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HousesClosings 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 reflect activity that occurred the Fall of 2009. Realtors remain optimistic that a ...

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 provides for a $8,000 tax credit that would be available to first-time home buyers ...

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 opportunities for local initiatives in many areas, including housing. Below is a summary of ...

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 getters. Here are the worst offenders. Did these people make your list? I bet you ...

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 parameters of the law, lenders must give homeowners at least 90 days warning prior to ...

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 on fraudulent brokers and lenders. They will also make sure homebuyers have honest and ...

The Emergency Economic Stabilization Act of 2008 was signed by President Bush into law on October 3rd, 2008.   The Bill Will Help Homeowners and BorrowersThe Senate legislation responded to the criticisms that lenders have been slow and/or unwilling to work with homeowners and borrowers. It encouraged negotiation in short sales and ...

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 which caused the stock prices to plunge.  What would happen if they collapsed? The ...

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 Housing Administration (FHA) and government sponsored enterprises (GSE) mortgage limits in ...

If you missed purchasing a brownstone in Harlem in the 1990’s and are kicking yourself now, don’t feel alone. Plenty of your neighbors missed the same boat. But you have a chance to catch the next one headed for Yonkers. Yonkers has a $3 Billion dollar plan to revitalize the waterfront along the Hudson River shoreline. Developers ...