Category Archives: residential real estate

With the Supreme Court in the headlines, the right to choose takes center stage!

  The Supreme Court and the nomination, now confirmation, of Judge Amy Coney Barrett to serve as an Associate Justice of the United States highest court, has been in focus for many weeks! In New York State the right to choose is a topic that’s in the forefront of everyone’s mind, and at Hallmark Abstract Service […]

3 Often Overlooked Expenses in Home Ownership

3 Often Overlooked Expenses in Home Ownership Perhaps your family has outgrown the small apartment you’re currently renting, or maybe you want to expand your already thriving collection of vacation properties. Whatever your reason might be for purchasing a new home, it’s important to ready your bank accounts for this major undertaking. Recent months have […]

CLOSING ON YOUR HOME REMOTELY IN A PANDEMIC, Michele Cea, Esq. Guest Author

As a bonus to the readers of the Hallmark Abstract Service blog, we will periodically feature industry experts as guest authors. In this role they provide an inside look at topics surrounding the New York residential and commercial real estate industry with information that is invaluable! If anyone would ever like to contribute, articles need not […]

Apartment Rental Agents in New York City: What Happens When a Potential Death Blow Hits?

Update September 10, 2020: A New York judge temporarily blocked a new state rule barring brokers from charging tenants. For now, tenants will once again be paying fees to brokers! The new state of the apartment rental real estate industry in New York City (as of Tuesday), reminds one of the Abbott and Costello routine ‘Who’s […]

The 2019 New York State Budget Includes Real Property Transfer Tax And Mansion Tax Increases!

new york city mansion photo

2019 New York State Real Property Transfer Tax And Mansion Tax Increases or, Just When You Thought Your Tax Burden Couldn’t Get Any Worse! As New York State’s Governor Cuomo embarked on a search for new sources of tax revenues, ultimately residential real estate and real estate transactions were in his crosshairs! An initial tax […]

Guest Author – ‘Challenging Your NYC Property Value Assessment May Be Easier Than Ever’ by Darya Shneyder

New York City photo

New York City property value assessments, like those on Long Island, can often be based on data that is often considered by the owner to be somewhat inaccurate and/or open for debate. Maybe you should think about appealing! (Challenging Your NYC Property Value Assessment May Be Easier Than Ever originally appeared in the Commercial Observer, […]

Why Is The Residential Real Estate Market Under-performing Its Potential?

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Is it a good time to buy a home? A good time to sell? Time to sit on your hands and do nothing? Looking at simple statistics such as new home sales, existing homes sales, and housing starts may not tell the entire story or provide any real insight! So is there a metric that […]

Tables Have Turned On Home Sellers Who Now Face A Supply Surge And Price Cut Volume Greater Than 2009!

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The residential real estate mantra for the past couple of years has been that rising home prices have, in large part, been based on a better economy but more importantly from a lack of supply of homes for sale! And invoking the law of supply and demand, as any first-year economics major will explain, says […]

How Much Do You Need To Earn To Buy A House In New York?

home sweet home photo

Or to buy a home in some of the other metro areas around the United States? Real estate brokers will tell you that one of the reasons for the increase in the price of residential real estate is the lack of inventory available for purchase. The price run-up has also been attributed to demand based […]

Consolidation In The Title Insurance Industry And Affiliated Business Arrangements: Good Or Bad For The Real Estate Or Mortgage Consumer?

When should the purchaser of commercial and residential real estate or the refinancer of a mortgage in New York State get a second opinion on the title bill provided by the title insurance company being utilized? Or ask other questions about the title insurance policy to be provided at closing? Answer: Each and every time! […]