Brooklyn Real Estate News
Real Estate news for Brooklyn, NY continually updated from thousands of sources.
Friday Feb 27 | via The Brooklyn Daily Eagle
In an effort to assist struggling homeowners in his district, Councilmember David Greenfield is working with Brooklyn Housing and Family Services to provide free one-on-one mortgage counseling. Greenfield is providing space in his district office at 4424 16th Ave. where homeowners who are in danger of losing their homes or have encountered changes in their financial circumstances can meet privately with an attorney. Comment?
Friday Feb 27 | via SILive.com
Baby Boomers, who purchased their first homes on Staten Island for around $50,000 in the 1970s, and then upgraded for about $150,000 in the 1980s and 1990s, have fueled the housing market for the last several decades. Now, as Boomers nationwide retire in droves, they are seeking to realize significant profits by putting those larger homes on the market, and then downsizing. Comment?
Wednesday Feb 25 | via The Brooklyn Paper
Stark quarters: The Williamsburg apartment building where landlord Aron Stark collected public housing money meant for the poor for 12 years, six of those as a landlord, according to court filings. The brother of a murdered Williamsburg landlord may have grown fat off government money meant for those who cannot afford Brooklyn's skyrocketing rents, and the proof may have surfaced while he was trying to evict a low-rent tenant in white-hot Bushwick. Comment?
Monday Feb 23 | via Wall Street Journal
A Brooklyn nonprofit group with roots stretching back to the 19th century is cashing in on the borough's hot real-estate market by cutting a deal with a developer to convert its headquarters to new office space and apartments. Comment?
Friday Feb 20 | via WNYC-AM New York
Before Yvette Chaplin moved from Canarsie to Flatlands she never heard of the neighborhood. She and her husband bought their first home in 2012-a one-story brick house. Comment?
4 hrs ago | via SNL Financial
Loan demand increased in 11 of the Federal Reserve's 12 districts from early January through mid-February, with Kansas City the exception, where demand was mixed, the Fed noted in its Beige Book report March 4. The Atlanta and New York districts reported "strong" increases in overall loan demand. " over that time period, but bankers in the districts of Richmond and St. Louis reported relaxed standards and Philadelphia, Richmond and San Francisco observed that "competition is lowering lending standards more generally," the report stated. Comment?
8 hrs ago | via Silicon Alley Insider
The Federal Reserve's latest Beige Book is out and shows that the economy continues to expand at a moderate pace. The Beige Book is a collection of anecdotal observations from each of the Federal Reserve's 12 business districts regarding the current economic outlook in their region. Comment?
Jan 8, 2015 | via American Reporter
American politics isn't kind to the losers. And as far as the conventional political wisdom goes, Mario Cuomo was a loser. Comment?
Tuesday | via Huntington News
CoreLogicA , an Irvine, CA-based global property information, analytics and data-enabled services provider, on Tuesday, March 3, 2015 released its January 2015 CoreLogic Home Price Index which shows that home prices nationwide, including distressed sales, increased 5.7 percent in January 2015 compared to January 2014. This change represents 35 months of consecutive year-over-year increases in home prices nationally. Comment?
Tuesday | via Albany Times Union
Capitol Confidential gathers the best coverage of New York politics and puts it all together. Each section - Capitol, The State Worker, New York on the Potomac, and Voices - represents a unique facet of the political scene. Comment?
32 min ago | via WILX-TV Lansing
Some people in East Lansing have gotten mailers recently offering them the chance to make a few thousand by renting their house for home football game weekends. The city is suggesting they ignore the offer. Comment?
28 min ago | via The Straits Times
China surpassed Japan as the world's No. 2 economy by gross domestic product in 2010 after three decades of rapid growth, fuelled by the largest urbanization in history. Comment?
34 min ago | via The Almanac
The Realtors Association of Metropolitan Pittsburgh, an industry advocacy group that counts the majority of residential real agents as its members, is funding a website opposing Mt. Lebanon's controversial “newcomer tax.” The website, www.endthenewcomertax.com , went live March 3, and will remain up indefinitely, said John Petrack, RAMP's executive vice president. Comment?
36 min ago | via NBR Newsroom
The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. A consultation paper issued today seeks submissions on proposals to impose new capital adequacy requirements on lending to property investors, who it says carry a higher risk than traditional owner-occupier mortgage-holders. Comment?
52 min ago | via Sydney Morning Herald
Last week's analysis of the treatment of non-homeowners revealed just how little attention successive governments have to the changing circumstances of retirees. In a period of rising house prices and rents, leaving the maximum level of rental assistance at $120 a fortnight or $3120 a year and setting the additional asset test exemption for non-homeowners at only $146,500 has disadvantaged many retirees. Comment?
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