new york state: NY State Market Stats, August 2006-2008 - 10/14/08 07:11 AM
According to the New York State Association of REALTORS® the August 2008 sales fell 20% compared to August of 2007. The August 2008 median was $225,000 10% lower that the August 2007 median of $249,000. In Westchester County the numbers are:
The median prices in August 06 was $749,000 August 08 $730,000 July 08 $730,000
August 06-August 08 -2.6%August 07-August 08 -1.4%July 08-August 08 -1.4%August 06-August 08 … (0 comments)
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new york state: Housing Statistics - Hastings on Hudson, New York, August, 2008 - 09/01/08 06:21 AM
As of September 1, 2008 there are 26 active single family homes on the market. 34 single family homes have sold since January of 2008. One single family is pending.
January 1 - February 29, 2008
8 Single Family Houses sold Average price was $850,188 Median price was $701,000 Days on Market were 175 July, 2008 9 Single Family Houses sold
August, 2008
8 Single Family Houses sold Average price was $897,275 Median price was $896,600 Days on Market were 130
… (0 comments)
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new york state: The I Love New York Short Film Contest - 08/25/08 05:35 PM
During the first two weeks of July hundreds of short films were submitted for considersation in a contest sponsored by local corporations. Out of these hundreds are 15 finalists that you can view and vote for your favorites, here. To see all of the videos, here.
I Don't Like New York - video powered by Metacafe … (2 comments)
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new york state: Used to Be Roaches, Now it's Bedbugs - 08/02/08 08:37 AM
One of my clients expressed concern about bedbugs and that she is really worried about them. I have heard of the problem but didn't realize the extent of the issue and knew nothing about bedbugs, how they infiltrate a home, their life cycle and how to try to get rid of them. Oh so many years ago I lived on the upper West Side of Manhattan. Cockroaches were the bain of my existence then. I lived in a brownstone on West 85th Street, a walk up. My friends and I who were all just starting out lived with these bugs. We were … (10 comments)
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new york state: Yes, I Know - 08/01/08 04:51 PM
We are in a buyer's market. A lot of properties that are on the market are getting many showings but not a lot of offers. Properties can sit on the market for a while in this market. When offers are presented on these properties I hear a lot of frustration on the part of the agent presenting the offer. Like they already know they are wasting their time.
Yesterday I got a very long voice mail from one of these agents. This agent had a buyer who had seen a property seven months ago and had some interest but felt it … (2 comments)
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new york state: A Scam and Another Scam - 08/01/08 03:05 PM
In the last few days two scams have come to my attention. Both involve individuals who are not licensed trying to sell real estate. Two days ago I got a call from a women who works at a building management company. She has an office at the building so individuals who walk in and are interested in buying or sellers who live in the building think that she is licensed and that it is legal for her to show and negotiate properties. This individual even called me to show one of my listings in her building. I asked her if she … (1 comments)
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new york state: A New Mortgage Law in New York State - 07/05/08 05:17 AM
Now Mortgage Brokers are expected to predict future income of borrowers and must be careful not to discriminate against certain groups by not offering certain loans that could be a problem. From the New York Times:
"The legislation, which was passed by the New York Legislature in June and is expected to be signed by Gov. David A. Paterson, aims to curb the current surge in foreclosures, but it also includes provisions meant to prevent borrowers from taking out loans they cannot repay.
Among other things, it says that brokers have a "duty of care" to offer appropriate loans to subprime … (1 comments)
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new york state: Disclosing Dual Agency-Why Agree to Limited Services From Your Agent - 06/16/08 10:40 AM
Last week I received an email from a seller in Westchester County. She was very upset because she found out that the agent she had hired to sell her house brought a buyer and an offer and did not disclose that it was her buyer. The agent did not disclose that she had signed an agreement to sell the buyer's condo either. This seller didn't understand why her agent was always to pushing the needs of the buyer and seemed to favor the buyer's side. This seller had not agreed to a dual agency situation and had not been informed. She … (50 comments)
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new york state: New York State Agency Disclosure -2008 - 01/01/08 05:40 AM
The following is probably unique to New York State. We have an agency disclosure form that two years ago was rewritten because it was not very consumer friendly, meaning that it was really hard for buyers and sellers to try to understand what it meant and what it meant to them. So, in January 2007 New York State released a new Agency Disclosure Form with rewritten parts that was supposed to make it more readable. Alas, that was not the case. So, in January 2008 New York State released another version of the form which is effective today. There are some changes. … (4 comments)
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new york state: National Association of Realtor position on Mortgage Lenders - 07/04/07 11:21 AM
"NAR supports the general principle that all mortgage originators should act in "good faith and with fair dealings" in a transaction and treat all parties honestly. NAR's Code of Ethics already imposes a similar requirement on REALTORS®, who are required to treat everyone in the transaction honestly. NAR encourages legislators to use such a standard of care as a guiding principle when drafting anti-predatory lending legislation rather than using the phrase to create a new federal duty that would be too general and, therefore, too difficult to enforce"
To read the eight principles of fair mortgage lending from the National Association of … (0 comments)
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