October 21, 2020
8 tips for first-time landlords in New York City
if you are new to being a landlord, your checklist should include getting up to speed on the impact of the 2019 changes to the rent laws...
If you are new to being a landlord it’s worth going to extra lengths to find a financially qualified tenant.
October 20, 2020
One sixth of NYC landlords on brink of default
16.41% of residential tenants paid no rent by the middle of October. This is an improvement from last month, 19.43% residential tenants paid no rent.
Without help from the government, more than 15 percent percent of landlords say they do not think they’ll be able […]
September 24, 2020
Commercial Property Crisis Signals Hazards for Local Banks
Retail & apartment vacancies rising & rents falling, & employers cutting...
Before the pandemic emptied the city, few lenders benefited from the heady local real estate market…
September 18, 2020
What low interest rates through 2023 means for real estate
Fed plans to keep interest rates low for the next few years, and will continue buying mortgage-backed securities
Fed signaled that short-term interest rate will remain at 0 to 0.25 percent, and projections are, rates will remain near […]
September 13, 2020
Mortgage rates notch new low
The average rate for a 30-year fixed-rate mortgage dropped .07 percentage points for the week ending Sept. 10
The rates for a 30-year fixed-rate mortgage dropped 7 percentage points for the week ending September 10, reaching 2.86 percent.