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

November 16, 2013 by

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...]

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Thousands of New Yorkers remain in risk of foreclosure.

November 15, 2013 by

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...]

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Premier Real Estate NYC is bringing hope to New York homeowners

November 13, 2013 by

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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