real estate: Hamptons Home Sales Double as Wall Street Buyers Fuel Rebound
- 07/23/10 06:53 AM
Hamptons, New York, home sales more than doubled in the second quarter from a year earlier, solidifying a turnaround after two years of Wall Street reluctance to splurge on beachfront property. Transactions climbed to 479 in the towns on Long Island’s East End, the second-biggest jump in at least a decade of record keeping. Larger, more expensive homes boosted the median price 17 percent to $900,000, New York-based appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said in a report today. The largest sales rise was in the first quarter. “We’ve returned to a more normal volume of (1 comments)
real estate: Renovated Contemporary Home
- 07/07/10 05:23 AM
Mill Neck <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2287326 Community Info | Local Amenities | Local School Reports Perched atop one of the highest points on Mill Hill in the exclusive village of Mill Neck, this breathtaking property is set on 5 private, pastoral acres with year-round waterviews of Oyster Bay. Beautifully renovated In 2008, this contemporary 7 bedroom, 5 1/2 bath home features a spacious, open layout with cathedral ceilings, large rooms and expansive hallways. Amenities and features include: • Huge granite/stainless steel state-of-the-art kitchen with Viking and Miele appliances • Master suite complete with two bathrooms, office and (0 comments)
real estate: Colonial in Oyster Bay
- 07/07/10 05:18 AM
Oyster Bay Cove <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2285196 Community Info | Local Amenities | Local School Reports Long Private Drive Leads To Lovely 6 Bedroom, 3 Bath Colonial Home On 2 Tranquil Acres. Living Room With Fireplace & Hardwood Floors, Dining Room With Hardwood Flroos, Eat-in-Kitchen With Fireplace, Large Family Room With Vaulted Ceiling & Sun Room.... 1st Floor Master Bedroom With Bath, 2nd Floor Has 5 Large Bedrooms And Full Bath, In-ground Gunite Pool With Slate Patio. Private Beach & Mooring Rights. (0 comments)
real estate: The "Bay Crest House" in Huntington Bay
- 07/07/10 05:13 AM
Huntington Bay <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2305479 Community Info | Local Amenities | Local School Reports Beautifully Furnished 6 Bedroom, 4.5Bath Victorian In The Baycrest Association Community. Tastefully Appointed Through Out. Rolling Lawns, Covered Porch. Beach And Mooring. Unfinished Cottage Offers Loads Of Storage. Can Also Be Rented Unfurnished For $5,000Mnth. (0 comments)
real estate: Picturesque Colonial
- 07/07/10 05:05 AM
Muttontown <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2280872 Community Info | Local Amenities | Local School Reports Picturesque Colonial Set On 2.46 Pastoral Acres Of Flat Property. First Floor Master Bedroom. In-Ground Gunite Pool. 2 Car Garage. Low Taxes. Convenient To All. Contact Jyll Kata for more info.. 516.330.2321 or jyll.kata@elliman.com (0 comments)
real estate: Beautiful Victorian in Huntington Village
- 07/07/10 04:56 AM
34 Woolsey St <!-- Neighborhood --> Huntington <!--Cross Sts--> cross street: Web ID: 2228015 Community Info | Local Amenities | Local School Reports Huntington Own a piece of Huntington's history. This magnificent Oldie was Built in 1860 and has been beautifully restored to perfection.. It boasts 3 Bedrooms, 2 Baths, Hi Ceilings, 2 Staircases, Granny Attic, Moldings, Covered Porch. Beautiful flat .31 acre. Close To All Huntington Has To Offer. S.D.#3. Priced to sell. Don't Miss this one. Check out the virtual tour ...copy and paste the link http://www.interactivevideotour.com/floorplantour/3267/branded.htm FOR FURTHER INFO ... EMAIL jyll.kata@elliman.com (1 comments)
real estate: Lovely Ranch in East Norwich, NY
- 07/07/10 04:50 AM
East Norwich <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2301587 Community Info | Local Amenities | Local School Reports Lovely Property Backing Golf Course. Possible Subdivision. Super Value. Convenient To All. Seller Will Entertain Offers From $949,000-$1,094,876. (0 comments)
real estate: Stately Tudor in Huntington Bay Area, NY
- 07/07/10 04:45 AM
Huntington <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2294386 Community Info | Local Amenities | Local School Reports Welcome to " Far Horizons " This Stately English Tudor has year round water views and is situated on two magnificent acres with in-ground gunite pool and gazebo. Richly restored beyond perfection for today's lifestyle, coupled with old world architectural details and enduring quality throughout. This gracious home boasts a two story entrance foyer with magnificent staircase leading to grand mezzanine, custom crafted gourmet kitchen with breakfast room and butler’s area, banquet size dining room, ballroom size living room with carved stone fireplace, (1 comments)
real estate: Raised Ranch Close to the Beach (Atlantic Beach, NY)
- 07/07/10 04:40 AM
Atlantic Beach <!-- Neighborhood --> <!--Cross Sts--> Web ID: 2296755 Community Info | Local Amenities | Local School Reports Steps to beach... Great location. 4 Bedrooms, 3 baths, large rooms, wood floors, Central airconditioning, 2 car garage. Convenient to all. Contact Jyll Kata, LBA 516 330 2321 or email jyll.kata@elliman.com (0 comments)
In June, for the first time since December 2009, the U.S. workforce shrank. According to the Bureau of Labor Statistics, the economy shed 125,000 jobs last month even as the Unemployment Rate dropped to 9.5 percent. The drop in the Unemployment Rate is being attributed to fewer Americans looking for work. At first glance, the jobs report looks weak but a deeper look shows something different. Excluding the 225,000 government Census workers that recently left the workforce, the total number of employed persons actually grew by 83,000 in June. That's 50,000 more working Americans as compared to May. And, since (1 comments)
real estate: How To Improve Your Home's Indoor Air Quality
- 07/07/10 04:06 AM
An EPA study shows that close to dozen common air pollutants are 2 to 5 times more concentrated indoors versus outdoors, regardless of whether the home is is located in Rural America, or in an industrial zone. The cause is volatile organic compounds, more commonly known as VOCs. VOCs are gases emitted from certain liquids and solids including paints, cleaning supplies, pesticides, air fresheners and permanent markers, among others. In the short-term, can cause respiratory irritation. In the long-term, VOCs can lead to "Sick Building Syndrome", cancer and other illnesses. There are a number of ways to keep VOC levels in (0 comments)
real estate: Was The Pending Home Sales Report Really That Bad? It Depends Who You Ask -- Buyer Or Seller.
- 07/07/10 04:03 AM
The Pending Home Sales Index plunged in May 2010, just one month after the expiration of the federal home buyer tax credit program. The Pending Home Sales Index is now at a record-low level. A "pending home sale" is an existing home under contract to sell, but not yet closed. According to the National Association of Realtors®, 80 percent of homes under contract close within 60 days. Because of this timeline, we can expect the summer's Existing Home Sales to be weak, too. With fewer homes going under contract, fewer homes can close. On the surface, May's Pending Home Sales Index (0 comments)
real estate: The Year Is Half-Over. How Did The Housing Experts Fare On Their Predictions?
- 07/07/10 03:58 AM
As 2009 was ending, the "experts" were busy making forecasts about the U.S. economy and what to expect in 2010. With respect to the housing markets, two predictions were made again and again: Home prices would fall in the first half of 2010 Mortgage rates would be higher in 2010 Well, it's July 1 and the year is half-over. Both predictions are proving to be incorrect. Home values are rising in most markets and mortgage rates are down. Way down. It reminds us that economists are much more skilled with analysis of the past versus predictions of the future. A pile (3 comments)
Standard & Poors released its Case-Shiller Index Tuesday. The index is a monthly home valuation report from select cities and among the private sector's most popular home pricing models. In reviewing the April Case-Shiller Index and its accompanying analysis, it appears that the housing market's rebound is gathering momentum. In the index's 20 tracked cities: 18 of 20 improved from March to April 2010 Versus April 2009, home prices are up nearly 4 percent The two "down" cities from April -- Miami and New York -- are off just 0.5% and 1.0% annually, respectively Furthermore, as another sign of strength, (2 comments)
real estate: Robert De Niro Kin Buys East Hampton Home for 2.5 Million
- 06/25/10 09:40 AM
Claudine De Niro, actor and Montauk resident Robert De Niro's daughter-in-law and a senior vice president of Prudential Douglas Elliman Real Estate, has purchased an East Hampton home with her father for $2.5 million, according to the Long Island Real Estate Report. The five-bedroom, 6.5-bath postmodern is 5,480 square feet. There is a wine cellar. The three-acre property has a heated gunite pool with direct access from the master suite, which features his and her closets. The stone patio also has a spa, a bar area and a pergola. Claudine De Niro's father, Joao DeMatos, used to own a Brazilian restaurant (2 comments)
real estate: Buyers Take The May 2010 Sales Data all The Way To The Bank
- 06/25/10 05:15 AM
One month after the federal homebuyer tax credit's official expiration, the New Home Sales report turned in its worst showing ever. In May 2010, for the first time in 11 months, the inventory of unsold new homes crossed the 8-month marker, posting an 8.5 month supply overall. Additionally, new homes sales volume fell to 300,000 units nationwide -- a drop of 32% and its lowest level since the Commerce Department started tracking data in 1963. Now, universally, the press is referring to the May New Home Sales report as "poor". A closer look, however, shows that may not be the case. (0 comments)
real estate: A Simple Explanation of the Federal Reserve Statement (June 23, 2010 Edition)
- 06/25/10 05:11 AM
Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent. In its press release, the FOMC said that, since April, "the economic recovery is proceeding" and that the jobs market "is improving gradually". Business spending "has risen significantly", too, with the exception of commercial real estate. Today's statement is the 8th straight press release in which the Fed shows optimism for the U.S. economy, dating back to June 2009. Since that time, the Fed has terminated all (0 comments)
real estate: May 2010 Existing Home Sales is Better Than Headline Data Suggests
- 06/25/10 05:06 AM
Existing Home Sales dropped in May for the first time in 3 months but still managed to post its second-highest since November 2009, buoyed by the expiring federal tax credit program. An "existing home" is a home that cannot be considered new construction; a resale of an existing home. Existing Home Sales fell 2.2 percent in May. The press is calling the drop in sales "unexpected" and disappointing, but a deeper look at the data shows the news isn't as bad as it first appears. First, on a regional basis, sales were mostly solid. Only the Northeast region posted a loss. (0 comments)