Rich Tyson remembers vividly the conversations that sparked his desire to buy rental property in the city of Rochester. He had been speaking with Tommy Davis, then the chaplain at the Monroe County Jail, about the legal system and what ...
Read More »U.S. Supreme Court allows evictions to resume during pandemic
WASHINGTON (AP) — The Supreme Court’s conservative majority is allowing evictions to resume across the United States, blocking the Biden administration from enforcing a temporary ban that was put in place because of the coronavirus pandemic. The court’s action ends ...
Read More »Affordable housing likely to become a more attractive investment
Proposed legislation, a late-2020 law change and a possible bump in the corporate tax rate all should turn out to be beneficial for the affordable housing industry as objectives of the Biden administration play out. When the federal corporate tax rate ...
Read More »Former Hart’s will be new home for RDG+Partners
Construction is underway to turn the former Hart's Local Grocers building on Rochester's East End into the new headquarters for RDG+Partners.
Read More »Home Leasing to bring affordable housing to Hickey Freeman building
The Hickey Freeman building in Rochester will be undergoing a $70 million transformation, with two-thirds of it turned into affordable senior housing.
Read More »Reader Rankings: Real Estate
Learn the top winners in the Real Estate categories for The Daily Record's Reader Rankings awards!
Read More »Creative bidding, work-from-home space now housing market norms
Which space could become the home office, can more cash be accessed if the bidding takes off and are you willing to accommodate post-sale needs of the seller have become common topics of discussions between homebuyer and Realtor as the ...
Read More »Bidders beware: You’ll need more cash if home appraisal doesn’t match sale price
Finding the right house is hard enough in today’s real estate world, where inventory remains at historically low levels. Factor bidding wars into the equation and homebuying becomes even more arduous. But the current market also may create a different ...
Read More »Unpaid rent a major problem that needs more solutions
As the COVID-19 pandemic grew worse last year and employers were forced to reduce their workforce, impacted workers found it difficult to pay rent. To ensure no one would lose their home during the crisis, federal and state eviction moratoriums ...
Read More »When it comes to commercial real estate lending, banks are open for business
The coronavirus pandemic has devastated the hospitality industry and exacerbated on some fronts the continuing decline of brick-and-mortar retail, but lenders still have their checkbooks open when it comes to commercial real estate investment. You may not want to propose ...
Read More »Eviction, foreclosure protection extended until May 1
Tenants financially burdened by the coronavirus pandemic will not face eviction proceedings until at least May 1, thanks the latest legislative action in New York. The COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 prevents residential evictions, foreclosure proceedings, ...
Read More »Commercial real estate industry fearful of Biden tax plan
The tax plan proposed by President-elect Joe Biden could have a major negative impact on the commercial real estate industry. Biden’s proposal includes the elimination of like-kind exchanges, commonly referred to as a 1031 exchange, and would apply to real ...
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