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(1/24/11)
In New York City property taxes make up 1/2 of the city's tax revenue annually. The real property tax is:
- The most complicated tax to understand
- The most inequitable in its assessment of tax liability
- A major impediment to economic growth and capital investment
Learn more in the video above.
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(1/26/12)
-- 60% of brokers report optimism for 2012 --
The results reflected a seasonably weak fourth quarter. As REBNY’s Fourth Quarter 2011 Residential Sales Report found, New York City average home prices and sales citywide declined compared to the same time last year. However, 60 percent of the brokers surveyed are optimistic for 2012 and expect next quarter’s residential market to be slightly better or much better than this quarter, a 23 percent increase compared to third quarter 2011 results.
> Read the press release
> Read the report |
(1/24/11)
The Real Estate Board of New York was successful in achieving many of the goals established in its 2011 agenda, in spite of increasing government dysfunction on the federal level and continued fiscal challenges for the State and City. Meanwhile, we continued to provide a high level of member educational opportunities and events.
> Read the report (quick download)
> High resolution version
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(1/13/11)
The Real Estate Board of New York (REBNY) is pleased that Speaker Christine Quinn recognizes that only those who directly receive benefits should be obligated to pay a City-established Living Wage in return for receiving such benefits.
> Read the full statement
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(1/11/12)
BROOKLYN AND QUEENS MAKE STEADY IMPROVEMENTS WHILE AVERAGE NYC HOME PRICES DECLINE
Despite overall value and transaction losses REBNY brokers project an optimistic 2012
The economic and financial unease over the past several months have appeared to make their impact on the NYC residential sales market in the 4th quarter of 2011, as average sales price and transactions have declined. Sales of all homes in New York City were down 12 percent from the fourth quarter of 2010 and the average price of a home decreased 6 percent from the fourth quarter
of last year. The share of Manhattan apartment sales of $5 million and over to total Manhattan apartment sales were down 18 percent
year over year.
> Read the press release
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(12/13/11)
Michael Bisordi of Tungsten Properties, Barak Dunayer of BARAK Realty, Michele Kleier of Gumley Haft Kleier, Inc., Frederick Peters of Warburg Realty Partnership, NYC, Peter Marra of Brown Harris Stevens, and Stephen P. Wald of Stephen P. Wald Real Estate Asssociates, Inc.
> Read the announcement
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(11/9/11)
As the country and the world struggle with economic uncertainty, New York City’s retail market continues to perform well in its traditionally strong retail corridors and primarily residential neighborhoods according to a new report. Increasing demand for space in areas that see a lot of tourist activity, such as Fifth Avenue between 49th to 59th streets, has created spillover into adjoining retail corridors, just south between 42nd and 49th streets, significantly boosting asking rents.
> Read the press release
> Read the reoprt
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10/23/11
Three Quarters of Brokers Report Optimism for 4th Quarter
28% of Buyers Cite Laundry as Essential Amenity
The brokers are optimistic about the residential market. 74 percent believe next quarter will be the same or better than this quarter.
> Read the press release
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10/19/11
Sharon Baum of The Corcoran Group receives Henry Forster Award for lifetime achievement
Norman Horowitz of Halstead Property receives top sales prize
Overlooking a gorgeous view of the Hudson River at night, New York City’s leading residential brokers celebrated a challenging year of skillfully transacted deals while also raising money for charity at The Real Estate Board of New York’s 23rd Annual Residential Deal of the Year Awards and Charity Gala. The event was ”Live from the Waterfront” and held on Tuesday, October 18 at Pier Sixty at Chelsea Piers.
> Read the press release
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| 10/17/11
> Read the press release
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| 10/11/11
> Read the press release
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| 10/10/11 SPONSORED BY: Glenwood and Newmark Knight Frank
Join us for a lively discussion with New York's top real estate executives and deal makers as they share their insights into the current NYC real estate market and what opportunities it holds for the future.
> Learn more
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9/15/11
REBNY Contributed to this report by Borough President Scott Stringer’s Office on recommendations for stalled construction sites around the 5 boroughs. The report discusses how to activate them while they are idle, and how to ensure an efficient transition back to construction and reuse.
> Read the report
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| 9/9/11
Improved engine complies with industry standards, opens door to host of new products and services, as well as the latest marketing tools and technology
In an effort to upgrade the REBNY Listing Service's (RLS) real estate listings transmission system—the engine that drives the RLS—the Real Estate Board of New York (REBNY) has selected Stratus Data Systems' (Stratus) RETS server as its new data transmission system. The new listings transmission system complies with the nationally-recognized Real Estate Transaction Standard (RETS), and will provide firms participating in the RLS with a powerful tool to improve their day-to-day business operations.
> Read the press release
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| 8/29/11
REBNY has compiled data that chronicles the strides of NYC's real estate market in the last decade. Stimulated by government incentive programs, including grants for businesses and rent stipends for residents near ground zero, New York City has recovered and continues to thrive.
REBNY has compiled data that chronicles the strides of NYC’s real estate market in the last decade. Stimulated by government incentive programs, including grants for businesses and rent stipends for residents near ground zero, New York City has recovered and continues to thrive.
> Read the report.
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What is the Real Estate Board of New York
The Real Estate Board of New York (REBNY) was created in 1896 as the
first real estate trade association in the state. Real Estate
Board members are New York City’s most talented, energetic
and influential real estate professionals. REBNY works on behalf of
its members to promote public and industry policies and frequently
speaks before government bodies to, among other things, expand
New York’s economy, encourage the development and renovation
of commercial and residential real property, enhance the city’s
appeal to investors and residents and facilitate property management.
In addition, the Board conducts various real estate professional
education programs including state-certified required courses
for licensing,
real estate continuing education courses and free New York City real estate seminars to help members
hone their professional skills. REBNY also undertakes a wide
variety of research projects studying the current residential
and commercial conditions within the city and maintains the
largest collection of real-estate related information of any
city trade association in its Seymour B. Durst library, located
at REBNY’s office in mid-town.
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