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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 ...

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.FEATURE Jan 1, 2009 – November 30, 2009December 1, 2009 – April 30, ...

Westchester County NY reported a 9.7% decrease from last year’s 3rd 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 news if it weren’t for the abysmal performance of the market in the first two ...

News from our friends at Thoroughbred Mortgage says that effective 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 the loan has to close by that date," says Mortgage Consultant Gail ...

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 ...

“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 know if you will get a better offer.” This is a conversation I actually had with a home ...

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 ...