Residents in New York have seen rent jump, unemployment rise, and banks disappear

Premier Real Estate NYC has learned that one of the lead tactics used by landlords in New York City to increase rent is by evicting the current tenant. For many renters in New York City, this has become a reality.

Homeowners and renters alike are looking to find a way to avoid the pitfalls of the housing market in New York City. Premier Real Estate NYC is one of the leading real estate companies that help homeowners bypass the troubles of owing a home in New York City.

Between the 2008 housing-crisis, and recent government shut down in 2013, residents in New York have seen rent jump, unemployment rise and banks disappear. With little services available in proportion to the widespread need, Premier Real Estate NYC has designed several programs to help homeowners adjust to the changing real estate landscape.

With so many people locked in financial trouble, one would think more services would be available. Since the 2008 housing-crisis, Premier Real Estate NYC has observed a steady rise in foreclosure. Areas like Harlem, Bed-Stuy Brooklyn, Corona Queens and other areas in New York City have fallen victim to unemployment and rising housing costs. [Read more...]