A recent report published by PropertyShark shows the highest foreclosure activity taking place in the Eastern half of the borough.
According to Andra Rus (who authored the report), “the data exposes Brooklyn as a divided borough”, especially since the Western half of the borough saw very little foreclosure activity.
As evidence points to income inequality as the source for displacement, eviction and foreclosure, NYC could be crushed under the weight of housing a growing lower middle class population.
Without HARP and other federal legislative relief for homeowners, how will NYC keep families in their homes and sustain rising property values?
In the face of a mounting crisis, Mayor de Blasio wants to add 90 new homeless shelters to the current 275 in operation citywide.
With only 10 community districts in NYC bearing the burden of housing a growing poor and lower middle class population, the Mayor’s plan seeks to have the entire City share in the burden by opening new shelters in communities where none exist.
Without HARP and other federal legislative relief for homeowners, how will NYC keep families in their homes?
In what’s seen as the first shot fired at Zillow, Pam Liebman tells Corcoran brokers the firm will not reimburse advertising costs to Agents related to StreetEasy’s Premier Agent subscription advertisement product.
StreetEasy announced last week they were joining Zillow’s controversial Premier Agent platform.
Liebman further noted in her memorandum to Corcoran brokers, “to buy 20% of a zip code, it would cost an agent $6,000 a month”.
Compass CEO Robert Refkin said, “the industry should be aware of the increasing power aggregators hold over brokers”.
How many real estate brokerages will it take before Zillow’s StreetEasy unit starts losing money?
Kings Development Group, the real estate office at the center of a long running deed theft operation, found itself at the wrong end of the law after a 3 year investigation.
Police arrested 9 people involved in the deed theft ring and were still searching for 2 defendants who authorities fear fled the city after hearing of early dawn arrests of their associates.
Those apprehended by authorities are: Netanel “Nathan” Barnes, Michael Herskowitz, Sanford Solny and Yisroel Steinberg of Brooklyn; Nadia Khedu (aka Nadia Sankar) and Assaf Moshe (aka Joe Levi) of Queens; Jasmine Y. Fernandez-Cabrera of Manhattan and the Bronx; Yariv Katz of New Rochelle; and Nisaan Pinchasov of Cedahurst, Long Island.
Suspects who remain at large are Domingo Fernandez of Manhattan and Shandelle Solny of Brooklyn.
Will this finally push New York’s City Council to overhaul the deed recording process to safeguard property owners once and for all?
Joinery, as service designed to let renters and buyers view properties and make offers directly property owners, is growing.
The service allows owners and customers to bypass pricey real estate brokers to establish a meeting of the minds and move into contract/lease with ease.
After launching just over a year ago, the service has grown in popularity and finding a niche in NYC’s hyper-competitive real estate marketplace.
As low tech, real estate plays steal market share from real estate brokerages, what unique value proposition will give you a competitive advantage?
Each week THE STREET brings you 5 things moving New York real estate.
Which of the 5 in this edition could affect your business plan?
How prepared are you to adjust to any of these conditions in the face of evolving factors on the ground?
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