Mayor Bloomberg has created approximately 140,000 affordable homes in Brooklyn

In places like Red Hook Brooklyn, and Bay Ridge Brooklyn, homeowners spend more than 50% of their paycheck on housing. Places like the Association for Neighborhood and Housing Development are dedicated to offering the general public information on the housing crisis in their location. Its lead claim is that native New Yorkers in places like Red Hood, Brooklyn are being forced to move out of New York City, to places like Albany, Kingston New York, and Newburgh.

Premier Real Estate NYC listens carefully to research centers like the Association for Neighborhood and Housing Development. The information provided allows Premier Real Estate NYC to gage the situation for thousands of neighborhoods. Each case is different, and Premier Real Estate NYC is able to comb through information on thousands of areas who have been swept up in the New York City housing crisis.

Some efforts by elected officials in New York City have paid off, but many are left without the ability to access the resources. Since 2004, mayor Bloomberg has created approximately 140,000 affordable homes in Brooklyn, Bronx, Queens, Manhattan, and Staten Island. [Read more...]

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Residents in Brooklyn, Queens, Bronx, Staten Island, and Manhattan, need to take extra care of their mortgage payments.

How will New York City be affected by the 2013 government shutdown? The consequences of the 2013 government shutdown may not be felt for several more months. In some states, the affects of the 2013 government shutdown are already being reveled.

The 2008-housing crisis is obviously much more damaging than the current crisis. Still, for homeowners who are only now finding government aid to help them with their housing concerns, the 2013 government shutdown could not have come at a worst time.

In light of the 2013 government shutdown, residents in Brooklyn, Queens, Bronx, Staten Island, and Manhattan, need to take extra care of their mortgage payments. [Read more...]

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The 2013 government shutdown is punishing thousands of government workers in New York City

The real estate market is in full swing once again; it has regained its strength following the 2008-housing crisis. Areas like Red Hook, Brooklyn, and Hunts Point, Bronx are feeling the rush of real estate development. With rent rising in Manhattan, developers are scouting all areas throughout, Brooklyn, Queens, Bronx, Staten Island and Manhattan. Harlem was one of the first major sectors to find itself in the mix of gentrification and real estate development.

The 2013 government shutdown is punishing thousands of government workers in New York City. The housing authorities may soon issue notices in certain areas, that housing assistance may no longer be provided if the government shutdown persists. New Yorkers, and other city dwellers, rely heavily on city services to provide aid and assistance for social services such as, food, shelter, security, financial services, etc.

New York City is a far cry from cities like, Detroit and Baltimore, however, after hurricane Sandy, many New Yorkers were confronted by a failure of state and federal authority. There are too few services in general for homeowners reaching the point of financial crisis.

Premiere Real Estate NYC has helped dozens of borrowers over the past few years reach agreements with their respective bank. Many borrowers were surprised to find options that strengthened their case against the bank. Some homeowners thought they would not stand a chance against the bank; only to find out they would be able to keep their home. [Read more...]

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