After a busy winter and spring season this year, the WHFirm staff celebrated with a couple of happy hour outings to kick off the summer – first at Malone’s Bar in June, followed by the Freehold rooftop bar in July. Our thanks to our hardworking crew. Without such a dedicated team of professionals, our firm […]
Congrats to the firm for making this year’s list of NYC’s top 40 law firms on The Real Deal! We entered the year with a bang, jumping immediately to number 25, and have held strong throughout the year. The Real Deal bases their ranking on the dollar volume of closed sales recorded in ACRIS between […]
The law in New York surrounding the Property Condition Disclosure Statement (PCDS) changed significantly with Governor Hochul’s recent signing of A.1967/S.5400, which eliminates the option for sellers to offer a $500 credit to buyers at closing in lieu of completing the PCDS and adds questions disclosing the property’s flood history and risk to the PCDS […]
Mortgage rates continued to decrease slightly this week, dropping to 6.69% average from 6.71% the previous week, influenced by the Fed’s recent decision to pause rate hikes. For more info, you can read the full article here.
The lightning development of AI tools such as ChatGPT is already being felt in many industries. As reported by the Guardian, this includes the field of cybercrime, and particularly the common type known as “phishing.” Phishing is the transmission of a virus or other harmful software, often via email and generally disguised as a legitimate […]
According to date from Freddie Mac, mortgage rates have continued the overall downward trend that has been dominant since last November, apart from a slight rise during February 2023. As of the week ending March 30, the average rate had reached 6.32%. To learn more, you can find the original article from CNN here:
For many New York City homeowners and renters, subdividing apartments with temporary walls can be an easy way to maximize space. Many renters are familiar with “flex” units where a new bedroom is created with space taken from living areas. However, the legal requirements for these walls can be complicated, and homeowners and tenants should […]
Homebuyers in New York City may be presented with the opportunity to purchase a “sponsor unit,” a type of property unique to New York City real estate.[1] At the most basic level, “a sponsor unit is an apartment that has never been sold” before.[2] However, this term can have a different meaning depending on whether […]
CNN recently published an interesting article highlighting the growing prominence of AI programs such as ChatGPT, which generates detailed responses from simple prompts, in the real estate industry. Used largely as a time-saving device, the program has been used for listings and even in some instances the initial drafting of legal documents. As the use […]
As reported by CNN, Mortgage rates are continuing to fall this year, reaching 6.09% at the beginning of February, and down from last year’s peak of 7.08%. Forecasts predict that rates will continue to decrease this year as inflation eases. To read further, please see the original article here.