NEWS: All real estate, all the time
From the New York Times
Mayor Sees $3.9 Billion Surplus Fed by Booming Real Estate Market
By SEWELL CHAN
Andrea Mohin/The New York TimesMayor Michael R. Bloomberg introduced his budget at a news conference.
The unexpected revenue will allow the mayor to cut taxes and set aside money for future expenses.
How Transfer Taxes Work
On Long Island, More Are Priced Out of the Housing Market
By BRUCE LAMBERT
A new report shows that just 2 percent of the houses sold on Long Island in 2006 could be classified as “affordable” for families earning up to $100,000 a year.
PLUS:
Court Finds State Agency Miscalculated Housing Need
Building Boom May Mean Jobs Can’t All Be Filled, Report Says