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Real Property Tax Fairness - No Margin for Delay (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.



Residential Brokers are Confident Amidst a Slow 4th Quarter (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

The Real Estate Board of New York Annual Report 2011 (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


Statement from Steven Spinola Regarding Living Wage (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


Report: 4th Quarter NYC Residential Sales Market Reflects Struggling Economy (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

 

Congratulations to The Winners of The Residential Brokerage Division's 2011 Annual Elections (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


NYC Retail Report: Traditionally Strong Retail Corridors Create Spillover, Boosting Rents in Adjoining Areas (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


REBNY Brokers Survey: NYC Residential Market Sees Strong 3rd Quarter
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


REBNY Presents Residential Real Estate's Top Honors: The 23rd Annual Deal of The Year Awards
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

 

REBNY Standardizes Condo and Co-op Purchase Application Forms to Streamline the Buying Process
10/17/11

> Read the press release

 

Report: Citywide Home Values See Gains in 3rd Quarter
10/11/11

> Read the press release

 

Member's Luncheon: New York City Real Estate, Why Everyone Wants In
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

 

Arrested Development Report
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

 

REBNY Selects Stratus RETS Server as New RLS Transmission Engine
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

 

New York's Real Estate Market A Decade After 9/11 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.

 


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.

Find us on: Find REBNY on Facebook. Follow REBNY on Twitter. Find us on LinkedIn Visit our photo stream!


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