My Brooklyn Report

At the beginning of each year, real estate brokerages publish market reports on property sales from the previous year and offer forecasts on whether home values will rise or fall in the current year.

Practically everyone in the business gets their property sales data from PropertyShark.com, and they get it from New York City’s Department of Finance.

While the information furnished is pretty accurate for coops, condos and mixed use property, the controversy surrounds sales data on 1 to 3 family home sales in Brownstone Brooklyn neighborhoods.

Over the last 10 years, there have been a number of companies offering information about real estate sales via the Internet. Once considered proprietary data by Multiple Listing Services, property sales information is made available by a number of public web sites. And as with any information discovered on the Internet, real estate sales data made [...]

As reported in the New York Daily News [Bed Stuy Residents Furious over Condo Project once slated as Dorm], it appears another luxury condo has gone the way of becoming five star accommodations for the homeless. How is it that Real Estate Developers continue to be bailed out by New York City while countless families face the threat of becoming homeless due to foreclosure?