The majority of metropolitan areas experienced steady but slightly stronger price growth in the fourth quarter of 2014, behind a decline in housing supply and an uptick in demand fueled by lower interest rates and a stronger job market, according to the latest quarterly report by the National Association of Realtors®. The median existing single-family home price increased in … [Read more...] about NAR: Home-price growth slightly accelerates in fourth quarter of 2014
Real Estate
CPF revenues rebound in ’14, mirroring improvement in local real estate market
Annual Community Preservation Fund revenues collected by the five East End towns have nearly doubled since the bottom fell out of the real estate market in the economic crash of 2008, according to data released last week by South Fork Assemblyman Fred Thiele. The 2-percent transfer tax that generates the CPF produced revenues of $107.69 million for the five towns in 2014, … [Read more...] about CPF revenues rebound in ’14, mirroring improvement in local real estate market
Pending Home Sales Stall in December
Despite interest rates being at their lowest level of 2014, pending home sales cooled in Dec. but remained above year-over-year levels for the fourth consecutive month, according to the National Association of Realtors®. All major regions experienced declines in Dec. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, decreased 3.7 percent … [Read more...] about Pending Home Sales Stall in December
It’s move-in day at new Woolworth apartments in downtown Riverhead
It’s move-in day at Woolworth Apartments. New tenants in the brand-new downtown Riverhead apartment building were hauling an assortment of personal possessions into their new abodes this morning. “It’s like college dorm day,” a grinning Mike Patern, 24, said as he carried boxes into his one-bedroom apartment. “It’s very exciting.” The Southold native, who had been … [Read more...] about It’s move-in day at new Woolworth apartments in downtown Riverhead
NAR: Home-staging can help sell your home for more
Most homeowners know it is important to keep a home clean, bright and free from clutter while it is on the market for sale. But sometimes taking the extra step to stage a home can make a difference in how a buyer values it and the price a seller might get for it, according to the National Association of Realtors® 2015 Profile of Home Staging. “Realtors® know how important it … [Read more...] about NAR: Home-staging can help sell your home for more