By RONDA KAYSEN
This week’s topics include antiquated rules in white-glove buildings; strategies for meeting with co-op boards; and water damage in rentals.
Published: May 30, 2015 at 09:00PM
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By RONDA KAYSEN
This week’s topics include antiquated rules in white-glove buildings; strategies for meeting with co-op boards; and water damage in rentals.
Published: May 30, 2015 at 09:00PM
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WASHINGTON (May 28, 2015) — Pending home sales rose in April for the fourth straight month and reached their highest level in nine years, according to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions saw increases in April.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 3.4 percent to 112.4 in April from a slight upward revision of 108.7 in March and is now 14.0 percent above… Read More
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For release:
May 29, 2015
Defeat of Senate Bill 364 preserves private property rights and protects California’s rental housing market
LOS ANGELES (May 29) — The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today hailed the defeat of Senate Bill (SB) 364 (Leno) in the State Legislature this week. The bill would have eliminated property rights protections for owners of rental property and significantly discouraged efforts to create new rental housing in the city and county of San Francisco.
"SB 364 was an unreasonable and unjustified attack on property owners that need or want to take a rental property off the market," C.A.R. President Chris Kutzkey said. "Discouraging investment in housing is bad policy, and SB 364 would have caused harmful unintended consequences. San Francisco already has the most protective, and the most expensive eviction rules in the state."
In 1985, C.A.R. successfully sponsored the Ellis Act, preventing local governments from restricting the ability of rental property owners to remove a rental property from the market. SB 364 would have allowed San Francisco to prevent property owners from taking rental units off the market, unless every owner of that property has owned the property for at least five consecutive years. This effectively forces property owners to remain in the rental housing business even if they are losing money or simply wish to occupy their own property.
San Francisco already has California’s strongest renter protection rules. Seniors and the disabled are, under current state law, given a one-year notice when a property owner is going to vacate the unit. All other tenants receive 120 days.
"California’s 175,000 REALTORS® stand up for the rights of property owners and those who want the opportunity to rent or buy a home at a fair market price. SB 364 was an attack on private property rights, essentially allowing government to seize property by dictating its use," said Kutzkey.
Leading the way…® in California real estate for 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
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By Unknown Author
Information on sales in New York, New Jersey and Connecticut.
Published: May 30, 2015 at 09:00PM
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By ALISON GREGOR
With new developments underway in the neighborhood, condo prices are starting to hit highs comparable to those in SoHo, NoLIta and NoHo.
Published: May 30, 2015 at 09:00PM
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By MICHELLE HIGGINS
This week’s properties include a farmhouse in Stamford, Conn., and a five-bedroom in Glen Cove, Long Island.
Published: May 30, 2015 at 09:00PM
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By MICHELLE HIGGINS
This week’s properties are in the West Village, on the Upper West Side and in Manhattan Beach.
Published: May 30, 2015 at 09:00PM
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By JOANNE KAUFMAN
The Broadway actress lives with her husband, David Schwab, and their daughter.
Published: May 30, 2015 at 09:00PM
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By LISA PREVOST
Rules meant to make mortgage terms easier to fathom for consumers take effect on Aug. 1, but the lending industry says it is not ready.
Published: May 30, 2015 at 09:00PM
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By VIVIAN MARINO
A duplex on the Upper East Side sold to Mr. McCartney and his wife, Nancy Shevell, and was the sale of the week.
Published: May 30, 2015 at 09:00PM
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