Tag archives for New York Real Estate

HUD, Justice Department Bring Pressure to Contrary Attorneys General

If you live in New York, Nevada, Massachusetts or Delaware, then you can rest assured that your attorney general is pretty steamed about the robo-signer crisis. So steamed, in fact, that they are doing everything possible to prevent the current proposed settlement with the nation’s biggest lenders from happening. A lot of people support this reluctance to cave in and, Read full article »

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 »

High Prices in Paris Stall Housing Market

Housing prices in Paris have steadily risen for the past two years, outstripping both London and New York. And after two years, buyers are getting a little nervous, resulting in a market “stall” as the time it takes to sell a property stretches out to nearly double what it was a year ago. Calling the flow of money over the Read full article »

Major Mall Developer Eying New Type of Retail Property

General Growth Properties Inc. is the owner of some of the “highest income-generating malls in the United States”. Now, its CEO is eying street-level urban retail, saying that he aspires to add this new facet to the company's real estate holding at a forum in New York last week. The company, which owns 125 of the country’s top 600 mall Read full article »

Real Estate Scam of the Day: Attorney Who Closed Straw Buyers to Spend 5 Years in Jail, Pay more than $4 Million in Restitution

Cheddi Goberdhan acted as a closing attorney for straw buyers who ultimately walked away from overpriced mortgaged. Now he’ll be spending five years in jail, losing his law license and paying $4.7 million in restitution. The scheme was complicated, sometimes involving multiple straw buyer transactions designed to drive up the value of the home so that a larger mortgage could 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.