Staten-Island Real Estate News
Real Estate news for Staten-Island, NY continually updated from thousands of sources.
Friday Feb 27 | via SILive.com
Baby Boomers, who purchased their first homes on Staten Island for around $50,000 in the 1970s, and then upgraded for about $150,000 in the 1980s and 1990s, have fueled the housing market for the last several decades. Now, as Boomers nationwide retire in droves, they are seeking to realize significant profits by putting those larger homes on the market, and then downsizing. Comment?
Thursday Feb 26 | via SILive.com
Some sure signs of spring: The first blooms of wildflowers and trees. Daffodils and crocuses pushing up through the ground. Comment?
Wednesday Feb 25 | via SILive.com
Pacino sold his New York City guest house for $3.3 million in 2013, Realtors Connie and Joseph Profaci are hoping he's now in the market for an expansive home in the Big Apple . And what better place than the Emerson Hill home that was the scenic backdrop for Francis Ford Coppola's 1972 Oscar winning movie, ' 'The Godfather,'' starring Pacino. Comment?
Feb 2, 2015 | via SILive.com
It's the kind of rental deal anyone would jump on -- an entire house for $1,000 or $1,500 a month, all utilities included, listed on a real estate website. But don't worry -- he'll mail you the keys, as long as you wire him the first month's rent and security deposit. Comment?
Jan 25, 2015 | via New York Post
My gut tells me it was a net positive on the middle class, given how significant the refi wave was. D.L. Richard Barrington, senior financial analyst at MoneyRates.com, says "harm to consumers has outweighed the benefits." Comment?
Yesterday | via SNL Financial
Loan demand increased in 11 of the Federal Reserve's 12 districts from early January through mid-February, with Kansas City the exception, where demand was mixed, the Fed noted in its Beige Book report March 4. The Atlanta and New York districts reported "strong" increases in overall loan demand. " over that time period, but bankers in the districts of Richmond and St. Louis reported relaxed standards and Philadelphia, Richmond and San Francisco observed that "competition is lowering lending standards more generally," the report stated. Comment?
Wednesday | via Silicon Alley Insider
The Federal Reserve's latest Beige Book is out and shows that the economy continues to expand at a moderate pace. The Beige Book is a collection of anecdotal observations from each of the Federal Reserve's 12 business districts regarding the current economic outlook in their region. Comment?
Jan 8, 2015 | via American Reporter
American politics isn't kind to the losers. And as far as the conventional political wisdom goes, Mario Cuomo was a loser. Comment?
Tuesday Mar 3 | via Huntington News
CoreLogicA , an Irvine, CA-based global property information, analytics and data-enabled services provider, on Tuesday, March 3, 2015 released its January 2015 CoreLogic Home Price Index which shows that home prices nationwide, including distressed sales, increased 5.7 percent in January 2015 compared to January 2014. This change represents 35 months of consecutive year-over-year increases in home prices nationally. Comment?
Tuesday Mar 3 | via Albany Times Union
Capitol Confidential gathers the best coverage of New York politics and puts it all together. Each section - Capitol, The State Worker, New York on the Potomac, and Voices - represents a unique facet of the political scene. Comment?
3 hrs ago | via The Economist
BANKS are yet again in trouble-not pure investment banks such as Lehman Brothers, or mortgage specialists such as Northern Rock; but a handful of huge global "network" banks. These lumbering giants are the woolly mammoths of finance, and if they cannot improve their performance they deserve a similarly grievous fate. Comment?
4 hrs ago | via KLAS-TV Las Vegas
Home foreclosure rates in the Las Vegas metropolitan area fell by more than 1 percentage point in December compared to a year earlier, real estate analytics company CoreLogic reported Thursday. Roughly 2.42 percent of all mortgaged homes in the metro area were in some stage of foreclosure as of December, down from 3.53 percent in December 2013, CoreLogic reported. Comment?
15 min ago | via Nevada Appeal
Empire Ranch Golf Course has filed for Chapter 11 bankruptcy protection listing $1.2 million in debt owed to 19 creditors plus an IRS claim. Owner Dwight Millard said the filing in Reno court is the second time Empire Ranch has been in bankruptcy court. Comment?
22 min ago | via Contra Costa Times
In a brilliant bit of marketing, the number-crunchers at online real estate giant Zillow have concluded that homes near a Starbucks appreciate faster than those that aren't. They call it "the Starbucks effect." Comment?
25 min ago | via Law.com
The Appellate Division, First Department, delivered a resounding victory Thursday to institutional investors who backed an $8.5 billion settlement of claims against Bank of America stemming from the 2008 mortgage crisis. The appeals court modified a lower court ruling which had approved the settlement in large part but had disallowed a release of some claims against Bank of America. Comment?
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