April 23, 2013 rummy

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. As an example, the National Association of Realtors revealed, relative to last year, year-to-date new home sales are up 19%. These ‘shiny’ new homes will again become competition as they can be an attractive alternative to many of today’s home purchasers. Here are the numbers regarding new construction about to come to market from the Census Bureau: BUILDING PERMITS Single-family authorizations in February were…

March 6, 2013 rummy

New York Short sale where home sit on market for 3 years they are suffering through some of the challenges the rest of the country had over the past couple of years right now and will continue for the next 12 to 18months. Right now in Westchester and Bronx Real estate we still are suffering with 7 to 8 months of inventory. Some of the town are moving faster then other our tam just put up home for sale $950, 000 thousand in White Plains NY with in days we have 10 showing. But majority of the Westchester there are…

March 1, 2013 rummy

Italian Uncertainty Helps Mortgage Rates The biggest influence on mortgage rates this week came from the Italian election, which reignited investor concerns about Europe and prompted a flight to safer assets. Fed Chief Bernanke continued to show strong support for the Fed’s bond buying program, which was also positive for mortgage rates. As a result, mortgage rates ended the week lower. Monday’s election in Italy showed very close results between the top three candidates, and it will be very difficult to establish a coalition government when no party has a majority. A long period of negotiations will take place, and…