For single-family homes, there were reportedly 2,591 closed sales transactions and 2,424 pending sales transactions in January, representing a 5.0% decrease in closed sales
Local Law 31 also includes a five-year testing requirement, meaning that all residential building owners in NYC must have all dwelling units inspected for lead paint by Aug. 9, 2025.
LEGAL CORNER: Recent Co-op Decision: Stromberg v. East River Housing Corp. and a Review of Co-Op Disclosure Legislation
Recently, the decision in Stromberg v East River Housing Corp. brings to light some of the issues that exist with regard to the co-op approval process and the restrictions that burden purchasers and sellers in co-op transactions.
After 400 articles about everything from usury to the metaverse and even artificial intelligence, the legal issues in real estate will always keep us on our toes. We'll be ready to report on what you need to know.
LEGAL CORNER: The Real Estate Industry Under Attack: Major Legal, Economic Obstacles Agents Will Need to Overcome
The real estate industry was dealt a major blow when a Missouri jury issued a $5-billion verdict ... and the industry and the defendants did not expect this result.
LEGAL CORNER: Critical Changes to the New York Property Condition Disclosure Statement Act Effective on March 20, 2024
On Sept. 22, 2023, New York Gov. Kathy Hochul signed critical legislation amending Sections 262, 265 and 267 of New
LEGAL CORNER: Ransomware and Cyber Threats: The Real Estate and Other Industries Are Under Attack, Again!
It is disheartening, but this column yet again has to address the very real threats that cyber-attacks and ransomware incidents
Over the years, this column has reviewed various court decisions issued by New York courts on the doctrine of “Caveat
LEGAL CORNER: New York’s LLC Transparency Act: Yet Another Attack on Privacy Rights and Real Estate Owners
In June, both the New York State Assembly and Senate approved passage of the Limited Liability Company Transparency Act [see
Artificial Intelligence (AI) is certainly the new “new frontier” filled with all the promise and all the dangers that customarily
The Banking Crisis, Commercial Real Estate, the Debt Ceiling, Fears of Recession In January and February, the stock market had
Various state and federal court decisions have been issued recently impacting the real estate industry. At the federal level, two
On Jan. 5, 2023, the Federal Trade Commission issued a proposed rule (see https://bit.ly/3T5ixuM] (“Notice of Proposed