Tag archives for New York City

New York City Rental Market Great for Landlords

All over the country real estate investors are getting into rental property, and nowhere does this move make more sense than in New York City. Traditionally the home of the extremely expensive, highly exclusive rental property, New York City and Manhattan in particular are staying true to tradition with the lowest apartment vacancy rates in the nation. A miniscule 2.8 Read full article »

Analysts Predict Further Drops in Home Prices in 2011

With bank-owned properties driving down housing prices and unemployment remaining high, Clear Capital analysts predict that home sale prices in the U.S. may fall another 2.4 percent in the coming six months. They credit the “limp” sales to low consumer confidence and a high volume of distressed properties. However, there are five metro areas for which Clear Capital has slightly brighter Read full article »

New York Contractors Threaten to Abandon Labor Unions

More than 100 years ago, New York contractors agreed to only use union labor on job sites. Now, they’ve had enough. If building trade contract talks in New York City do not yield fruit by a June 30 deadline, NYC contractors have revealed via a letter to the Building and Construction Trades Council that they will “terminate the New York Read full article »

Bank-Owned Backlog Still Building

At present, banks and lenders own more than 872,000 homes in the United States today. And that number, twice the number of REOs in 2007 and set to grow by around 1 million in the years ahead as current foreclosures move forward, is starting to make a lot of real estate professionals pretty nervous. Although home sales volumes are up, Read full article »

Race in Lending: Advocacy Groups Allege Mortgage Reform will Make Minority Access to Conventional Financing More Difficult

According to a report sponsored by a multistate coalition of minority advocate groups, “communities of color” are likely to be more negatively impacted than their white counterpart communities by changes in refinance lending. The Woodstock Institute released information on the report, titled “Paying More for the American Dream V: The Persistence and Evolution of the Dual Mortgage Market,” early this Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.