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The article reports on the impact of the capital gain tax increases on the real estate market in New York in 2013. Some observers speculate that these increases, which range from 5% to 8.8%, could cause a drop-off in the number of properties traded, as well as an increase in asking prices for residential and commercial real estate. In addition, these changes could translate into fewer properties changing hands in 2013.

The article reports on the aim of realtors to seek homeowners tax relief in New York. It is stated that Governor David Paterson proposes raising the fee for the real estate exam from $15 to $75 and the broker's exam from $50 to $125. Moreover, it is observed that the property tax burden that has no end in sight makes home ownership even less desirable.

Discusses the impact of flat tax rates on real estate business in Long Island, New York. Description of flat tax rate systems; Reduction of real estate's value; Industry experts' comments.

The article presents a breakdown of New York Governor Andrew Cuomo's record on real estate. Since 2008, Cuomo has expanded the homeownerships programs while at the federal agency. On the other hand, Cuomo proudly signed a bill to cap property taxes in 2011, which limits tax hikes to two percent per year.

Editorial. Discusses the need of the New York City administration to stop seizing buildings for non-payment of taxes. Reasons for the same; Difficulty in selling the property; Other possible solutions to the problem; Overhaul of the system of rent regulation; Attracting investors into the city; Related details.