Watertown Real Estate News
Real Estate news for Watertown, NY continually updated from thousands of sources.
Sunday Sep 27 | via Watertown Daily Times
With Wells Fargo bank donating yet a third house, City Councilman Joseph M. Butler Jr. has suggested the city should pursue other large lending institutions that want to unload vacant houses. Mr. Butler recommended Monday night that the city contact other banks that might want to donate to the city houses they have foreclosed on, contending it might be a good way to deal with the growing number of vacant houses that dot city neighborhoods. Comment?
Tuesday Sep 22 | via Watertown Daily Times
For-sale signs have increasingly popped up since the spring on lawns of homes in the city, where a strong buyer's market has been created by an influx of new rental housing that real estate agents describe as “overbuilt.” Agents say houses have been much harder to sell in the buyer's market, as civilian and military families have a broader menu of housing options from which to choose by virtue of new apartment complexes. They say some families have been enticed by move-in specials offered by complexes, which have offered free rent and other perks. Comment?
Friday Sep 18 | via North County Public Radio
If you want to rent or buy a home near Fort Drum, now is a good time. Apartment complexes in surrounding towns are offering special deals in hopes of filling empty units. Comment?
Sunday Sep 13 | via Watertown Daily Times
While there's been much discussion about so-called “zombie properties,” local officials are looking at what should be done with two houses recently donated to the city by Wells Fargo bank. In an unusual move, Wells Fargo donated to the city a four-unit house at 154 Winslow St. and a two-family house at 825 Academy St. that had gone through bank foreclosure and the mortgage company no longer wanted. Comment?
Aug 23, 2015 | via Ogdensburg Courier-Observer/Journal
State Comptroller Thomas P. DiNapoli announced Wednesday that the light at the end of the tunnel is still far out of sight for the state's foreclosure recovery. Upstate foreclosure cases have grown 47 percent since 2013. Comment?
Friday Oct 9 | via AmericanBankingNews.com
According to Zacks, "Berkshire Hills Bancorp, Inc. is a bank holding company. Through its subsidiaries, the company is engaged as a community bank that accepts retail deposits from the general public in the areas surrounding its full-service banking offices and uses those funds,together with funds generated from operations and borrowings, to originate residential mortgage loans, commercial business and real estate loans and consumer loans, primarily indirect automobile loans. Comment?
Friday Oct 9 | via Grand Island Pennysaver
Since 2012, attorney general's foreclosure prevention and relief programs have helped more than 50,000 New York families fight to keep their homes Earlier this week, New York Attorney General Eric T. Schneiderman announced $11.5 million in new funding for more than two-dozen legal services organizations statewide to help prevent foreclosures, keep families in their homes, and rebuild communities hit hardest by the housing crash. Awards will be granted to 28 legal services providers with proven track records of providing services to at-risk homeowners. Comment?
Thursday Oct 8 | via The Real Deal
The premise of "The Closing" interview is simple: each month, sit down with an individual who not only made it to the summit of the New York real estate industry, but through a combination of skill, grit, and chutzpah, shaped it. The interviews have endured because they are so personal: they go beyond the deals and reveal what makes the dealmaker tick. Comment?
Wednesday Oct 7 | via Finance and Commerce
The Dallas-Fort Worth area of Texas, prized for its diverse job market and success luring companies that are relocating, ranked as the top area for commercial-property investment in a survey of almost 1,500 real estate executives, according to a report Wednesday by the Urban Land Institute and PricewaterhouseCoopers LLP. Austin, Texas, and Charlotte, North Carolina, followed - while the big coastal cities of New York, San Francisco and Boston, traditional magnets for buyers, were deemed less attractive. Comment?
Monday Oct 5 | via Reuters
MONTERREY, October 05 The supply of mortgage loans in Mexico has diversified in recent years, underpinned by a more competitive environment, the low level of interest rates, a gradual recovery of the construction sector, and the current housing needs in Mexico, according to a new Fitch Ratings dashboard report. The report also discusses key factors affecting the credit profiles of main participants in the industry. Comment?
4 min ago | via Insurance Journal West
Homebuyers may soon be able to buy insurance to protect their down payments in the event they sell their home at a loss. Much like title insurance protects the lender, this product promises to reimburse homebuyers for their full down payment should they want to sell their new home for any reason between two and seven years after they buy and end up suffering a loss on the sale. Comment?
4 min ago | via The New Zealand Herald
More than half of Auckland residential properties at three big auctions failed to sell on the day and a director of the city's biggest agency has advised sellers to be "realistic" on pricing. Results from Barfoot & Thompson auctions last week showed many of the places not drawing a bid, being passed in or withdrawn. Comment?
16 min ago | via Benzinga
Homeowners' estimates of home values came in 2.0 percent above appraiser estimates in September, a slight month-over-month decline. The most recent study by Quicken Loans Inc. of homeowner value perceptions revealed that the disparity between appraiser and homeowner opinions of home values contracted in September for the first time on over a year. Comment?
21 min ago | via Reuters
EU proposals aimed at relaunching the market for asset-backed securities are actually likely to shrink it in the short term, French Banking Federation chief Frederic Oudea said on Tuesday. "I do not think we should expect with these proposals a strong recovery of securitisation," said Oudea, who is chief executive of Societe Generale. Comment?
22 min ago | via Housing Wire
Pavaso , a real estate technology company, completed its end-to-end digital process for the mortgage and real estate industry with the addition of its sales contract negotiation tool for real estate agents. As a result of the new tool, the deal will start digitally and flow through the established process with lenders and settlement agents. Comment?
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