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HousesClosings 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 a dismal reporting period, but with an up-beat tone, since each quarter saw progressive ...

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 ...

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 wear do-rags, or throw up finger signs. They definitely are not sittin on 20’s. ...

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 ...

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 ...

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 strong credit histories who had been making timely mortgage payments before their loans ...