Elegran Edge
The Real Estate Blog

What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.

Articles about "REBNY"

  • New Bill Would Bolster International Investment In NYC By Serena Horrigan | May 08, 2015

    International investment in New York City real estate could surge if amendments are made to a current federal law.

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  • Paper Brokerages: Friend or Foe? By Stephanie Fujihashi | April 21, 2014

    There is a new trend that has been emerging in the world of New York real estate for some time: “Paper Brokerages.” Paper brokerages are companies owned by entities that join the nation’s multiple listing services (MLS) in order to access and display MLS listing data online. However, unlike traditional online brokers, they do not provide brokerage services to consumers. Some call such services innovative, while others insist that they could pose a threat to the existing status quo of online brokerage services.

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  • Update: Mayor de Blasio Names Real Estate Related Cabinet Members By Kamini Ramdeen | March 21, 2014

    One message that has been on the mind of developers in NYC regarding Mayor de Blasio is the issue of affordable housing. De Blasio during his campaign had announced his support and his plan of creating over 200,000 units of affordable housing. This could be thought of as a rather lofty goal considering that under Bloomberg only 5,000 affordable units were created, and that was over a span of three-terms.

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  • Building Up the Market: More Permits Than Last Year By Jonathan Tuason | March 06, 2014

    Building permits for new residential units have increased over the past year - this is true for all the city's boroughs.  More specifically, according to REBNY, 2013 show a 70.7% increase from 2012's numbers.  This is of particular note, since a significant drop in the number of such permits occurred amidst the economic doldrums of 2009, from which the 2013 numbers show a 204% bump.

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  • No Sweat: Mayor de Blasio's Meeting with REBNY By Jonathan Tuason | February 27, 2014

    New York City Mayor Bill de Blasio recently met with members of the Real Estate Board of New York in a closed meeting late last week.

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  • Counting Down the Top NYC Real Estate Tycoons (Part I) By Stephanie Fujihashi | February 24, 2014

    While many major American cities are still recovering from the housing market crash of 2008, the New York City real estate market is currently enjoying high levels of success and stability. According to the Real Estate Board of New York (REBNY)’s recently published Fourth Quarter NYC Residential Sales Report, the number of homes sold in the fourth quarter of 2013 saw a 31% increase from the same timespan in 2012.

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  • REBNY Members Predict Real Estate Trends of 2014 By Bryan Gamble | December 06, 2013

    A REBNY luncheon at the Roosevelt Hotel in East Midtown normally isn’t very newsworthy (unless you like those kinds of things) but when 2014 is right around the corner and many are hesitant about the recovering real estate market, people pay attention.

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  • New Ruling Forces Title Revisions for NYC’s Realtors By Bryan Gamble | September 05, 2013

    A new ruling by the New York Department of State has emerged in the city’s recovering real estate market and created a stir among realty brokers and some confusion among customers. Many realtors in New York City must now alter their titles or else face fines up to $1,000 per violation or even a revocation of their licenses if they use corporate titles without having any actual corporate duties such as owning stock.

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  • New York City Sees Most Home Sales Since 2008 By Aby Thomas | January 25, 2013

    If the string of impressive home sales made last year in New York City wasn’t enough to convince you that the city’s real estate sector is back on track, this new report by the Real Estate Board of New York certainly will! According to the latest report from REBNY, 2012 marked the strongest year New York has seen in residential sales since the beginning of the financial crisis in 2008, with the total amount of sales in the year coming up to a whopping $30.3 billion. 

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  • Brokers Unsure if REBNY Membership is Worth their While By Daniel Muhlenberg | December 08, 2011

    The main constituency of the most powerful real estate organization in New York City is unhappy. Many residential brokers are reconsidering their membership in the Real Estate Board of New York (REBNY) after REBNY increased dues for the first time in 4 years despite the fact that it is in very good financial standing. In and of itself, this increase isn't that big of a deal - yearly dues for residential brokers cost $425 - but it has tapped into a preexisting undercurrent of discontent with the way REBNY is run. Out of REBNY’s 12,000 members, 78% are residential brokers, and out of the $6 million collected in in dues last year, brokers paid $2.5 million. Despite making up such a large part of the organization, many brokers claim that REBNY favors large owners, developers, bigger brokerages, and commercial firms, and that consequently they do very little for individual brokers. In short, they contend that those who contribute the most benefit the least.

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