2011: The Year a House Again Becomes a Home - 12/29/10 09:07 AM
2011: The Year a House Again Becomes a Home by The KCM Crew on December 29, 2010 
For almost a decade now, every time we talked about real estate we immediately discussed money. We didn’t talk about the value of a home but instead about the price of the house. We didn’t worry about a roof over our heads but instead the ceiling on our interest rate. We didn’t care as much about where we raised our family as we cared about how much we increased our family’s net worth.
That will change in 2011. The KCM Crew believes very strongly that real … (0 comments)

5 Reasons You Should Sell Today - 12/28/10 10:08 AM
5 Reasons You Should Sell Today by The KCM Crew on December 21, 2010
Selling your house in today’s market can be extremely difficult. It is for that reason that every seller should take advantage of each and every chance that appears. There is a fantastic opportunity available right now. Meet with your real estate agent and mortgage professional today and see whether it is the right time for you and your family to make a move.
Here are five reasons you should consider selling in the first 90 days of 2011.
1. Interest rates have spiked up. Rates have jumped over 1/2 … (0 comments)

SENATE PASSES 9/11 HEALTH CARE BILL, HOUSE to Soon Follow - 12/22/10 03:19 PM
Senate passes 9/11 health bill Originally published: December 22, 2010 2:09 PMUpdated: December 22, 2010 3:11 PMBy KEITH HERBERT  keith.herbert@newsday.com
Photo credit: Newsday/Viorel Florescu | Rescue workers remove debris as they search for survivors at Ground Zero. (Sept. 15, 2001)
Videos WTC responder mourned  Video Gallery: 9/11 events past and present Galleries Ground Zero immediately after 9/11 photos  LI remembers 9/11 nine years later WASHINGTON - A bill that provides health care for 9/11 first responders passed the Senate on Wednesday afternoon, clearing a major hurdle.
The bill goes to the House, which is expected to approve it and send it … (1 comments)

Patchogue-Medford Library gets national award - 12/18/10 07:51 AM
Patchogue-Medford Library gets national award Originally published: December 17, 2010 9:25 PMBy JO NAPOLITANO  jo.napolitano@newsday.com
Photo credit: Charlie Archambault | Dina McNeece Chrils Director of the Patchogue-Medford Library (in black) and community member Zheni Velasquez accept a 2010 National Medal for Museum and Library Service in the East Room of the White House.
First lady Michelle Obama gave a Long Island library a national medal for its work in bilingual education, bestowing the award at a special ceremony Friday in the White House.
Patchogue-Medford Library officials said the prize - the nation's highest such honor - validates their efforts to make … (0 comments)

4 Bedroom Cape for Sale in Medford on 1.2 Acres - 12/17/10 03:37 PM
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Blue Ridge Condo Ranch Golf, Swim, Tennis Mo - 12/17/10 03:05 PM
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Free Fishing Comes Back to Long Island New York - 12/16/10 08:54 AM
Long Island towns win fishing license suit against state Originally published: December 15, 2010 10:12 PMBy ZACHARY R. DOWDY 
Where Seven Long Island towns have won a lawsuit against the state Department of Conservation preventing the agency from requiring that recreational anglers obtain a saltwater fishing license to fish town waters.
The decision by State Supreme Court Justice Patrick A. Sweeney follows a one-day trial last month, in which the towns contested a law that required any angler older than 16 to get the $10 license. The law, which took effect in October 2009, was designed in part to enable the … (1 comments)

Impact of Rising Rates When Buying a Home - 12/14/10 11:22 AM
Impact of Rising Rates When Buying a Home by The KCM Crew on December 10, 2010
There has been much volatility in the 30 year mortgage rate over the last few weeks. According to Freddie Mac, rates have soared almost a half of a percent in just the last four weeks and now are as high as they have been in the last six months.
Frank Nothaft, vice president and chief economist of Freddie Mac, explained:
After Europe made strides in its debt situation, investors left the security of U.S. Treasury debt causing bond yields to rise and mortgage rates along with them.  Interest rates … (0 comments)

Buying a home now is a no-brainer - 12/13/10 12:56 PM
Buying a home now is a no-brainer By Ali Velshi, CNN chief business correspondentDecember 13, 2010: 9:26 AM ET
(MONEY Magazine) -- Is now the right time to invest in a house?
Trick question. Actually, it's two questions.
Question No. 1: Is now the time to buy?
Question No. 2: Is buying a house a good investment?
The first answer is easy: With a few exceptions, if you have 20% to put down and good credit, now is a great time to buy. That's been the case all year, and I'd argue that we're probably closer to the end than to … (0 comments)

Will Your House Be Worth More in the Spring? - 12/13/10 12:28 PM
Will Your House Be Worth More in the Spring? by The KCM Crew
This is a question anyone thinking about selling must ask. Should they sell now or should they wait for the spring? Most years that would be an interesting question. There is a belief that many buyers come out in the spring and, with that increase in demand for housing, prices may appreciate. This year is unlike any year in recent memory. Most experts believe there will be continuing depreciation of home values throughout the next 18 months.
As we posted on recently, there may be a window of … (3 comments)

Reverse Mortgages - Costs - Pros and Cons - 12/10/10 09:42 AM
What you need to know about reverse mortgages By George Mannes, senior edito, Money Magazine December 9, 2010
1. These loans are now cheaper to take out Thanks to new federal rules, reverse mortgages don't have to sting as much at the outset. Previously these loans -- which let owners 62 or older borrow against their home and don't have to be paid back until the owner moves or dies -- always carried high upfront fees.
A new option, called a HECM Saver, cuts the initial insurance premium -- one of the biggest costs -- from 2% to 0.01% of your … (0 comments)

 

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