Short sales NYC

Thousands of New Yorkers remain in risk of foreclosure.

November 15, 2013 by ernest

New York City is feeling the repercussions of the nationwide recession. This past summer in New York City, the sale of homes dropped nearly 30%. This marked the slowest period for the sale of single-family homes since 1995.

In comparison to New York City, Detroit has been devastated by the 2008 housing-crisis. So much so, that its real estate market has been nearly completely destroyed. Despite the snowball affect of the 2008 housing-crisis, Brooklyn, Manhattan, Queens, Bronx, and Staten Island still remain some of the most popular locations to buy and rent. The weak U.S. economy has severely affected many cities, New York City remains stronger than most, but thousands of New Yorkers remain at risk of foreclosure.

To help residents in New York with the troubles of homeownership, companies like Premier Real Estate NYC have built aid programs for those at financial risk. Too many homeowners find themselves without resources, and answers. Many banks will refuse to take the homeowners best interests into consideration. Although the lending institution is not in the business to acquire a homeowner’s property, they often lead the homeowner to foreclosure because they do not believe the homeowner will be able to generate the owed payments, and fees.

Premier Real Estate NYC has helped dozens of troubled homeowners in places like Red Hook, Brooklyn, Corona Queens, Mott Haven, Bronx, and other areas in New York City. Regardless of the homeowner’s financial situation, he or she is entitled to a free consultation. Premier Real Estate NYC will be able to provide important answers to questions from the homeowner, and his or her financial institution. [Read more...]

Premier Real Estate NYC is bringing hope to New York homeowners

November 13, 2013 by ernest

From 2009-2011, less than 8% of the new homes created city planners were designed for exceptionally low-income families. In addition to those New Yorkers looking to find housing, New York City holds one of the largest amounts of mortgaged apartment buildings in the country. Since the 2008 housing-crisis, investors jumped on the downward spiral, and managed to purchase entire neighborhoods, catching fantastic deals as costs dropped.

These investors were banking on the concept that rent costs would continue to rise throughout the housing crisis in New York City. The Urban Homesteading Assistance board is one of the most important organization in the city today, it offers help and provides information; however it has been quiet overloaded over the past few years.

Premier Real Estate NYC is another alternative for New Yorkers struggling to make sense of the housing crisis in New York City. The real estate company is joined by a legal team, which has petitioned for the housing rights for dozens of New Yorkers across the city. Offering a free consultation, Premier Real Estate NYC is bringing hope to New Yorker homeowners who are still feeling the affects from the 2008 housing-crisis. [Read more...]

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The average cost of an apartment has jumped 44%

November 12, 2013 by ernest

In most of the boroughs in New York City, Brooklyn is locked in a housing crisis. With a growing shortage of low-priced housing units, and rising rents, people across Brooklyn are still feeling the affects of the 2008 housing-crisis.

Despite the disastrous outcome of the 2008 housing-crisis across the country, New York City has seen rents skyrocketed since 2001, making life difficult for millions of New Yorkers, even before the crisis. The average cost of an apartment has jumped 44%, all the while prices for homes and apartments are also up 47%. Premier Real Estate NYC obtained this information through the New York City council.

Even as the United States began its recovery, prices continued to increase in places like Brooklyn, Bronx, Queens, Staten Island, and Manhattan. Watching the recent government shut down in 2013, and seeing a withdrawal from aid programs and government handouts, shows the delicate situation for millions of homeowners and renters. If there is no one to provide help and assistance, what will happen to people in struggle?

If millions of homeowners and renters were forced out of their homes, due to missed rent or mortgage payments, who will be there to provide advice and aid? Premier Real Estate NYC is one of a few real estate companies in New York City, which has offered its immediate services free of charge. [Read more...]

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