that there were 1,750 total transactions for the period with a monetary value of $22.4 billion. The total number of transaction were down...
Pending Home Sales Rebounds in August After sluggish July report
The National Association of Realtors (NAR) is reporting that pending home sales rebounded in August by 1.6% after a sluggish July. The Pending Home Sales Index (PHSI), which NAR says is a forward-looking indicator based on contract signings, increased to 107.3 in...
City Amends Definition Of Commercial Harassment; Increases Fines
The New York City Council just recently passed a bill 39-5 that will increase fines to as much as $50,000 and broadens the terms of what is deemed harassment. The bill sponsored by Bronx Democrat Vanessa Gibson was also endorsed by the Real Estate Board of New York...
Landlord Ordered to Pay Fine for ICE Related Threats in NYC
A NYC landlord has been ordered to pay a fine of $17,000 in damages to a tenant for making threats that were considered discriminatory. The case, the first of its kind related to housing revolves around a landlord threatening to call Immigration and Customs...
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