Email to a friend

Local Real Estate Businesses Feeling the Victory of Housing Market Upswing

New reports showing a housing market rebound is translating into a big boost on the bottom line for local real estate businesses. Tully Rinckey PLLC’s real estate practice has seen a 700 percent surge in new business since December 2011. The firms’ new client list in the form of buyers, sellers, real estate agents and businesses have quadrupled in the last six months and since March 2012, the real estate law practice business has jumped 385 percent. Positive news that runs parallel with a new report released by the Greater Capital Association of Realtors that showed a trifecta of great news, reporting increases in home sales, median sale prices, as well as average home prices.

“This is a wonderful sign that people should take great comfort in. A good housing market is vital for a good economy. We still have a long way to go, but after five years of worries this is a great sign that we may finally be on the right road back,” said Graig Zappia, real estate law partner at Tully Rinckey PLLC.

While the Capital Region housing market for the most part remained solid for much of the down period, Zappia reminds sellers that the recent positive news is great news for them. Buyers should feel thankful as well because the numbers indicate they are getting a price they are happy with and signing on the dotted line.

“We are still in that area of the housing market where both parties, buyers and sellers, can walk out of an agreement feeling as if they won. We are no longer in a sole buyers market, but we’re not in a sole sellers market either,” said Zappia.

As the housing market increases, so to does the demand for real estate legal representation. Mr. Zappia warns buyers and sellers that real estate attorney calendars will fast fill up as more positive news hits. This means a harder time finding proper legal representation or longer wait times to secure closing dates. In effort to relieve the stress on finding what is a very limited number of real estate attorneys, Graig Zappia will be providing a free continuing legal education seminar on June 19th from 6:00pm-7:00pm at the law offices of Tully Rinckey PLLC located at 441 New Karner Road, Albany. The seminar is open to all non-real estate attorney’s wishing to understand and learn more on how to properly represent a client in a real estate legal matter.

“Real estate is a very specific area of law that takes some time to learn but can be taught. For example, real estate law is the majority of my business but I also do employment law as well as estate and trust planning. A criminal attorney or a personal injury attorney can learn the real estate ropes easy enough with a little education. This seminar is a way of giving back and assist the housing market in a positive way at the same time,” said Zappia.


Attorney Locator

Find an attorney near you.
Click below.

Contact Us

  • Tully Rinckey announces new hires and promotion

    Derrick T. Hogan was promoted to senior associate, overseeing the criminal defense practice in Albany. Hogan joined as a law clerk in 2009. Morgan Smith joined as recruitment manager. Smith has more than 14 years of staffing and recruitment experience and previously …

  • Albany Police Officer Arrested

    Officer Caught on Camera Slamming 15-Year old Girl Albany Police Chief Brendan Cox says on July 26th, Officer Ervis Miftari was called to St. Anne Institute, a rehabilitation center for troubled girls, to help with one of the residents, who …

Read All

  • Free Download: EEOC 2016 Update White Paper

    You Could Be Sharing Confidential Info and Not Even Know It Tully Rinckey’s white paper details the Equal Employment Opportunity’s (“EEOC”) nationwide change to procedure that has gone largely unnoticed. The new procedure applies to Charges filed on or after …

Read All

Read All

  • Tully Rinckey PLLC Binghamton Office Ribbon Cutting

    You’re Invited: Tully Rinckey PLLC Binghamton Office Ribbon Cutting Tully Rinckey PLLC, an upstate-wide coast-to-coast 70 attorney full-service law firm, is holding a ribbon cutting for its new office space at 4100 Vestal Road, Suite 104, Vestal, NY 13850 on …

Read All