2019 Rent Regulation & Emergency Tenant Protection Act Overview

Source: New York State Association of Realtors Summary On June 14, the Governor signed into law reforms passed by the State Legislature to the rent regulation system, which previously only covered New York City, as well as 34 municipalities in Nassau, Westchester and Rockland counties. Significant among these reforms is the option for any city…

Statistics

The real estate market is active. Closed sales are up 37% over last year. Inventory is only slightly higher than 2018 up 1%. Tompkins County has a 44% increase in closed sales.