Archive for the ‘rockland real estate’ tag
Stony Point Bi-Level with additional building could be studio
(You Tube video … coming soon )
.
Stony Point Bi-Level
Incredible value with separate building
$419,900: Stony Point Bi-level - Incredible value on prime home.. Raised Ranch - approx 2400 sq ft..4/5 bedrooms with home office. 3 full baths. Totally renovated kitchen with granite countertops and stainless steel appliances. Family friendly neighborhood close to park. Unique bonus - barn with recreational room on upper level ( approx. 900 sq ft. with heat) and additional workshop/garage on lower level. (approx 900 sq.ft. with heat) and additional workshop/garage on lower level. Comfort, convenience and safety (central air,vac,alarm). Fenced level prop. x
Contact at 845-268-2842.
Contact at 845-268-2842.
Suffern Condos & Coops - Rockland County Real Estate
Suffern NY Co-op for sale 2BR/1.5 Baths
Immediate occupancy. Move-in ready. Freshly painted with neutral colors. All hardwood floors newly sanded and gleaming. Fantastic closet storage big enough to serve as a mini office. Pool/Tennis/Tot lot. Storage area available as well. Convenient to all major highways, transportation and shopping. Laundry & storage in building next door.
x
Call Angela Chan at 914-420-7500
.
View of the Interior of the Unit
.
View of the street around the unit
.
View of Bon Aire Park/Tennis/Tot Lot
View of Town of Ramapo Park
(walk there from your unit)
.
.
Rockland Real Estate Market Activity thru May 2009
x
ALL OF ROCKLAND COUNTY MARKET REPORT:
x
Jan - May 2009 Market Update
(updated in Jun.09)
x
Click here: or on the Image to the left for the full
view of the most recent market activity.x
x
x
- Nanuet Market Report
x
x
(updated in Jun.09) Click here: or on the Image to the left for the full
view of the most recent market activity.
x
THE HAMLETS OF NANUET NEW YORK ACTIVITY
The Hamlets - All Properties For Sale in 2009
The Hamlets - All Properties SOLD in 2009
The Hamlets - All Properties For Sale in 2009
The Hamlets - All Properties SOLD in 2009
Jan - May 2009 Market Update
(updated in Jun.09)
W.Haverstraw Short Sale - Opportunity Knocks !
Click the Photo For a Virtual Tour
$219,900: Short Sale - bring your offers
Central A/C
Appliances:
Dishwasher
Refrigerator
Stove/Oven
Washer Dryer
Laundry area - inside
Balcony, Deck, or Patio
Garage parking Guest parking
Close to shopping/transportation
Rockland Real Estate consumer confidence
Will spring showers melt away the big bad witch of fear?
* A declining stock market which needs time to rebound from its losses
* Retirement accounts dwindling
* Skyrocketing unemployment ~ and more layoffs or job cuts this year.
* Home prices and home sales have declined year after year since August 2004 and according to the National Association of Realtors, the greatest price decline since 1968. This all translates to markets and consumers who are seeking safety.
We’ve all heard the news, both the bad and the good. The negative news is outlined above, including how difficult it is secure mortgage money right now. The more positive news is that truly, and historically, this is one of the best times in decades for anyone to purchase real estate. Low mortgage rates, (the lowest in 50 years) tax incentives, and perhaps more on the horizon. People everywhere are hoping that these efforts will serve to stabilize our housing market and help create that elusive CC.
If you are a frequent visitor to this site, you know that I continually harp on the importance of properly pricing your property so that it is positioned well in this incredibly competitive market. You also know that we have been tracking inventory. Declining inventory serves to stabilize home prices. So … as usual, we will be watching the next three (3) to six (6) months closely. It will take that amount of time to see if “the buyers are back”.
December 2008 - Market Update Report
Rockland County Real Estate Marketing
How Will We Market Your Property ?
When you click on the above link it will take you to a password protected page.
Please ask the agent with whom you are currently working to provide the code for you.
First Time Homebuyer Credit update
I thought this was a terrific article written by a fellow Broker/Owner Rick Hauser ABR GRI,
Managing Broker/Owner Hawthorn Woods , IL …
Thanks Rick for the opportunity to repost it.
___________________________________________________________________
Late yesterday - the House passed the $819 billion stimulus plan, which included a modified first time homebuyer tax credit. The Senate may vote on its version of the bill sometime next week.
The bill is changing the terms of the $7,500 tax credit that was issued as a part of the Housing Recovery Act, which Congress passed last summer.
Previous legislation required that the tax credit be repaid over 15 years, making it more of a no-interest loan. Not surprisingly, the measure had little impact on the market. The stimulus bill now under consideration would make that tax credit a true credit that doesn’t need to be repaid.
NAR estimates that there could be a 10% increase in home sales if it’s implemented - giving people who are sitting on the fence or who have inadequate funds for closing costs an incentive to act now. NAR thinks that a 10% increase would yield an extra half million sales this year.
To be eligible, buyers cannot have owned a home for the past three years, and the new home has to be used as a primary residence. The credit phases out as income rises above $75,000 for singles and $150,000 for couples, and disappears entirely at $95,000 and $170,000, respectively.
Applying for it is easy, or at least as easy as doing your income taxes. Just claim it on your return. That’s it. No other forms or papers have to be filed.
Both the Senate and the House versions of the new act remove the requirement that buyers repay the credit. The Senate bill applies retroactively to any purchase completed between January 1, 2009 and the end of August. The House version is also retroactive to the start of the year, and expires at the end of June. As long as buyers don’t sell for at least 36 months, they keep the money.
And the credit is refundable, meaning that it can be claimed even if the amount of the credit earned exceeds the buyer’s tax liability. So even if your total tax bill comes to just $5,000, you can still qualify for a full $7,500 refund.
THe theory is that First time buyers who purchase from existing homeowners free those sellers to trade up to bigger, better houses. But many exsiting homeowners are not trading up anymore.
Buyers should be aware that they won’t actually receive any refund for a home purchased this year until after they file their 2009 income taxes in April 2010.
Some argue that the credit is poorly targeted because it goes to every first-time buyer, not just the ones who wouldn’t buy without it. So, it merely provides a windfall for many people who would have purchased anyway. I believe that interest rates are still too high to stimulate things as much as they need to be stimulated. 6 months ago - there was talk that the government was going to figure out a way to get rates to drop in the 4.5% range or less. That hasn’t happened. Rates are still in the 5’s.
I believe that patchwork stimuluses in this multi-billion dollar package isn’t the answer - though this well help. Getting rates to drop is the answer - and answer that we’ve all been waiting for for a long time now.
The $7,500 tax credit, regardless of the details, does nothing to address the issue that’s holding some buyers back - the suspicion that prices are going to keep falling. That said - when we negotiate on a home for our buyer clients - we build in a large buffer factor for to cover that very issue. I’m having one of my busiest January’s in a long time…Though I kinow that other agents are suffering. My clients aren’t holding back at any rate…. I’ve written up a couple of purchase contracts this week - and we are in negotiations for some serious price-off…
I suggest that the government may want to think about making it available to all homebuyers, not just first-timers. And have the credit last through the end of the year, at least. But the biggest thing that could be done is to drop rates. As we all know - rates are inversely related to prices.
Existing-Home Sales Improve In December ‘08
Rockland County NY Market Update
Below is an except from a report recently generated by Lawrence Yun, chief economist for the National Association of Realtors.
Yun said the market is under performing and hurting the broader economy. “We’ve added 25 million people to our population over the past decade and housing affordability conditions are the best we’ve seen since 1973, but household formation is much lower than expected,” he said. “Consequently, there is a pent-up demand which could be unleashed with the right stimulus, including a non-repayable home buyer tax credit. The Obama administration and Congress need to move fast to stimulate a spring sales upturn which will help to stabilize home prices and set the foundation for a sustainable economic recovery.”
The national median existing-home price3 for all housing types was $175,400 in December, which is 15.3 percent below December 2007 when the median was $207,000. There remains a significant downward distortion in the current median from a large number of distress sales at discounted prices, currently 45 percent of transactions; the median is where half of the homes sold for more and half sold for less. For all of 2008, the median price was $198,600, down 9.3 percent from $219,000 in 2007.
NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said it’s an excellent time for first-time home buyers with good jobs. “The typical buyer plans to stay in their home for 10 years, which is the correct approach in today’s market,” he said. “With historically low mortgage interest rates, flexible sellers, a large inventory, and homes that are selling for less than replacement construction costs in much of the country, buyers who’ve been on the fence should take a closer look at today’s market.”
The next Pending Home Sales Index & Forecast from NAR is scheduled for release February 3; release times are 10 a.m. EST. For more information, please view existing-home sales data on REALTOR.org.
New City $499,900 5BR, 3.5Bth 3 Car Gar. Expanded Cape Ranch
OUR PICK OF THE WEEK:
$499,900 A DIAMOND IN THE ROUGH!
Almost 1 Acre . . . This home offers lots of potential with its over-sized rooms, additional detached 3-car garage with studio & rough plumbing, fantastic property, neighborhood & location! Roof 2007; interior/exterior video-camera security system.
Hurry!
The data relating to real estate for sale on this web site comes in part from the REDXSM Program of the Greater Hudson Valley Multiple Listing Service. Real estate listings held by brokerage firms other than Rockland County Real Estate are marked with the REDXSM logo.
Copyright 2008 Greater Hudson Valley Multiple Listing Service. All Rights Reserved.
