Rocky Point Real Estate News
Friday Mar 20 | via Newsday
Neighborhoods across Long Island are battling an epidemic of blighted, abandoned houses as municipalities spend millions of tax dollars trying to maintain structures that fester with rats, mold, weeds and squatters. Long Island communities are littered with empty, neglected homes -- from small Cape Cod-style houses in Levittown, America's first suburb, to large Colonials in upscale Hamptons... Neighborhoods across Long Island are battling an epidemic of blighted, abandoned houses as municipalities spend millions of tax dollars trying to maintain structures that fester with rats, mold, weeds and squatters. Comment?
Tuesday Mar 17 | via Albany Times Union
The Empire Center is out with a benchmarking or ranking of property tax rates and they have found that based on each $1,000 worth of home value, Binghamton residents have the highest tax burden statewide. Part of that is due to the struggling city's low home prices, and what is likely a high overhead and school cost that plagues lots of upstate communities. Comment?
Monday Mar 16 | via Newsday
In Nassau County, homes sold for a median price of $408,500, up 3.5 percent compared to the previous February, according to a report Monday by the Multiple Listing Service of Long Island. The number of sales increased by 3.4 percent, to 662. Comment?
Monday Mar 16 | via Long Island Business News
The gap between rental costs and household income is widening to unsustainable levels in many parts of the country, with the worst situation in the New York metropolitan area, according to a study from the National Association of Realtors . Rents in the New York metro area increased 50.7 percent in the last five years, while the income of New York-area renters from 25 to 44 years old rose just 8 percent in that same time. Comment?
Friday Mar 6 | via Patch.com
Coldwell Banker Residential Brokerage on Long Island and Queens is proud to announce that Jamie Marcantonio , affiliated with the Northport Regional office , was the listing agent for the highest recorded sale in the town of Northport in 2014, according to Multiple Listing Service of Long Island data. Located on Hawkins Drive, this extraordinary waterfront home with separate studio guest cottage on one acre is located directly on Northport Bay and closed on December 2 for $2,775,000. Comment?
Wednesday | via The Real Deal
From the March issue: The impact of free travel to Cuba for New Yorkers, Eddie Sitt sues his brothers and more in this month's roundup of real estate happenings. Comment?
Wednesday | via The Real Deal
Luigi Rosabianca, a prominent real estate attorney who specializes in representing ultra-high-net-worth foreign buyers, has been suspended from practicing law after a Manhattan court found there was evidence to suggest he mishandled client funds and that he refused to cooperate with an investigation. The decision to suspend Rosabianca, reached by the Appellate Division First Department on March 12, came after four separate clients complained to the Departmental Disciplinary Committee, which handles attorney misconduct, and Rosabianca failed to respond to any of the allegations. Comment?
Tuesday Mar 24 | via GuruFocus.com
With the U.S. economy still on the rise, real estate in the country is also on the escalation chart. Sellers are enjoying good prices for their properties while buyers are forking out additional money to own a piece of estate property in the U.S. However, once buyers become the owner of a prime property, they will no doubt be increasing their financial portfolio. Comment?
Tuesday Mar 24 | via Wall Street Journal
Florida lawmakers are considering closing a legal loophole that allowed real-estate investors to force some condominium owners to sell their units for less than they paid for them. Bills in Florida's House and Senate seek to force bulk buyers of condo complexes to pay more for the holdout properties needed to complete a transaction and convert complexes to apartments. Comment?
Tuesday Mar 24 | via Bloomberg
Sales climbed 7.8 percent to a 539,000 annualized pace, the most since February 2008, Commerce Department data showed Tuesday in Washington. The reading exceeded even the most optimistic forecast of economists surveyed by Bloomberg. Comment?
3 min ago | via WOIO
Need some extra cash? If you own a home, you may want to consider refinancing. While interest rates have increased slightly since the big drop in 2012, they're still near historic lows. Comment?
4 min ago | via Daily Echo
Winchester is the second least affordable place in the UK according to Lloyds Bank, based on house prices compared to local earnings. House prices in Winchester are more than 10 times the average local wage while in Southampton homes cost around seven-and-a-half times average earnings. Comment?
11 min ago | via Archinect School Blog
In recent years, San Francisco has become emblematic of the difficulties of managing rapid urban growth in a culture entrenched in NIMBYism. The influx of jobs, primarily in the tech sector, and associated wealth from these industries, has caused rents and housing prices to soar to the highest in the country, widespread gentrification, and socio-economic homogenization as the lower and middle class continue to flee the city. Comment?
12 min ago | via Lowell Sun
A Lawrence financial and legal services firm and its owner accused of preying on vulnerable customers during the foreclosure crisis have been ordered by a judge to pay Massachusetts more than $1.9 million. Attorney General Maura Healey announced the judgment Thursday against Pinnacle Financial Consulting LLC and owner Robert Burton. Comment?
14 min ago | via The Washington Post
The payday lending industry markets itself as a helping hand for customers dealing with a short-term cash crunch or one-time emergencies. Lending ads frequently depict dented cars, flat tires, mothers looking worriedly at bills. Comment?
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