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New Income Thresholds for STAR Exemptions in 2011

New York State's School Tax Relief (STAR) Program provides property tax exemptions (also known as homestead exemptions) for New York homeowners. Starting in 2011, Basic STAR is available to anyone who owns and lives in his or her own home and earns

Dodd-Frank Consumer Protection Act is Law

President Obama singed the Dodd-Frank Wall Street Reform and Consumer Protection Act in July 2010. The humongeous bill increased oversight of financial institutions and creates the new Consumer Financial Protection Bureau to regulate and help Americans

2009 AskRey Westchester Market Report

Houses Closings were down 12% to 3,358 closings for single family homes in Westchester County in 2009. Prices were down 11% respectively for the same period in the county, making the median price for a new house $580,000, just above prices in 2003. Normally

Westchester Market Report 2009 3rd Quarter

Westchester County NY reported a 9.7% decrease from last year’s 3 rd quarter home sales transactions. The median sale price of a single family house in Westchester was $630,000, a decrease of $80,000 or nearly 11% from last year. This would be horrible

Home Equity Theft Protection Act

I’m a hustler baby. I just want you to know. It ain’t where I’m from, but where I’m about to go. I wish all hustlers would approach me singing Jay-Z, so I know clearly who I’m dealing with. But they don’t. They don’t

Tax Grievance - Lower Your Taxes By June 16th

The time frame for challenging real property tax assessments in Westchester is June 1st to June 16th (confirm with your town) . You can have your property taxes lowered, if you challenge the assessments by June 16th. If you miss the deadline, you must

Westchester Market Report - 2009 1st Quarter

Westchester County NY reported a 31% decrease from last quarter’s home sales transactions. The median sale price of a single family house in Westchester was $532,000, a decrease of $90,500 or nearly 15% from last year. The decrease was attributed

Westchester Loan Limits Rise to $729,750

News from our friends at Thoroughbred Mortgage says that e ffective Monday, April 27th, conforming high balance loan limits in Westchester County will be $729,750. "This is temporary and these limits will expire on June 10, 2010. That means that

Pelham Seller Gives Away a Hybrid!

The Westchester real estate market has picked up quite a bit recently. We have all heard the reports about the poor state of the market in recent months. Multifamily properties have been hit especially hard, with transaction volume down almost 60% last

$8000 Homebuyer Tax Credit: Use It or Lose It

Buyers. You can get an $8000 tax credit if you buy your home in 2009. It's called the Homebuyers tax Credit and it is one of 10 key provisions of the American Recovery and Reinvestment Act signed by President Obama into law on Feb. 17, 2009. The bill

Congresswoman Nita Lowey (D-NY) Reports on $24.6 BB to New York

New York is expected to receive $24.6 Billion in funds from the recently passed American Recovery and Reinvestment Act, signed into law by President Obama. New York Congresswoman Nita Lowey met with the Westchester Hispanic Chamber of Commerce to outline

Bailout Bill – How It Effects Real Estate

The Emergency Economic Stabilization Act of 2008 was signed by President Bush into law on October 3 rd , 2008. The Bill Will Help Homeowners and Borrowers The Senate legislation responded to the criticisms that lenders have been slow and/or unwilling

Cost Vs Value 2007 Report - Where to Spend Your Dollar?

You may be considering a renovation within the next year. Perhaps you will be fixing up the house to sell. Perhaps you may want to enjoy the upgrades yourself for a few more years. Either way, you should have a budget. You want to get the most value out

Child ID Program - Thank You Masons

If you have children in your life that you know and care about, then you will want to know about the Masons Child ID Program (CHIP). As a great service to the community, the Masons have gotten together with law enforcement to develop a quick and easy
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