NY Daily Record Since 1908
Deteriorating housing affordability nationwide will put a damper on home buying next year, according to a report from Zillow. Rising rents won’t let up and will continue to set new records, Zillow predicts, as 2016 will bring the least affordable ...
Read More »Average rate on 30-year mortgages slips to 3.93 percent
WASHINGTON — Average long-term U.S. mortgage rates edged lower this week for a third straight week. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage slipped to 3.93 percent from 3.95 percent a week earlier. ...
Read More »Suit: Landlords pushing out seniors, disabled
— Inspired by his own experience living in a New York City apartment building that was converted into high-priced condos, a 71-year-old former state regulator is taking on developers citywide on behalf of seniors and disabled tenants. Walter Goldsmith claims ...
Read More »Union job goes to Manning Squires Hennig
Rochester Carpenters Local 276 is undergoing a major renovation, which will result in major improvements to its 22,500-square-foot training center in Rochester. To handle the $2,030,000 project, the union has selected commercial contractor Manning Squires Hennig as its general contractor. ...
Tagged with: Manning Squires Hennig Rochester Carpenters Local 276
Read More »Lot Lines: Inside the minds of apartment renters
One of the keys to success in the apartment market is to understand the minds of renters. They are the lifeblood of an apartment complex, and as a result, communities must cater to their needs and desires to retain them ...
Tagged with: Darren Currin Lot Lines
Read More »Home values point to sharp wealth divide within US cities
It’s still possible in Boston for a mail carrier, an accountant and a Harvard-trained psychiatrist — basically, the crowd from “Cheers” — to live as neighbors. That finding by the real estate brokerage Redfin makes the capital of Massachusetts a ...
Read More »New-home sales rebound in October
WASHINGTON — Sales of new homes recovered in October after suffering a steep drop in September, returning to this year’s trend of an improving market for real estate developers and builders. The Commerce Department said Wednesday that new-home sales climbed ...
Tagged with: new home sales
Read More »5 neighborhoods to pay for extra security
BATON ROUGE, La. — Residents in five East Baton Rouge Parish neighborhoods voted this month to tax themselves to pay for additional police protection. The Baton Rouge Advocate reported the Nov. 21 vote on the fee, which will cost property owners $50 ...
Tagged with: neighborhoods security
Read More »Lot Lines: Every property has a story
It‘s been said that every person has a story; however, stories are not just limited to people, as every property also has a story. It’s fascinating to examine the various types of property marketing packages brokerage companies produce. All packages ...
Tagged with: Real Estate
Read More »Home construction slumps on fewer apartment buildings
Apartment construction plunged sharply in October, as the pace of homebuilding slipped amid a broader cooling of the real estate market. Housing starts — both houses and apartments— fell last month 11 percent to a seasonally adjusted annual rate of ...
Read More »Home rental prices rise at slower pace in October
U.S. home rental prices rose at a slower pace in October, a possible sign that apartment costs are testing the upper reaches of renters’ incomes. Real estate data firm Zillow said Friday that median rents increased a seasonally adjusted 4.5 ...
Read More »Potential for crowdfunding in commercial real estate
Crowdfunding may soon expand its presence as a commercial real estate financing source thanks to the U.S. Securities and Exchange Commission. Recently, the SEC adopted final rules implementing Title III of the JOBS (Jumpstart Our Business) Act. Title III allows ...
Tagged with: Commercial Real Estate
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