Schenectady Real Estate News
Monday Mar 23 | via Albany Times Union
Sales of new and existing single-family homes jumped 12 percent in February from year-earlier levels, the Greater Capital Association of Realtors reported Wednesday. The number of pending sales also was up, by 11 percent. Comment?
Wednesday Feb 25 | via Albany Times Union
The Albany County Land Bank is soliciting proposals for its first 123 properties - most of them scattered throughout Arbor Hill, West Hill, Sheridan Hollow and the South End. The properties - 121 in Albany and two in Cohoes - came from the county's tax foreclosure rolls and will mark the land bank's first efforts to attract buyers with viable plans to redevelop them in line with the organization's mission to combat blight by promoting responsible ownership. Comment?
Monday Feb 23 | via Albany Times Union
Could it have been January's miserable weather? In a month when temperatures fell below zero and snow began piling up, home sales in the Capital Region tumbled 23 percent from year-earlier levels, the Greater Capital Association of Realtors reported Monday. Real estate agents remain optimistic, with Cathy Griffin , the association's president, pointing out that predictions of rising interest rates later in the year could encourage would-be buyers this spring. Comment?
Feb 13, 2015 | via Albany Times Union
Kevin and Nicole Demarest take in the majestic eastern view from the living room of their town of New Scotland home on Tuesday November 23, 2004. Former Albany political figure Dan O'Connell used to live in the house, which sits on the Helderbergs. Comment?
Jan 28, 2015 | via Albany Times Union
Sales of single-family houses fell 2 percent in the Capital Region in December, while the median sale dropped 4 percent from year-earlier levels to $193,500, the Greater Capital Association of Realtors reported Wednesday. The data, from the Capital Region Multiple Listing Service, covers an 11-county area that includes the five-county metropolitan area. 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?
5 min ago | via Watford Observer
The cost of a typical home in a UK city is at its most unaffordable level since 2009 as buyers face stretching their wages further to keep up with rising property prices, a report has found. A city home now costs 6.1 times gross average annual earnings, up from a multiple of 5.8 times average earnings 12 months ago, as the housing market recovery has spread across the country, Lloyds Bank found. Comment?
12 min ago | via Business Wire
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29 min ago | via NorthlandsNewscenter.com
"Spring and summer are our busiest times in Minnesota," Sarah Wisdorf, former president of the Duluth Area Association of Realtors said. "That's when people want to move, the weather is pleasant. Comment?
33 min ago | via CBS 3 Springfield
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?
39 min ago | via Seattle Post-Intelligencer
Many have run out of money between paychecks. So they obtain a "payday" loan to tide them over. Comment?
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