Category Archives: New York Real Estate

United Van Lines Study – Why are so many people moving out of New York State?

United Van Lines releases its annual study documenting where, why and in what numbers Americans are moving! One overriding reason for moving in 2020 of course had to do with Covid-19, as concerns over big city density drove many to find less-dense locales in which to live. But, for a state like New York, cost of […]

Oracle Chooses Tax Sanity And Is Leaving California…Is New York Paying Attention?

Note: As a resident of the state with the highest tax burden in the United States and as the owner of a title insurance company reliant on a healthy environment for both the commercial and residential real estate markets, the subjects of affordability and quality of life in New York State are extremely important to me. […]

Real Estate in New York State and the Impact of Companies Migrating Away!

The Three Wise Monkeys and New York Politicians: See no evil, hear no evil, speak no evil! Summary: The potential migration away from New York by Goldman Sachs Asset Management is yet another example of tax-unfriendly states losing businesses to tax-friendly states like Florida! (Note: For those wondering, the following migration situation out of NYS […]

Are New York Real Estate Attorneys All The Same?

  Of course they’re not, in much the same way that mortgage brokers, real estate agents or pizza parlors, etc. are not all the same! And, yes, this includes title insurance providers too. Great real estate attorneys might only handle this one aspect of the law, while some other phenomenal real estate attorneys may also […]

July 1, 2019 New York State and New York City Real Estate Transfer Taxes Slated to Rise!

New York State real estate transfer tax and New York City mansion tax

July 1st the New York State Department of Taxation and Finance will be imposing an increase in the state real estate transfer tax and mansion tax in New York City!  The NYS transfer tax increase will affect residential property sales above $3MM and all other property types sales above $2MM. the increase will be $2.50 per […]

Whoa! New York Homebuyers Face An Average Down Payment Of $347,614!

Hallmark Abstract Service

Wait a second! Did I really mean to say that New York homebuyers face an average purchase price of $347,614? No, you read it correctly the first time! Incredibly, while the national average down payment for a new home is $31,723, in the New York/New Jersey marketplace the number soars to $347,614 representing 37% of the average […]