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Thursday, May 06, 2010 10:53 PM

Westchester Market Report 1st Qtr 2010

Houses Closings were up 77% to 756 closings for single family homes in Westchester County in the first quarter of 2010. Prices were also up 13% respectively for the same period in the county, making the median price for a new house $599,500. These closings
Posted by Rey Hollingsworth Falu | 0 Comments
Sunday, December 06, 2009 7:29 PM

Homebuyer Tax Credit Changes in 2010

Obama signs bill in November extending and expanding the $8000 first time home buyers tax credit. The modifications in the column labeled “December 1,2009 – April 30, 2010” became effective Nov 6, 2009. Here is an outline of the changes.
Posted by Rey Hollingsworth Falu | 0 Comments
Thursday, October 29, 2009 8:33 AM

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
Posted by Rey Hollingsworth Falu | 0 Comments
Tuesday, April 28, 2009 7:50 AM

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
Posted by Rey Hollingsworth Falu | 0 Comments
Thursday, March 26, 2009 9:55 AM

$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
Posted by Rey Hollingsworth Falu | 0 Comments
Monday, March 23, 2009 9:14 AM

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
Posted by Rey Hollingsworth Falu | 0 Comments
Sunday, February 22, 2009 6:38 PM

10 People to Blame for the Financial Crisis

How did the world’s most powerful economy get so bad? TIME Magazine published their list of people their readers think should carry blame for the current financial crisis. The list was voted on by Time magazine readers and contains the top ten vote
Posted by Rey Hollingsworth Falu | 0 Comments
Thursday, February 05, 2009 5:57 PM

2008 Westchester Market Report

“Please stop screaming sir. Yes, I didn’t expect the market to decline this much either. Yes, I have seen the news. Yes, I know the offer is not what you wanted, but I think it’s time to seriously consider selling now. I don’t
Posted by Rey Hollingsworth Falu | 0 Comments
Monday, November 17, 2008 2:13 PM

Foreclosure Prevention Resources for New Yorkers

The NYSAR-supported Subprime Lending Reform Bill (Ch. 472 of 2008) was signed into law by Gov. David Paterson. The measure revamps the state’s foreclosure laws and implements a series of reforms to prevent a similar crisis in the future. Under the
Posted by Rey Hollingsworth Falu | 0 Comments
Monday, November 03, 2008 12:36 PM

VOTE – Obama or McCain

Here are the candidate's plans as they relate to home ownership and housing. I copied them straight from their websites, without editing. Obama’s Plan – Source: http://www.barackobama.com/issues/economy/ Obama and Biden will crack down
Posted by Rey Hollingsworth Falu | 0 Comments
Monday, October 06, 2008 11:01 AM

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
Posted by Rey Hollingsworth Falu | 0 Comments
Tuesday, July 29, 2008 7:26 AM

What Happens if Freddie Mac and Fannie Mae Fail?

Freddie Mac and Fannie Mae are the two largest private corporations that own or back more than half the mortgage debt in the U.S. which amounts to more than $5 trillion. They recently became in danger of being insolvent due to lack of investor confidence
Posted by Rey Hollingsworth Falu | 0 Comments
Monday, March 03, 2008 3:02 PM

Economic Stimulus Act 2008 Signed

February 13, 2008 President Bush signed the Economic Stimulus Act of 2008 into law. The act hailed by the National Association of Realtors should give a much needed boost to the housing market. The new act raises the loan limits guaranteed by Federal
Posted by Rey Hollingsworth Falu | 0 Comments
Saturday, September 01, 2007 9:36 AM

Bush Implements FHASecure for Delinquent Home Owners

George W. Bush announces that HUD's Federal Housing Administration (FHA) will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure plan, FHA will allow families with
Posted by Rey Hollingsworth Falu | 0 Comments
Tuesday, June 26, 2007 1:21 PM

The Vista – Fleetwood’s New Condominium

Affordable condominiums have been a rare commodity in lower Westchester. Buyers who didn’t want the expense or maintenance of a house had to turn to coops as their only ownership option. The Vista, the first new condominium development in the desired
Posted by Rey Hollingsworth Falu | 1 Comments
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