Middle Island Real Estate News
Real Estate news for Middle Island, NY continually updated from thousands of sources.
Wednesday Jun 15 | via Newsday
Zombie homes are a scourge on Long Island and across the state. Legislation that would attack the problem is creeping closer to passage in the final throes of the legislative session in Albany, despite opposition from banks that would be required to maintain abandoned properties that are in foreclosure. Comment?
Tuesday Jun 14 | via Newsday
Multiple Listing Service of Long Island says brisk sales and a small pool of available homes helped boost Long Island housing prices. Photo Credit: Barry Sloan Multiple Listing Service of Long Island says brisk sales and a small pool of available homes helped boost Long Island housing prices. Comment?
Wednesday Jun 8 | via Long Island Business News
Promoted earlier this year, Toni Ajello works in the Medford branch of Suffolk Federal Credit Union as director of mortgage lending. Ajello is responsible for overseeing all mortgage originations, processing and underwriting. Comment?
May 26, 2016 | via Housing Wire
The Long Island core based statistical area of Nassau County-Suffolk County, New York, could be the country's newest example of the ever-growing housing gap between hot and cold markets, according to Pro Teck Valuation Services' Home Value Forecast. Although pending home sales in April surged to the highest level in over a decade, according to the National Association of Realtors, not all markets are improving, and there is great variability even within markets. Comment?
May 25, 2016 | via Newsday
This house on Shore Drive South in Copiague has waterviews. The photo is from May 18, 2016. Comment?
2 min ago | via Albany Times Union
As a result of recently passed legislation to address the elimination of abandoned properties throughout New York State New Yorkers can now report vacant and abandoned properties in their communities through a hotline at the New York State Department of Financial Services . This is one component of legislation signed recently by Governor Cuomo to prevent foreclosures and curb the threat posed to communities by "zombie properties" across the state. Comment?
5 hrs ago | via Housing Wire
In what officials are calling a "first of its kind" program, the city of New York announced Thursday that it is plans to buy a number of delinquent loans from the Federal Housing Administration as part of an effort to keep struggling homeowners from losing their homes to foreclosure. According to the office of New York Mayor Bill de Blasio, the "Community Restoration Program" will see the city purchase 24 distressed mortgages for one- to four-family homes with a total of 41 residential units in the Bronx, Brooklyn, Queens, and Staten Island. Comment?
7 hrs ago | via The Real Deal
On this week's episode of "Million Dollar Listing New York," Luis questions his future in the real estate industry, while Fredrik uses the business to block out some very personal pain. Facing yet another demanding developer, Ryan gets creative at a Hell's Kitchen condo, where he must sell 16 units in just 60 days. Comment?
Thursday | via Your News Now
This week the governor's office announced the creation of a hotline New Yorkers can call to report vacant properties. It's designed to establish an electronic registry of vacant properties with the Department of Financial Services to hold banks and lenders accountable for maintaining properties before foreclosing. Comment?
Wednesday Jun 29 | via Inman
New York real estate buyers paid an estimated $155.3 million in excess title insurance premiums and fees in 2015. 182,487 individual real estate transactions totaling $140.2 billion were analyzed in the report, which includes the vast majority of transactions throughout the year. Comment?
17 min ago | via Sunday Herald
LONDON'S top flight index recorded its strongest week since 2011 as it remained upbeat following calls by Bank of England Governor Mark Carney to slash interest rates over the summer. The FTSE 100 Index was 73.5 points higher at 6577.83, as it made a remarkable recovery since the end of last week when more than A 50 billion was wiped off its value following the Brexit vote. Comment?
19 min ago | via AmericanBankingNews.com
The firm presently has a $20.00 price target on the financial services provider's stock. Zacks Investment Research's target price suggests a potential upside of 14.81% from the stock's current price. Comment?
21 min ago | via SFGate
When deciding whether to purchase life insurance, most consumers focus on whole life insurance vs. term life insurance. Whole life insurance is a policy that lasts as long as a policyholder is alive. Comment?
34 min ago | via Dallas Morning News
A recent article on Bankrate.com suggests just that. I disagree -- as I have for decades. Comment?
35 min ago | via The Washington Post
Sean Dargan, who covered life and mortgage insurers as an analyst, left Macquarie Group Ltd., and the financial-advisory firm said it will cease coverage of those sectors for now. A transition plan is in the works and the industry remains important to the firm, Christine Farkas, head of U.S. equity research at Sydney-based Macquarie, said Friday in an e-mail. Comment?
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