Encore: Politics and New York City Real Estate

Co-op rules need to change. This has been the mantra of the NYC real estate industry for many years. Things like fair housing practices and time of board approval are becoming increasingly more of a concern. Can this city get there with new laws surrounding these “private” corporations? And while putting together your board package, you start to get curious and a bit worried. Co-op boards require so much personal information about your lives, your finances, and on everything. Also at this Hour: Buyers are moving more slowly. Negotiations are taking a lot longer. Contracts are taking longer to get signed. Constant follow up and communication is key with sellers, buyers, co-brokers and also with the attorneys, and the bank. We will get into all of this.

Your real estate marketing social media strategy can make or break your business in 2020. With an overcrowded marketplace and industry, it is crucial to put your mind to the task and show what makes your business unique. Yet throwing a few social media ideas at the wall and seeing what sticks simply isn’t going to cut it. A solid, well-rounded real estate social media strategy needs to be intentional and rooted in the fundamentals of a sound business. It requires a proven system that puts your clients first and keeps your business front and center. We are going to talk to Ali Rubenstein, Social Media Director at Halstead and find out the keys to a successful campaign. Also at this Hour: In case you’ve been living under a rock, what has the industry reeling since last week is the state’s interpretation of certain language in last year’s rent law. Specifically, that under the law, landlord’s must foot the commission bill for any rental brokers they use. Though owners of high-

Co-op rules need to change. This has been the mantra of the NYC real estate industry for many years. Things like fair housing practices and time of board approval are becoming increasingly more of a concern. Can this city get there with new laws surrounding these “private” corporations? And while putting together your board package, you start to get curious and a bit worried. Co-op boards require so much personal information about your lives, your finances, and on everything. Also at this Hour: Buyers are moving more slowly. Negotiations are taking a lot longer. Contracts are taking longer to get signed. Constant follow up and communication is key with sellers, buyers, co-brokers and also with the attorneys, and the bank. We will get into all of this.

The real estate market throughout the years has benefited many people, from buyers to sellers to investors. But even with relatively low-interest rates and reduced selling prices today, there is still a big gap between the number of people that want to own a home and those that are able to make that purchase. Getting a mortgage is inevitable. Unfortunately, standard mortgages are not always accessible for many people, especially first-time buyers. But there are programs out there. We will talk to a banking expert this morning. Also at this Hour: The millennial generation and their consumption habits are largely blamed for fundamental changes in several industries like retail and the housing market. But according to CNBC there seems to be new interest in buying value and 2020 could be the year of change for Millennials buying homes. And what are the succession rights in rent stabilized and rent controlled apartments?

On our show today: In New York City, the global epicenter of the coronavirus pandemic, homeowners are not putting their homes on the market so fast: new sales inventory has hit a significant low during the months of lockdown as validated by several real estate platforms. However, the New York City rental market is showing early signs of a turnaround from the sharp declines it experienced in mid-March, when public health protocols around COVID-19 took effect. This NYC rental market rebound is still beginning, but should bring some encouragement to renters, landlords, and rental agents. Also today: How Millennial’s have shifted their buying strategy. Is it in response to the COVID-19 pandemic? We will discuss.

On our show today: When most people consider buying residential property in New York City, their first question is whether they should purchase a unit in a co-operative (co-op) or condominium (condo). However, many purchasers are more interested in owning one of the many historic townhouses that can still be found throughout the City. But townhouses are relatively rare in New York City, making up less than 2% of annual residential transactions. As a result, many prospective buyers are unfamiliar with the unique considerations that apply to buying and owning one. But with a new normal in New York City coming up have they become much more desirable? We will discuss.

On our show today: In New York City, the global epicenter of the coronavirus pandemic, homeowners are not putting their homes on the market so fast: new sales inventory has hit a significant low during the months of lockdown as validated by several real estate platforms. However, the New York City rental market is showing early signs of a turnaround from the sharp declines it experienced in mid-March, when public health protocols around COVID-19 took effect. This NYC rental market rebound is still beginning, but should bring some encouragement to renters, landlords, and rental agents. Also today: How Millennial’s have shifted their buying strategy. Is it in response to the COVID-19 pandemic? We will discuss.

On our show today: Living a green lifestyle is about truly embracing sustainability and making real differences for the planet and people. Today, everyone wants to do his or her bit for the environment. However, knowing how to go about it is the key and it is hard. The real estate markets interest in green real estate, on new and existing buildings, is on the rise and there is no end in sight. Homeowners are seeking healthy, green real estate more than ever, and sourcing real estate agents that are certified in Green Homes. We will talk about restaurants, businesses, and real estate construction and brokerage firms all keeping green in mind.

On our show today: When most people consider buying residential property in New York City, their first question is whether they should purchase a unit in a co-operative (co-op) or condominium (condo). However, many purchasers are more interested in owning one of the many historic townhouses that can still be found throughout the City. But townhouses are relatively rare in New York City, making up less than 2% of annual residential transactions. As a result, many prospective buyers are unfamiliar with the unique considerations that apply to buying and owning one. But with a new normal in New York City coming up have they become much more desirable? We will discuss.