Real Estate Transfers during the period of Mar. 15 to 31, 2015. Wading River 11792 Fannie Mae to B. & B. Toole, 47 Canterbury Dr., One Family Year-Round Residence, .7 Ac., $447,000; on Mar. 17, 2015. D. Reuter Pitre to C. & J. Miranda, 7 Joshua Ct., One Family Year-Round Residence, .41 Ac., $420,000; on Mar. 20, 2015. E. & J. Giuffrida to M. Marsicano, … [Read more...] about Latest real estate transfers
Real Estate
Existing-home sales spike in March
Existing-home sales jumped in March to their highest annual rate in 18 months, while unsold inventory showed needed improvement, according to the National Association of Realtors. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace. Total existing-home sales, which are completed transactions that include … [Read more...] about Existing-home sales spike in March
Should you refinance? Here’s what you need to know
With mortgage rates at their lowest point since the rock-bottom numbers of 2013, LOCALS may be wondering, is it a good time to refinance? "This is not a simple question," said Jean Dowd, mortgage loan office for PNC Mortgage. "People refinance for different reasons. Some to get a lower monthly payment, some want to reduce their term, some want to do both. There are also … [Read more...] about Should you refinance? Here’s what you need to know
National foreclosure inventory down
CoreLogic, a leading global property information, analytics and data-enabled services provider, today released its February 2015 National Foreclosure Report which shows that the foreclosure inventory declined by 27.3 percent and completed foreclosures declined by 15.7 percent from February 2014. According to CoreLogic data, there were 39,000 completed foreclosures nationwide in … [Read more...] about National foreclosure inventory down
Low housing supply squeezes affordability
Rental affordability is as bad as it's ever been across the U.S., in part because there are not enough new, affordable units to meet demand. The least affordable housing markets are those where new housing permits have not kept up with population growth, according to a Zillow analysis of U.S. rental and mortgage affordability. Zillow determined affordability by analyzing … [Read more...] about Low housing supply squeezes affordability