Having problem paying your mortgage? be proactive and avoid foreclosure - Dec 19 08:10 PM
In Dutchess County New York, I was shocked to learn that weekly there are about 125 foreclosures; yes, many are losing the roof over their heads.
This post is not intended to dwell on the negative stuff in the market but hopefully it will help some to get out of a state of denial and be proactive about avoiding foreclosure.
Here are some reasons why people find themselves on the brink.
Adjustable rate mortgages which are now resetting to ...
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Reality Check For Sellers This Spring - Mar 04 11:39 AM
With high inventory and buyers taking their time this spring sellers will have to come to grips with the fact that they will have to do more to move their property.
Yes, seller, this is now A BUYER"S MARKET: The fact is, just like the stock market the real estate market has cycles. Many were fooled by the long period of price appreciation, a time when market analysis was thrown out the window, when you could simply ...
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Selling Your Dutchess County Home in a Competitive Market? Here Is A Checklist To Ponder - Mar 29 07:29 PM
So it is springtime and this is the season for listing Dutchess County homes. This year sellers will have to deal with the reality that this market is now a Buyer's market. What is a buyers market? this typically occurs when there is high inventory and it takes more than a 8 plus months to clear it. With this in mind, to successfully sell your home this Spring there are many things you should ponder. It is ...
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Gallatin - Jan 17 01:50 AM
Gallatin is a small town in southern Columbia County with a population of less than 2000 people. This town just like Ancram is another place you will find many second homes tucked away down very long driveways.
This is also an agricultural area so you will come across large farms; it is also very common to see cows grazing and horses galloping .
Town of Gallatin
Gallatin 2007 Real Estate Market Report
In 2007 from January to December there were 28 listing ...
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Dutchess County Real Estate Market Report February 2008 - Mar 12 10:34 AM
I am happy to report that February has shown an increase in sales of 15.8 percent over February 2007 for the single family detached homes and a 37.5 percent for the condo townhouse market. Here is hoping this trend will continue. The median and average prices both increased for single family detached homes which indicates our market is in a much better position than some other markets. It is also worth noting that the days on market as well as ...
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Buildup Your Equity Faster and Save Thousands - Sep 27 08:38 AM
Unless you've paid cash for your home, you have the obligation of paying a mortgage. Most buyers opt for a 30 year mortgage simply to have a manageable monthly payment. But paying the loan off over a 30 year term is costing hundreds of thousands of dollars in interest payments.
One option to consider to reduce the total interest payment is the Biweekly mortgage plan. Using this option, half of the regular monthly payment is made every two weeks. For ...
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I Won't Accept An Offer On My Home Under xxxxx - Feb 17 10:33 PM
How many times have we heard these words from sellers "I won't accept an offer on my home under xxxx. It happens more often than you think.
Speaking to many real estate agents who have been around for a long time I was told that about 90% of the time the sellers live to eat those words and in many instances the first offer is usually the best. I have seen this happen many times myself and ...
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In Dutchess County, New York here are the properties you can buy for $5,000,000 plus in 2008 - Jun 21 03:32 PM
You can get to Dutchess County by road, air and rail. Many who desire to get away from a hectic life in the city and hide away on a country estate find Dutchess County an attractive place to be.
Right now there are eleven properties available for sale over $5,000,000 ranging from a house built in 1780 to one built in 2008 and from 62.07 acres to 412.20 acres. Just think, with this much property you can certainly have your own ...
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Markets not as bad as media says - Feb 20 06:33 PM
I keep seeing in the newspapers and on the television how bad the real estate market is. It's not! Real estate is a very local issue and while some areas of the country like Vegas, Ohio, Michigan, Colorado and California are doing poorly, others are not. The market in NYC is still strong and north of the city in Westchester and Putnam Counties they are holding their own.
What do you think? How are things in ...
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Dutchess County Real Estate Market Report August 07 - Sep 16 08:29 PM
August again saw a drop in sales of single family detached homes. At the same time there was an increase in both inventory and days on the market.
On the other hand Condos and townhouses saw increase in the number of units sold and a reduction in the number of days on the market which does indicate that more people are buying these types of properties, and the sales are happening faster. One reason for this could be ...
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Dutchess County Real Estate Market Report May 2008 - Jun 06 07:59 AM
In Dutchess County during May the number of properties available for sale continued to grow. At the same time the number of sales dropped 31.1 % over same time last year. It was also noted that there were 20 less sales in May 2008 than in April 2008. Another noteworthy fact was that the current sales dollar volume was off by 37.5% over same time last year. In May 2007 the current sales dollar volume was: ...
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Dutchess County Real Estate Market Report For April 2008 - May 11 08:19 PM
I found April's report very interesting. Both median and average selling prices for single family detached homes took a big dip. The average price in April 2007 was $398,339 and for April 2008 it was $345,223 a drop of $53,116. When compared to March 2008 the drop was $29,004. One can see a corelation in the drop in price and the increase in sales- 46 more sales were closed in April over March. There was also a drop in ...
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Dutchess County NY July 2007 Real Estate Report - Aug 18 11:02 PM
Dutchess County NY like most parts of the country has seen a more sluggish real estate market. More price reduction are noticeable, sellers have come to the realization that this is necessary in order to get an offer. There is high inventory, more foreclosures , and the recent turmoil in the mortgage industry has further aggravated the problem.
Buyers who were approved for a 100% mortgage, suddenly found themselves outside in the cold as some sources of financing dried ...
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Sold - First Day on the Market - Jul 30 06:19 AM
I've not been able to say those sweet words in a while! Sold: First Day on the Market. It sounds so good. I could say it over and over, but won't.The secret to my success? Don't tell anyone but it is great homeowners. The home was spotless clean, attractively decorated and they listed it at a fair price. The sellers had one request. Try to avoid showings during nap time. So we signed all the papers, ...
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Snapshot Of Dutchess County NY Real Estate Market For May and June - Jul 25 01:45 PM
MAY SINGLE FAMILY DETACHED
Average Price $416,705 a 4% gain over May 06
Median Price $345,000 a 1.4% drop over May 06
Closed Sales 158 a 14.6% drop over May 06, at that time 185 units were closed
Days on Market 134 a 12.6 gain
There was a big drop in purchase offer at the beginning of the month from 182 May 06 to 114 a hefty 37.4%.
An increase was also noticeable in the number of listings
available at the beginning of the month - ...
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Dutchess County Market Report October 2007 - Nov 21 08:07 PM
Based on the numbers released for the real estate market in Dutchess County NY the absorption rate for the month of October stands at 15.2 months for single family detached properties. What this is telling you is that it would take 15.2 months to get rid of the present inventory. This is computed by taking the listings available at the begining of the month, 2223, and dividing it by the sales for the month, 146. This is clearly ...
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Today's Mortgage Rates-4/17/08 - Apr 17 12:29 PM
Todays rates are up approximately .375 from yesterday. The market suggests that this will vary from day to day over the next few weeks. Expert opinions suggest floating your rate if you are expecting to close within the next 30 days. This is just an opinion, however.
The stock market should be closely watched as gains will likely send rates higher, and losses will bring them down. Higher inflation concerns usually translate into lower Bond returns that ...
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SONYMA - A Great Tool For First Time Homebuyers - Apr 08 04:49 PM
The State of New York Mortgage Ageny (SONYMA) loan program is a great tool for first time homebuyers. It allows for a low down payment (3%) and offers closing cost assistance. SONYMA has strict guidelines that leave little room for exceptions. A qualified loan office can determine your eligiblity and navigate you through the paper-intensive process. Below is basic information to get you started:
- The home must be located in New York State.
- You must live in the home you purchase ...
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A Hedge Against the Economy - May 20 10:49 AM
Several weeks back CNN Money Magazine predicted Rochester's housing prices to increase 2.7%, ranking it second in the country for fastest growing markets. And while that is very good news for the Rochester real estate market, there are a few things to keep in mind. First off, this is only a prediction. Second, this is a cool off of the 4 to 6% appreciation we've been seeing in recent years.As I work with buyers, especially first ...
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Recent WNY Market Reports - May 11 10:43 PM
Lockport NY
There are currently 216 active Single-family homes for sale with an average list price of $110,529.
Lockport NY Real Estate Single-family home sales report May 2008
North Tonawanda
Currently there are 101 single-family homes for sale and there are 14 pending sales in North Tonawanda with an average list price of $109,108.
North Tonawanda Single Family Market Report - May 2008
Hartland NY
Currently there is 1 pending sale and 20 active single-family homes ...
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Spring Market Has Hit Rochester, NY - Apr 02 01:24 PM
The interesting thing about a real estate blog is that when the market is slow, it is difficult to find things to blog about but when it's hot, it is difficult to find time to write. Since returning to Rochester from my mini-Easter vacation, my phone has been ringing off the hook and I've had appointments, usually more than one, each and every day. I've had three listing presentations, worked with 4 new buyers, showed property to ...
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Suffolk County 3rd Quarter Market Report - Oct 27 03:47 PM
Real estate trends vary from market-to-market, so using broad statistics doesn't usually give you an accurate assessment of what is going on in your particular market. In this Suffolk County report, you will find a sampling of six markets broken down by school district, rather than town.
On Long Island, school districts are very important to determining what's going on in the housing market, and since school district lines are cut in a unique way on ...
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Active Day on Market vs. Cumulative Days on Market - Feb 10 10:54 AM
There is an old adage "garbage in, garbage out". This applies to a lot of things in our lives but mostly I am concerned with what it means vis a vis the statistics from the Westchester MLS. Every quarter we get a statistical report summarizing, with lots of graphs, charts, year over year over year stuff. We do not have cumulative days on market in Westchester County. I do believe that there are legitimate reasons to ...
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Has Upstate New York Escaped the Housing Crisis? - May 29 09:04 PM
In December of 2007, I was telling my clients that our region was not affected by the housing crisis, as I have not been aware of any speculative investing during the past 5 years and 99% of the buyers I have served, utilized 30 year fixed mortgages for their financing. I felt that the sluggishness of our market and our bloated inventory was a direct result of the constant barrage of negative news articles fed to our population on ...
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Dutchess County, NY - Real Estate Is Holding It's Value! - Feb 18 08:02 PM
If you are a buyer who has been waiting to time the bottom of the real estate market in Dutchess County, you may have already waited way too long. The reality is - our local market is holding value. Waiting to purchase real estate here could be a huge mistake!
According to Mid-Hudson MLS, the average selling price of a home here in January 2008 was $371,990.
Compare this number to one year earlier - January 2007, when the average selling ...
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Make an offer, you never know - Feb 09 02:20 PM
You are the listing agent of a house. The house has been on the market for eight months.
The seller is an old Italian lady who insists on getting the listed price of $600K. She turned down offers of $580K before.
A young couple came to your open house. Over the next month, they visited the house for the third time and decided to make an offer for $520K, the maximum they could afford.
What are you going to do?
You told the young couple, ...
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Dutchess County NY Real Estate Market Report By Town 2006 and 2007 - Feb 01 02:21 PM
With Todays market more consumers are interested in real estate numbers. The data provided below shows real estate sale in Dutchess County by towns.
In 2007 only a few towns saw an increase in the number of units sold. Beacon, Pawling, Red Hook, Village of Pawling, Village of Tivoli and Village of Wappinger Falls (PK).
Some towns saw a big drop in the number of units sold, for example Dover units for 2006 was 74 but in 2007 only ...
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Whats all the hype that the real estate market has slowed down? - Feb 25 09:50 PM
Maybe I just go beyond what most Realtors do here in Westchester County New York or maybe I am just very lucky. It seems to me if a home seller can't sell their house, condo, coop or townhouse it one has to be overpriced or two the agent is not doing enough marketing. Lets face it, a real estate company will only do so much marketing for a single property and if it doesn't sell, most agents ...
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Long Island Homes ~ Market Trend Reports ~ February 2008 - Mar 15 10:37 PM
The following is a Long Island Market trend monthly overview featuring market trend reports from six school districts in Suffolk County and six school districts in Nassau County. The February Market Reports provide a year-over-year summary (2007 vs. 2008), in addition to a month-over-month summary.
Each monthly market report will compare and contrast the coinciding month from the previous year, as well as the preceeing monthy from this year. By the time that 2008 is completed, you will be able ...
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Columbia County NY Real Estate Report January- July 2007 - Aug 19 09:57 PM
The majority of my marketplace consist of three Counties, Columbia, Dutchess and Ulster. Some of my Clients start there search in Dutchess but ends up in Columbia County because they might get more land and house for their money.
Columbia County is another wonderful Hudson Valley location with lots to do. If you are into antique Hudson is the place to be. Germantown is along the Hudson River and just a short ride to Bard College , Red Hook ...
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Mixed Market should keep rates consistent today-7-2-08 - Jul 02 11:21 AM
After beginning the day in the GREEN, the major markets have reverted back to the RED as mixed news again today is keeping investors from long term faith in stocks. While there was a rise in factory orders, it was in line with expectations so no real news there. The private sector lost 79,000 jobs exceeding forecasts. Demand for durable goods dropped again due to pricing. GM's analyst rating was dropped from "buy" to "underperform" as it was ...
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Suffolk County 4th Quarter Market Report - Jan 14 04:05 PM
Real estate trends vary from market-to-market, so the use of broad statistics doesn't usually give you an accurate assessment of what is going on in your particular market. In this Suffolk County report, you will find a sampling of six markets broken down by school district, rather than town.
On Long Island, school districts are very important to determining what's going on in the housing market, and since school district lines are cut in a unique ...
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Dutchess County Market Report September 07 - Oct 18 12:13 AM
Sun setting over the Hudson River as seen from Norrie Point, Statsburgh, NY
DUTCHESS COUNTY MARKET REPORT
SEPTEMBER SINGLE FAMILY DETACHED
Average Price $ 428,117 a 4.5% increase over September 06
Median Price $ 340,000 a 6.8% decrease over September 06
Closed Sales 143 a 16.4% decrease over September 06, at that time 171 units were closed
Days on Market 113 a 5.6 % increase
Purchase offer at the beginning of month was 116 a 8.7% reduction over September 06
An increase was also noticed in the number of listings available at the beginning ...
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So I hope you locked yesterday-Todays Rate news - May 29 08:42 PM
Did you lock yesterday? Today's rates are up big as a result primarily of the 10 YR Treasury Note Yield rising again, showing that the 4.00% traditional benchmark may be tested. Bonds dropped significantly as a result. Another day or two will help tell the if the direction of bond prices continues downward and mortgage rates upward. Stocks were up based an upward revision to GDP results and the news that the jobless rate increased by less than the ...
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Market Report - Rochester, NY - Feb 06 09:21 PM
I was pleased to note that in the MLS today, there were more listings that went pending then expired. That wasn't the case many days in the later part of 2007. Today, 47 single family homes went pending. Average time on the market was 54 days, although I think that is high because of at least three listings on the market more than 200 days. Average list price was $106,048, with a range of $10,400 (No! ...
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The State of The Finger Lakes - Jan 10 07:02 PM
Most people think we had a wind storm yesterday. Actually, it was me on a whirlwind tour of the Finger Lakes. I had clients yesterday from Costa Rica that love summers on the Finger Lakes and so we looked at property on five of the lakes. So this seems like an excellent time to give a market report.Conesus Lake continues to offer some of the most reasonable waterfront property. Currently, there are only ten pieces of ...
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Real Estate Market Report For Dutchess County NY - November 2007 - Dec 07 03:40 PM
Unlike previous months the Dutchess County Real Estate Market in November showed a drop in both the average and median selling price for single family detached homes. This is more in line with what I would expect to see considering all the price reduction I have observed on the Multiple Listing Systems. There was also a noticeable drop in the days on market for the properties that did sell; it fell below 100 days a 16.1% decrease. The trend ...
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MARKET UPDATE - LONG ISLAND - Nov 28 10:07 PM
October 2007
The median price of homes this October as compared to October 2006 is $430,000 a decline of 2%.
The average price of homes this October as compared to October 2006 is $516,000, an INCREASE of 2.8%
Unsold inventory value is declining.
Contracts are down 22% for October, but increased September 2007 over September 2006.
Consumer web hits for MLSLI.com are at 25,000,000 (yes, that's million) per month which is over 18,000 hits per day over last year this time. This is an ...
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Westchester County, NY - Real Estate Market Report 3Rd Quarter 2007 - Nov 15 02:50 PM
Understanding The Data
Data in this Real Estate Market Overview comes from local multiple listing systems, and includes all sales made by participating real estate brokers in the local areas. The "residential" compilations include all single-family homes, but do not include non-residential properties, raw land, or condominiums and cooperative apartments.
"Total Closed Sales": all reported closed title transfers. "Average and Median Selling Price": the average or median sales price of all the reported transactions in the time period. ...
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Suffolk County Year- to- Date - Nov 01 04:54 PM
Suffolk County, NY Stats (as of 9am 11/01/2007)
Residential and Co-ops/Condos/Townhouses
Available Inventory = 14,692
YTD Closed Sales $ DOM
2007 20,282 480.2k 116
2006 24,108 458.2k 90
Sales are down = -15.9%
Price was up = +4.8%
It took 26 more days from listing to contract
October Sales:
2007 1656 @ 470.7k DOM= 123
2006 2610 @ 451.3k DOM= 97
Sales are down = -36.5%
Price is up ...
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Nassau County 3rd Quarter Market Report - Oct 27 03:41 PM
Real estate trends vary from market-to-market, so using broad statistics doesn't usually give you an accurate assessment of what is going on in your particular market. In this Nassau County report, you will find a sampling of six markets broken down by school district, rather than town.
On Long Island, school districts are very important to determining what's going on in the housing market, and since school district lines are cut in a unique way on Long ...
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Yesterday's Fed Meeting Results set tone for Market today-6-26-08 - Jun 26 11:33 AM
Yesterday's decision not to cut the bank interest rates set a clear indication to investors that the Fed Res no longer has concerns about recession, but has shifted it's worry and focus on inflation. They pretty much made it known that there won't be any rate cuts coming up and have hinted that if oil continues upward and the financial sector continues to show weakness, they may begin to hike BANK interest rates at some point ...
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Niagara County Market Reports - Apr 08 07:52 PM
WNY Market Report
Youngstown NY Single-Family Homes for Sale Market Report April 2008» Youngstown NY is in the Northwest corner of Western New York and sits on the shores of Lake Ontario. Rich in history, Youngstown is now a lovely and peaceful village which has matured very nicely through the years. The April 2008 single-family market report
Lewiston Single Family Market Report April 2008»
As of April 7, 2008 the real estate market in Lewiston NY is picking ...
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The Real Estate Market - Jan 09 05:51 AM
It is impossible to read the newspapers or watch the news show without hearing dire reports of the housing market. Talk about over saturation of a subject. To me it is like listening to the weather reports sometimes they get it right, mostly they don't and listening to it is not helpful so I don't. I am going to stop listening to all the predictions and pollsters. If you watched what happened in New Hampshire primary last ...
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Real Estate During the Holiday Season - Nov 23 01:57 PM
The time between the Thanksgiving holiday and New Years is traditionally a very slow time for the real estate market. Face it, people usually have other things on their mind than buying or selling a house. Does that mean it is better to wait till the first of the year to put your house on the market or start house shopping? Maybe not!Today, the day after Thanksgiving 2007, there are 6,275 single family houses in the ...
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Great Exposure for Your Property - May 24 10:49 AM
As a full service Real Estate Brokerage Company, RE/MAX Diversified Realty has a booth at the Windmill Farm & Craft Market in Penn Yan, NY. This not only gives our company and agents more exposure to the public, it also gives your property more of the exposure it deserves. Please visit our agents on Saturdays from 8am till 4:30pm to see how we can assist you.
...
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Dutchess County Market Report - Jan 13 09:37 AM
On Friday I woke up to this leading story in the Poughkeepsie Journal , "Dutchess home prices edge higher." I knew then that I would be hearing from some of my sellers; sure enough, before the day ended I received the calls. Since I had the article readily available I reviewed the entire article with them. The article pointed out that there was an uptick in the average price for December to $412,119 - a 7.6 percent ...
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Putnam County, 18 acres closes after being on market for 791 Days. - Dec 29 10:03 PM
4 years ago this property would have probably closed in 120 days but with buyers being so panicky it took 791 Days. The original list price was $475,000.00 but after 185 Days they raised their price to $500,000.00. This did not make much sense after not selling at the original price but they did it anyway. It was an 18 acres parcel that was partially cleared and grass. They sold the property finally for 65% less ...
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Average days on market for LAND has gone off the wall!!!! - Feb 15 10:18 AM
OK the average days on the market for the VACANT LAND in Upper Westchester and Putnam County has gotten out of hand. The property that is in contract right now has been on the market for an average of 372 Days. This is over a year and counting. And a couple of pieces that were in contract have come back on the market. Seems like my prediction of a good beginning for 2008 was a little ...
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Sales Statistics, Westchester County, New York - Jul 05 07:34 PM
This chart is from the Tax portion of the MLS in Westchester County. The number of sales are down significantly from last year to this year and the median price is also down. These numbers are for Westchester County as a whole and the sales are different area to area throughout Westchester County with some areas doing better than others.
...
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Marbletown NY Real Estate Market Report 3/16/08 - Marbletown NY Homes - Mar 16 06:38 AM
Marbletown NY Real Estate Market Report 3/16/08
Town of Marbletown NY Single Family Home / Condo & Townhouse Real Estate Market Report for the period of January 1 thru March 16, 2008:
Total Marbletown NY Single Family Homes, Condo & Townhouses available on the market 82 Price Range $99,900-$3,900,000 Total Marbletown NY New Listings during the period 35 Price Range $99,000-$2,250,000 Total Marbletown NY Pending Contracts 12 Total Marbletown NY Sold Listings during the period 4 Price Range $135,000-$1,222,000Sold Price Address City State Zip Closing Date$210,000.00 118 ...
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Harrison New York Real Estate - Westchester County MLS Realtor - The Mike Luchen Home Selling Team at RE/MAX Power Realtors - Mar 16 04:49 AM
Mike Luchen Home Selling Team#1 RE/MAX Agent in Westchester (2007)
How Can You Sell Faster, For More Money & with Very Little Hassle? Find out How by Visiting www.WestchesterRealEstateNY.com or Call 914-316-9486 and Start Packing Right Now!
Mike Has Been Featured in the NY Times, The Business Journal and on the Cover of Broker/Agent Magazine. Mike Sells What Other Brokers Can't Sell. Just Look at His Website - Find Out Why the Business Journal Refers to Him ...
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Rockland Real Estate Market Reports - Jul 03 09:57 AM
What's happening in Rockland County Real Estate ?
Market Update Reports to Keep You Ahead of the Market! All Market Reports Reflect LIVE Data in Real Time !
Bookmark this page for the latest market data,
or contact us to request this week's detailed research report!
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Scary Numbers - Jun 30 04:01 PM
In the Rochester, NY real estate market, 50 per cent of the houses that are listed in the MLS do not sell within 90 days. Just last year, only a third of the home on the market wouldn't sell within 90 days. I guess it is safe to say that Rochester has joined the rest of the country with a slowdown in the housing market.Another way to look at it, however, is 50% do sell, and ...
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Rate direction unclear today- Friday the 13th - Jun 13 11:29 AM
Stocks are up fairly big today as most analysts are predicting that based on all the latest economic news the Federal Reserve will most likely keep rates where they are in order to combat long term inflation concerns.
Factors influencing todays market and Bond rates include:Core inflation measures met expectations when excluding food and energy prices. Consumer Price Index showed an increase of .6% but core inflation was much lower at only .2%. This signals investors ...
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Today's Mortgage Rates-New York---Weeks expectations - May 06 10:17 AM
Todays rates are beginning flat , in the same range as the last couple days. Sample rates from one of the Largest Mortgage Lenders are at 5.625% for 30 year product and 5.375% for 15 year term. FHA rates are ranging the same for 30 year terms and 5.25% or approximately .125% less than Conventional rates for 15 year terms.
Expect a fairly quiet week, with small day to day changes. A few reports may sway rates, but ...
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Dubai Property - Jul 01 01:47 AM
Until a few years back, buying freehold property in Dubai was not possible for foreign nationals. Property boom in Dubai only ensued after some considerable changes were made to the emirate’s property laws. Currently, Dubai real estate sector is witnessing a rapid upward trend that’s expected to go even higher with the passage of time. Population of Dubai has grown manifold over the past few years given a sharp and growing increase in the number of ...
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Rates for Monday -6-30-2008-It's like a broken record- (for those of us who remember records) - Jun 30 09:48 AM
FINANCIALS DOWN AGAIN, AUTO MAKERS BEING HIT HARD THIS MORNING, OIL HITS NEW RECORD HIGH OVER $143/BARREL................
This is becoming a recurrent theme in the Stock Market lately. Once again there is big concern that losses will continue to mount and price increases will soon be passed on to the consumers in all commodity sectors. Iran threatens Israel and and a key passageway to the Persian Gulf which has added to the already chaotic atmosphere in the ...
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Yes there was an interim daily rate change-6-2-08 - Jun 02 07:23 PM
Bonds ended much higher at day's end as the Stock Market suffered a huge loss. Some of the data released today probably would have had much less of an impact, but bad news again in the Financial arena shot stocks downward. Earlier I had mentioned that there may a rate change at some point during the day, and there was ---rates reacted to the terrible stock market results as Bonds rose and the 10 YEAR T-Note, dropped ...
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Who says the market is bad!!!!! - Jun 02 03:49 PM
It's amazing how many people that I speak too on a weekly basis and they all tell me (the REALTOR)how bad the Real Estate market is here in Brooklyn NY. When I tell them that they can't be more wrong I get the same puzzeled look from all of them. I tell them all if you must read the newspapers make it local, If you must go online for your news make it local. don't listen to ...
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Float vs. lock--Today's new York Mortgage Rates-5/21/08 - May 21 03:31 PM
Stocks are again down and uneasy investors have also driven the bond market down triggering slight increases in rates today. It is predicted that the market will continue to see a downtrend and this will eventually take the investors out of stocks and into bonds. Rates may begin to fall based on increased bond investment. There are no big "market influencers" over the next few days. Keep your eyes on the stock market and accordingly bond prices. A ...
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Today's Mortgage Rates in New Tork-5/16/08 - May 16 11:05 AM
As expected, today's rates are down considerably from yesterday. This is do primarily to the new high that oil reached yesterday along with very weak US Consumer Confidence Index figures posted by the University of Michigan. The figure was the weakest since 1980 (aside from the post Iraq invasion days and the days just after 9/11/2001). As a result, bond prices are up and rates down roughly .25-.375 from yesterday.
Next week's influences are light, with ...
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FINALLY TWO MORE PIECES OF VACANT LAND SELL!! Putnam County, New York - Jan 19 03:06 PM
January 4th, finally two more vacant land sales in Putnam County, New York. Each was Board of Health Approved. One was on the market for 380 Days. The other was on for 648 Days, WOW. This seems to be the trend as of late. More and more vacant land taking over a year to finally close. The first one only started at a price of $200,000.00 but took over a year to close at $180,000.00. So ...
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Staten Island Real Estate for "2008" look very promising. - Jan 19 01:23 PM
Well here goes another new year in the real estate business. In my backyard of Staten Island things look pretty good, although our local newspaper predicts doom and gloom. That's the problem with national statistics, they become local statistics real fast, even though local sales are doing better than the national average. I'm seeing meager price drops, not big decreases, and our local MLS is showing only a small adjustment from last year. Nothing that's going ...
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Marketing Report for homes in Town's of Crawford, Mamakating & Shawangunk in Pine Bush Schools - Jun 24 04:54 PM
Homes that have sold since January 1, 2008
Address Sold Price Sold Date
628 Lakewood Road $ 43,000 03/31/2008
3762 NYS RTE 52 $ 38,000 04/02/2008
17 Indian Trail $ 94,566 04/10/2008
29 Johns Estates Road $150,000 02/25/2008
1255 Burlingham Road $115,000 02/21/2008
70 Indian Trail $155,000 01/15/2008
88 Johns Estates Road $160,000 04/09/2008
3203 New Prospect Road $212,000 ...
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Marketing Report for homes in Town's of Crawford, Mamakating & Shawangunk in Pine Bush Schools - Jun 24 04:48 PM
Homes that have sold since January 1, 2008
Address Sold Price Sold Date
628 Lakewood Road $ 43,000 03/31/2008
3762 NYS RTE 52 $ 38,000 04/02/2008
17 Indian Trail $ 94,566 04/10/2008
29 Johns Estates Road $150,000 02/25/2008
1255 Burlingham Road $115,000 02/21/2008
70 Indian Trail $155,000 01/15/2008
88 Johns Estates Road $160,000 04/09/2008
3203 New Prospect Road $212,000 ...
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June Market Reports for Western New York - Jun 20 05:48 PM
Some of the most popular things I write are Market Reports... Here are some of Market Reports I have done in June....
UB Area Multi-family Market Report - June 2008
Tonawanda Homes Sold in Tonawanda NY - January 1, 2008 - June 19, 2008
Allentown Least Expensive Listed Homes June 2008
Niagara Falls Least Expensive Multi-family homes June 2008
Wurlitzer Park N. Tonawanda NY Market Report June 2008
Forest Heights, Williamsville - Market Review June 2008 ...
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So, there were a few changes today-Rates end up-Thursday 6-19-08 - Jun 19 04:32 PM
Well, my early prediction that there may be interim rate changes actually happened. After a slight AM improvement to rates, the afternoon has reversed the morning reduction and we are seeing PAR rates on the 30 year conventional loan at 6.25% and on the 15 yr, 5.875%. Markets were mixed all day with news from the Philadelphia Fed that manufacturing showed a drop in demand and an increase in commodity pricing. Bonds fell as the 10 year T ...
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Rates are a little lower today Tuesday 6-17-08 - Jun 17 02:41 PM
The afternoon has produced a rate drop near .250%. This is primarily due to bond strength (up about 5/8)as the PPI released today was higher than expected, but the increase was concentrated on food and energy sectors...the core remained within expectations so this is a signal that inflation may not be as "imminent on the horizon" as investors have been fearing but with energy so unpredictable, there is still longer term concerns which keep bonds in ...
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Market Reports for the week of June 13, 2008 - Jun 13 10:09 PM
WNY Market Report
Creekwoods in Amherst Market Report for June 2008»
Creekwoods is a community in Amherst that has a mixture of multi-family and single-family homes to select from. A quick commute to Niagara Falls and Buffalo make it an ideal location for those that work in either city.
North Tonawanda Market Report for June 2008 Single-family homes for sale»
In the time period January 1, 2007 to June 14, 2007 there were a total of ...
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The Real Estate Rollercoaster... 1890-Present - Jun 13 08:51 PM
Have you ever heard people that their experience "was a real roller-coaster ride"?
Well, to see if housing prices really were a roller-coaster ride this video was created based on the inflation-adjusted index. The info was based on sales of existing homes from 1890-2007.
It gave me the sensation (towards the end) that things are finally leveling off. Check it out.
To find the value of your home with a FREE, over-the-net ...
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The Bottom of the capital district market - Jun 12 07:35 PM
Buyers and sellers of real estate are trying to judge the bottom of the market. The optimistic seller still wants to get 2005 and 2006 prices where the buyer listens to national news and trys to steal properties. Of course I am of the opinion neither is correct. The Capital District and the surrounding communities never experienced the huge mountains and valleys of other markets. The interesting capital district realtor game is trying to bridge the ...
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Another day to Lock-Today's rates -6-2-08 - Jun 02 11:00 AM
Rates are again pretty much flat from Friday this morning. However, based on two reports released today, Bonds are now up and the 10 YR. Note went backwards to 4.04%, much lower than it's high just a few days ago of 4.10%.
May's Manufacturing Index showed the 4th straight monthly decline and Construction spending dipped again in May for the 6th time out of last 7 months. This news along with news that Wachovia CEO has ...
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Rates ended slightly lower than they started the day - May 30 04:04 PM
As has been evident over the past few weeks rates are up and down. At the start of the morning, the market was reacting fairly positively to the economic news of the day and week. Rates were steady with yesterday at days start, and as the market further digested the data, bonds ended the day up. So this type of activity is predicted for the immediate short term. There could be more than one rate change in ...
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You may want to consider short term locks-New York Fixed Mortgage Rates-Today 5-23-08 - May 23 03:03 PM
Today's stock market is way down in response to new oil highes and lower Holiday and Summer driving expectations. So as generally happens when stocks go down, Bonds are up. It seems that investors are still wary that the economy has reversed negative trends. They are shifting away from Stocks and into Bonds today. Rates are likely to react in a positive way , but not significantly.
You should expect a lot of market relevant economic ...
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Market Conditions for Ulster County, NY - May 19 05:32 PM
Let's compare data from the first of the year to the same period last year:The number of units sold from 1/1/08 through 5/1/08 is down 32% compared to the same period last year:Units sold '08: 277Units sold '07: 409Sales volume for the same period is off by 33%:Sales volume '08: $80,491,975Sales volume '07: $120,964,441Average prices throughout the county are more or less the same:Average price '08: $290,585Average price '07: $295,757Foreclosures are certainly up, though I have ...
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Open This Week - May 17 09:36 PM
Tomorrow concludes the Liliac Festival for 2008 but the peonies are about to pop at Highland Park. If you are like me, you might prefer to wait until the crowds are done to go see the park and so I've encluded a list of open houses for your Sunday afternoon. The hottest real estate in town these days are homes priced for less than $125,000 and so that's what is on this week's list. Open House Report
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Today's New York rates-5/15/08 - May 15 11:52 AM
Rates are pretty much where they left off yesterday. Current 30 yr fixed are at 5.75% and 15 year rates at 5.5%. FHA rates may be 1/8 better or so but are very consistent with Conventional rates. Bonds are up slightly which probably won't affect rates much today. Mixed market signals are not allowing rates to drop in conjunction with bond increases. New unemployment results show an increase in new claims but that the number is ...
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Next Weeks Mortgage rates - May 03 12:11 PM
Most of the experts out there that provide rate analysis still believe that it is wise to float in both the short term and somewhat long lerm...Keep your watch primarily on the bond market. Weakness in stocks will shift rates downward. Next week really doesn't have much in store that will provide large rate variances. Monday may provide the largest change, but after that it should remain on the quiet side..........keep in touch with your Mortgage ...
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..."STAT OF THE DAY" PROVIDED BY MILLER SAMUEL, INC - Apr 30 04:57 PM
Well, the Hamptons made the news today--big time....The New York Observer reported in their " Stat for the Day" REALESTATE column, the official 1Q 08 sales figures for The Hamptons and The North Fork of Long Island, NY.
Miller Samuel, an independent residential real estate appraisal and consulting agency, released their analysis for the first quarter of 2008, and it was quite something:
1st QUARTER 08 HAMPTONS/NORTH FORK MARKET OVERVIEW
The most striking characteristics are the rise in ...
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help for home owners with mortgages - prevent foreclosure - Important information - Apr 24 06:48 PM
BUSH ADMINISTRATION TO EXPAND MORTGAGE HELP FOR STRUGGLING FAMILIESExpanded FHASecure able to help half a million homeowners stay in their homes by cutting mortgage payments WASHINGTON – The Bush Administration today announced additional mortgage assistance for subprime borrowers who are at risk of foreclosure. The plan, which is designed to help address the adverse economic conditions affecting many communities across America, will help break the cycle of house price depreciation that is being caused by an ...
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4/22/08-Todays Mortgage Rates in New York - Apr 22 01:26 PM
This mornings bond market opened higher which generally translates into lower rates. So far this morning rates are down by .25-.375, depending on term and product.
Thursday appears to be the day that we may see more fluctuation in rates. Two key indicators will be released then and depending on those results, the bond market and thus rates will once again reflect the current economic concerns.
Call your Mortgage Broker for the best advice on when to ...
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Homebuyers: How to Save Thousands of Dollars When You Buy - Apr 21 09:58 PM
If you're like most homebuyers, you have two primary considerations in mind when you start looking for a home. First, you want to find the home that perfectly meets your needs and desires, and secondly, you want to purchase this home for the lowest possible price.
When you analyse those successful home buyers who have the experience to purchase the home they want for thousands of dollars below a seller's asking price, some common denominators emerge. ...
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New York City/Manhattan Real Estate Market - Apr 20 05:54 PM
The 10 year (1998-2007) Manhattan Market Report and the First Quarter 2008 Report have been released. Contact me for information on how to view this report online!
It is a great time to buy and sell in Manhattan. International investors are active in our market and new construction is booming. For more information on the NYC real estate market, feel free to contact me today.
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Ghaziabad Properties more affordable now-get 2 lacs discount on original bookings - Apr 16 08:58 PM
Properties in Ghaziabad are attracting special attention from the investors as this in an area in Real Estate market of Delhi NCR which is still affordable. Parsvnath is one of the major developer who has come up with three luxury apartment projects. After successful launch of Regalia and Sterling. Parsvnath has come up with most sophisticated residential complex named Parsvnath Exotica.
Parsvnath Exotica provides superb connectivity to other areas in Delhi NCR area as it is located ...
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Do you want buy kitchen countertop directy from china stone factory ? - Apr 15 10:02 PM
Do you want buy kitchen countertop directy from china stone factory ?
The price will give you pleasantly surprised.
Countertops come in many different materials, shapes, and styles. With all the choices out there, you'll want to make sure you know what your options are.We have provided some pictures of the most popular countertop materials, shapes, and styles for your selected. counter top Side Processing Method; counter tops size(common size) customers' requests.
derivation: http://www.allystone.net/china-stone-product/KTC0003_Kitchen-countertop.html
Payment Details:Payment Terms:L/C at sight or ...
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Orange County, New York, Quality of Life Report - Mar 21 04:00 PM
2007 Quality of Life Report for Orange County
The Orange County Citizens Foundation published the first-ever Orange County Quality of Life Report in September 2007. This bi-annual report establishes and track community indicators that help determine where we are as a community, where we are going, and what areas need attention.
We hope the community - including policymakers, government officials, business leaders, and individuals - will use the information contained in this report as a ...
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Didn't Sell Your Home The First Time? - Mar 20 06:04 PM
Homes I sold that did not sell with other agents!
I HAVE SUCCEEDED WHERE OTHERS HAVE FAILED!
203 Lancashire Pl........SOLD in 8 Days
1165 Parkwood Blvd.....SOLD in 7 Days!
1525 Union Street........SOLD in 11 Days!
1051 St. Anna Drive.....SOLD in 3 Days!
Other Homes Sold By Christine Serafini
1851 Central Parkway....SOLD in 21 Days!
2955 Consaul Road......SOLD in 36 Days!
869 Harris Drive...............SOLD in 14 Days!
1112 Phoenix Avenue...SOLD in 6 Days!
1275 Tracy Avenue.......SOLD in 21 Days!
If you still have an interest in selling your property, but ...
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Pine Bush Schools sales comparrison 2006 vs 2007 - Mar 17 03:15 PM
Marketing Report for Pine Bush Schools which serves parts of the Town of Crawford, Mamakating, Shawangunk and Wallkill 2008. This marketing report is for single family residence including duplex homes and Condo/townhouse
If you are considering selling or buying in Orange, Ulster and Sullivan Counties, you deserve a local realtor to give you their expertise and advise, please feel free to call Team RJ for any real estate needs.
...
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Sales Comparisons 2006-2007 Pine Bush Schools - Mar 17 03:12 PM
Marketing Report for Pine Bush Schools which serves parts of the Town of Crawford, Mamakating, Shawangunk and Wallkill 2008. This marketing report is for single family residence including duplex homes and Condo/townhouse
If you are considering selling or buying in Orange, Ulster and Sullivan Counties, you deserve a local realtor to give you their expertise and advise, please feel free to call Team RJ for any real estate needs.
...
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The Real Skinny on the Real Estate Market in My Area - Mar 03 05:55 PM
Yesterday I went to the store and my husband asked me to pick him up a copy of The Post Star newspaper. I prefer reading the Times Union, so I purchased that as well. I should have been shocked when I read the lead story in the Post Star, but I was not. I know that bad copy sells newspapers. The lead story had a for sale sign-like image reading "Foreclosure". The essence of the story ...
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Things Are Heating Up - Feb 27 05:43 PM
I wish I was talking about the weather heating up. It was cold today, never getting out of the teens. But it was pretty! The overnight snow really stuck to the tree and so I drove through Highland Park and grabbed a few shots.Real estate does seem to be heating up. Two weeks ago I lost a deal to multiple offers. There were three offers, including ours. That hasn't happened in a while. I talked to ...
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Schenectady County -What Is My Home Worth? - Feb 25 08:29 PM
A home ultimately is worth what someone will pay for it. Everything else is an estimate of value. To determine a property's value, most people turn to either an appraisal or a comparative market analysis. An appraisal is a certified appraiser's estimate of the value of a home at a given point in time. Appraisers consider square footage, construction quality, design, floor plan, neighborhood and availability of transportation, shopping and schools. Appraisers also take lot size, ...
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Relocating to Syracuse...Relocating to F-M Schools - Feb 25 07:36 PM
IF you are considering a move to the Syracuse area or CNY, I have assisted many clients just like you. I can provide you with information on communities like Onondaga Hill, Fayetteville, Dewitt, Manlius, Jamesville, Camillus, Liverpool, Skaneateles, Baldwinsville or Cicero. I have found many people moving to Central New York look specifically for Fayetteville-Manlius (F-M Schools) or Jamesville-Dewiit (J-D Schools), but there are so many other great school districts like Westhill schools, West Genesee Schools, ...
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Westchester County Real Estate - Feb 22 10:27 PM
Westchester County Real Estate Expert. The Mike Luchen Home Selling Team at REMAX Power Realtors. Who is Telling You the Westchester County Real Estate Market has Slowed Down? With Over 50 Homes Sold by Mike Luchen in 2007, The Real Estate Market is Better Than Ever! Mike Luchen will Sell Your Home, Condo, Coop or Townhouse in Harrison, Mamaroneck, Scarsdale, White Plains, Purchase, West Harrison, Port Chester, Rye Brook, Rye, New Rochelle New York Faster, For ...
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How to sell your own home - Feb 18 05:46 PM
Thank you for joining us. So you want to sell your home on your own?
That's ok, here's what you're going to need. I have broken it down to 3 simple steps.
1. Price
The first step and the most critical will be to choose the right price for you. There are a few ways to obtain this. You may go online, go to open houses or check out homes in magazine to see what similar ...
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Has the Westchester County Real Estate Market Really Slowed Down? - Feb 17 10:22 PM
No Way!
Westchester County Real Estate Expert. The Mike Luchen Home Selling Team at REMAX Power Realtors.
Who is Telling You the Westchester County NY Real Estate Market has Slowed Down?
With Over 50 Homes Sold by Mike Luchen in 2007, The Westchester Real Estate Market is Better Than Ever!
Mike Luchen will Sell Your Home, Condo, Coop or Townhouse in Harrison, Mamaroneck, Scarsdale, White Plains, Purchase, West Harrison, Port Chester, Rye Brook, Rye, New Rochelle New ...
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Long Island Homes ~ Market Trend Reports ~ January 2008 - Feb 16 10:52 PM
As of this month, at the suggestion of fellow Active Rain members, I have transitioned from quarterly market reports to monthly market reports. There is a lot of ground to cover on Long Island, so I have chosen six school districts from Suffolk County and six school districts from Nassau County to follow on a monthly basis. The January Market Reports provide a year-over-year summary (2007 vs. 2008). As the year progresses, these reports will feature ...
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Upper Westchester and Putnam County land sales update! - Feb 11 04:59 PM
Well it looked like land sales were going to pick up, but so far only five of the 18 pieces of land that were in contract have closed. There always seems to be a problem getting vacant land deals to close in a timely fashion. Most of them are waiting on final approvals that seem to take forever. The rest seem to have no reason not to close. The Attorney just drag them out.
Visit my web ...
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Capital District NY Real Estate Market Conditions - Feb 10 09:38 PM
What is the Current Capital District, NY Real Estate Market Condition?
The Capital District NY area real estate market in 2007 was probably closest to a "balanced market". Home prices generally leveled off from the significant price increases during the 2002 to 2005 period. In some price ranges the prices are correcting downward slightly. Average days on the market were up slightly from 2006. In 2008, there is an adequate suppley of homes on the market and with fixed ...
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