Commercial News

Top Five NYC Real Estate Projects Proposed for 2017 Development

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January 13, 2017
Photo Credit: Damian Brandon / FreeDigitalPhotos.net

Tweet The Real Deal recently compiled a list of the largest construction projects planned for New York City in 2017 based on rankings filed with the Department of Buildings last year.  Two massive Hudson Yards towers topped the list.  The first is 50 Hudson Yards, a 2.9 million-square-foot, 62 story office tower designed by Norman...
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Construction Starts Still Strong although NYC Needs More Mixed-Use Developments

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March 25, 2016
Photo courtesy of AdamR at FreeDigitalPhotos.net

Tweet NYC construction starts more than doubled in value in just two years according to new numbers from the New York Building Congress released on March 9th.  Last year, the total dollar value of construction projects initiated in NYC was $40.9B, which is 53% higher than 2014.  In 2013, the total value of construction starts were $19.9B.  Last...
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Is It Time to Cash in on Your Home’s Equity?

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December 4, 2015
Image courtesy of ponsulak at FreeDigitalPhotos.net.

Tweet Since rising home prices have increased equity levels, now might be the right time to cash in on your home’s equity. According to a recent New York Times article, the sales volume of single-family home and condominiums reached the highest level during the first three quarters of this year when compared to the...
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Consumer Demand Grows to View Closing Documents in Advance

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November 13, 2015
Image courtesy of Ambro at FreeDigitalPhotos.net.

Tweet A new survey of nearly 1,100 participants conducted by the Houston Association of Realtors reveals homebuyers are disappointed with the level of communication regarding progress during the current home purchase closing process.  “The survey offers some very telling measures and provides guidance for the title industry on what is important to the consumer,” said...
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New TRID Rules Should Improve Loan Processing and Closings

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October 30, 2015
Image courtesy of Ambro at FreeDigitalPhotos.net.

Tweet What is the TILA-RESPA Integrated Disclosure Rule (TRID)? The goal of TRID is to make mortgages more transparent and easier to understand for consumers.  Both homebuyers and real estate agents are affected by the changes that were implemented on Oct. 1st which include different forms, timelines and modified processes. What are the new...
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NYSLTA 2015 Convention and Annual Meeting

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August 21, 2015
NYSLTA Logo

Tweet The New York State Land Title Association (NYSLTA) Convention and Annual Meeting was held Sunday, August 16th through Wednesday, August 19th, 2015 at the Skytop Lodge in Northeastern Pennsylvania.  The Convention is a forum where agents and underwriters discuss the challenges and issues affecting their industry.  The NYSLTA is a statewide professional organization representing hundreds...
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Loan Applications Surge 23%

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August 14, 2015
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Tweet We recently revealed ‘Four Reasons Why Now Is an Ideal Time to Buy a Home.’  Current interest rates, which are still relatively low, coupled with a looming rate hike are two strong reasons to act fast.  RealtyTrac recently released a second quarter report announcing that loan applications have grown significantly, underscoring that now...
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Five BIG Real Estate Developments to Hit the Big Apple

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April 29, 2015
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Tweet 2014 was historic for New York City real estate given record pricing, new building heights breaking records, the unveiling of 1 World Trade Center and continued foreign capital investment from countries such as China, Japan and Russia.  This pace continues in 2015, primarily from Midtown to Astoria, as the ground has been broken...
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New York Budget = Big Change for Title Insurance Agents?

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March 26, 2014
New York Budget = Big Change for Title Insurance Agents?

Tweet The proposed New York 2014-15 state budget currently proposes a number of changes that may shake up the title insurance industry statewide.  Mostly, this comes in the form of regulation to title insurance agents, as the state budget proposes a requirement that all title insurance agents to be licensed.  This would be a...
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Do You Know About the Special New York State Additional Mortgage Recording Tax Credit?

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December 4, 2013
Do You Know About the Special New York State Additional Mortgage Recording Tax Credit?

Tweet In New York, there is something known as a Special Additional Mortgage Recording Tax Credit.  This tax credit is available if, in tax year beginning on or after January 1, 2004, you or your business paid the special additional mortgage recording tax to record a mortgage on a real property in New York...
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