Roger Levy's (rogerlevy) Blog

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Real Estate Broker/Owner - Townhouse Real Estate, Inc.
RECENT BLOG POSTS
On October 23, 2007, the New York Times reported that Representative Barney Frank (D-MA) has introduced new legislation in Congress that could drastically increase borrowers' ability to challenge mortgages in foreclosure. The proposed law would give borrowers new defenses against any lender that ...
10/30/2007
A recent article on Co-Star's web site argues that the real estate brokerage community is partially to blame for the current sub-prime loan debacle. Realtors, the theory goes, pushed unqualified buyers to buy homes they could not afford.  These brokers and agents, who knew, or should have known, ...
10/24/2007
A recent article on Co-Star's web site argues that the real estate brokerage community is partially to blame for the current sub-prime loan debacle. Realtors, the theory goes, pushed unqualified buyers to buy homes they could not afford.  These brokers and agents, who knew, or should have known, ...
10/24/2007
Crain's New York Business has reported that the prices of single-family homes in the New York metropolitan area fell 4% in the year endng July 2007.All I can say is, I hope that two, three and four-family houses follow suit, and soon. The same goes for condos and co-ops. Sellers throughout the ci...
09/25/2007
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A Call to ActionHere's a real gem from our fearless leaders in Albany: Assembly bill number A20754, introduced in January, would make rent regulation apply to three-family dwellings and up. As of now, rent stabilization does not kick in unless you have a six-family or bigger building.The bill has...
07/17/2007
What the big players are doing nowFor several months now I have been advising real estate clients not to pin their hopes on flipping, condo conversion or other buy-and-sell methods of profiting from a hoped-for capital gain. I have been suggesting, instead, that investors consider acquiring prope...
06/28/2007
Co-op boards, like everyone else, are required to obey all the various anti-discrimination laws on the Federal, State and local books. A recent case in Manhattan Supreme Court is a good example of what can happen when boards aren't careful. (An article on the case appeared in today's New York Law...
06/20/2007
A friend of mine, Monica Villard, associate broker at NauCorp Properties, Inc. in Brooklyn, forwarded me a copy of an article that appeared in Sunday's Daily News. The article is The Neighborhood Killers: Homeowners Rip Overdevelopment and Lack of City Help. The link to the full article is http:/...
06/18/2007
Housing Court in New York City (a part of the NYC Civil Court) has a reputation of not being a very sympathetic place for landlords.  It's safe to say that if you are a landlord in that arena, and you have not followed the myriad rules and regulations concerning substance and procedure with perfe...
05/16/2007
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Citing an appraisal firm's new study, an article in Crain's reports that Brooklyn residential real estate was pretty robust in the first quarter of the year.The average sales price for Brooklyn homes is said to have increased 9% to $757,000 during the first three months of the year. This is based...
04/30/2007
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