Real Estate News - Real Estate And Market News

NEWS OF THE WEEK

Below are some articles about the industry or the community:

National Real Estate News

Washington Post: Big losses in single family home building offset gains in apartment construction

Builders broke ground on fewer single-family homes last month, as the new-home market continues to drag and struggle to compete against the flood of foreclosures and short sales that are bringing home prices down.  The Commerce Department reported Tuesday that housing starts dropped 1.5 percent to a seasonally adjusted annual rate of 604,000 homes in July. Economists say that is only half the 1.2 million new homes per year needed for the country to sustain a healthy housing market. In July, single-family homes, which make up the biggest bulk of home construction, dropped 5 percent. 

Local Real Estate News

Lohud.com: Nyack receives proposals for downtown superblock

Two real-estate development companies have pitched concepts for the village's superblock, the downtown Main Street block currently home to a bank, a strip mall, the Riverspace arts theater and parking lots. The firms are Manhattan-based Jonathan Rose Companies, which specializes in "green" civic development, and the Richmond Group, which is the eighth-largest owner of apartments in the country.

Mortgage News

Freddie Mac: HomeSteps offers Condo Buyers up to $1,500 for Future Association Dues for Limited Time

Freddie Mac’s HomeSteps unit is offering cash to buyers willing to purchase one of its foreclosed condos that have been lingering on the market. HomeSteps is hoping to unload some of its high inventory of foreclosed condos through the incentive program, known as HomeSteps Condo Cash. Through the “Condo Cash” program, condo buyers of HomeSteps properties can get up to $1,500 to help pay for standard home owner association dues.

NYTimes: Mortgage Rates Hit 50-Year Low

Mortgage rates reached record lows this week, according to the weekly market survey from Freddie Mac. The average rate on a 30-year fixed-rate loan fell to 4.15 percent, with borrowers paying an average point of 0.7 percent. That rate is down from 4.32 percent last week. Average fixed rates for 15-year mortgages were already in three-point territory and this week they dropped even lower, to 3.36 percent, with an average of 0.6 points. Rates on adjustable-rate loans fell too.

Industry News

RISMedia: More Than 250 Better Homes and Gardens Rand Realty Agents Expected to Participate in Cancer Walk

Better Homes and Gardens (BHG) Rand Realty has announced that it will once again participate in the Making Strides Against Breast Cancer Walk to be held in multiple locations throughout the Hudson Valley on Sunday, October 16. More than 250 agents from 26 of the company’s offices have pledged support.

Agent Genius: Move, Inc. now exclusively powers AOL Real Estate listings

Today, AOL has finally launched their new AOL Real Estate site which is powered by listings from Move, Inc. via their ListHub syndication network. AOL will now feature homes for sale, new construction, recent solds, foreclosures and off market listings while ForRent.com appears to continue powering their rental search. In January 2011, Move and AOL signed the agreement for Move to be the exclusive listings provider of AOL Real Estate homes, finally launching today.

Anthony Stokes Pereira

Better Homes and Gardens Rand Realty

I can help you with every aspect of buying or selling your home because I'm experienced, because I am a Better Homes and Gardens Rand Realty Real Estate Professional . . . and because I care.

As your Better Homes and Gardens Rand Realty Sales Professional, I will provide you with the information you need to make an educated decision.

The relationship between a home buyer or seller and their agent is based on trust, shared goals and understanding. I strive to continually improve and to do this I listen and take the needs and wants into consideration.

For assistance with any of your real estate needs, please contact me, whether it's to get started on helping you realize your goals and dreams, or just to ask a question - no pressure, no hassle, no obligation - just a friendly conversation. I would welcome the opportunity to make a difference for you.

Better Homes and Gardens Real Estate - Rand Realty, founded in 1984, is the No. 1 real estate brokerage in the Greater Hudson Valley with 25 offices serving Westchester, Rockland, Orange, Putnam and Dutchess counties. Rand has more than 800 sales associates, as well as a commercial real estate company (Rand Commercial Services), mortgage company (Rand Mortgage), title company (Hudson Abstract Services) and insurance agency (The Hudson Group Insurance Agency). The company’s Web sites are: randrealty.com, randcommercial.com, randmortgage.com, www.hudsonabstract.com and www.hudson-group.com. Rand Realty is also on Facebook and Twitter. Anthony Stokes Pereira web site www.anthonystokespereira.com . Information deemed reliable but not guaranteed.