Sayville Real Estate News
Friday Mar 27 | via LongIsland.com
March 27, 2015 - An indictment was unsealed today in United States District Court for the Eastern District of New York charging Jerry Campora, Jr., a resident of Setauket, New York, with eight counts of mail fraud. Campora was arraigned this afternoon before United States District Judge Joanna Seybert at the federal courthouse in Central Islip. Comment?
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 27 | via The Washington Post
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Here's one sign that your rent is too high and you can't afford to buy a home: You live in a city that isn't building enough new houses and apartments to keep up with the pace of a growing population. Comment?
Friday Mar 27 | via Business Wire
The brokerage, which serves greater Albany with 10 offices and more than 300 agents, was a Top 50 company in the Prudential Real Estate network. Founded in 1922, Blake, REALTORSA is one of the region's oldest and most-respected real estate companies. Comment?
Friday Mar 27 | via Yahoo!
Police have searched the homes of co-pilot Andreas Lubitz in two German cities in search of an explanation for why he may have crashed a passenger plane into the French Alps, killing all 150 people on board. German tabloid Bild reported Friday that Lubitz had a "serious depressive episode" six years ago and that a medical problem was noted in aviation records. Comment?
Wednesday Mar 25 | 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 Mar 25 | 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?
7 min ago | via The New York Observer
Unattractive but inoffensive enough in their spare, skeletal way-and who among us hasn't scampered gratefully beneath one to wait out a sudden rainstorm?-they're so commonplace as to be scarcely noticeable. Unless, that is, it's your building that's being scaffolded. Comment?
10 min ago | via Monster.com
Thank you for your interest in the Mortgage Loan Processor/Underwriter. To begin the application process, please enter your information below. Comment?
17 min ago | via Inman Real Estate News
There's a shift coming that's about to wreak havoc at the closing table for agents and clients alike. On Aug. 1, 2015, the new TRID forms replace the HUD-1 Settlement and Good Faith Estimate. Comment?
19 min ago | via Xinhuanet
Chinese authorities on Monday decided to relax mortgage rules for second home buyers to address demand for improved housing and lift the sagging housing market. Down payment levels for second home buyers in general will be lowered to 40 percent from the current 60 to 70 percent, said a statement jointly published by the central bank, Ministry of Housing and Urban-Rural Development, and China Banking Regulatory Commission. Comment?
25 min ago | via The Washington Post
"China's inflation is also declining, so we need to be vigilant to see if the disinflation trend will continue, and if deflation will happen or not," People's Bank of China Governor Zhou Xiaochuan, 67, said Sunday in remarks at the Boao Forum for Asia, an annual conference on the southern Chinese island of Hainan. "China can have room to act," both with interest rates and "quantitative" measures, he said. Comment?
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