NYC's tax revenue soars, while job market faces its own challenges
Real estate-related taxes soared to an all-time high of $37B last year. That figure is expected to climb even higher to $40B in 2025, according to a REBNY report
by Richelle Hammiel Mar 31
REBNY sues the City of New York to stop FARE Act enforcement
The New York City Council passed a bill to shift responsibility for broker fees from renters to property owners last month. Real Estate Board of New York is attempting to stop its enforcement
by Marian McPherson Dec 17
NYC Council passes bill to end broker fees for renters
The bill shifts responsibility for broker fees from renters to property owners in hopes of easing affordability woes. However, opponents say the bill will only raise costs for renters in the long run
by Marian McPherson Nov 13
REBNY leads 1,500 NYC agents at rally in opposition to broker fee bill
REBNY members on Wednesday demonstrated against the FARE Act, a bill that would require rental property owners to cover the cost of broker fees, rather than pass them off on tenants
by Marian McPherson Jun 12
CoStar takes aim at Zillow in NYC with launch of Citysnap portal
Homesnap's new portal should launch across New York City in 2022. It's the latest development in a simmering search portal cold war between CoStar and Zillow
by Jim Dalrymple II Oct 13
Compass sues REBNY, alleges conspiracy with other brokerages
Compass says the New York organization has worked with Douglas Elliman and the Corcoran Group to "thwart competitors" and "smother" competition
by Jim Dalrymple II Mar 12
'Cancel rent' activist eyed for NYC planning commission: Report
Advocating on behalf of landlords, the Real Estate Board of New York, the state's dominant real estate trade group, called Cea Weaver's potential nomination 'unfortunate'
NYC heads into phase 2 of reopening — but don't expect much to change
As New York City prepares to enter phase 2 on Monday, a number of agents expressed ambivalence over resuming in-person showings or heading back into the office
by Patrick Kearns Jun 18
NYC real estate trade group cuts pay, institutes layoffs
The Real Estate Board of New York is facing diminishing membership dues at the epicenter of the global pandemic
by Patrick Kearns Jun 15
New guidelines issued to reopen office buildings in New York City
The Real Estate Board of New York and other organizations issued 'Best Practices for Reentering Commercial Buildings in Phase Two of New York Forward' guidelines
Broker confidence in New York City plummets to record low
The ongoing coronavirus pandemic has left brokers more pessimistic than ever about the present, though they are more upbeat about the future
by Jim Dalrymple II Apr 9
Home showings allowed to resume in New York: Gov. Andrew Cuomo
Cuomo announced home showings would be allowed to resume, but the announcement has yet to be backed up with guidelines from the Empire State Development Corporation
REBNY launches agent resource guide for entire industry
The New York City-based real estate trade group has a new hub that breaks down details about the stimulus package as well as government and local resources
by Patrick Kearns Mar 31
Brokerages, REBNY to sue New York state over brokers' fee adjustment
The trade association confirmed it plans to file a lawsuit on Feb. 10 over new guidance that would have landlords in New York City pay brokers' fees
by Patrick Kearns Feb 7