The most recent real estate market statistics for the month of September showed some changes in home sales for Staten Island.

The monthly sales had already started to decrease—and that was before the government had shut down.

The mortgage rates had jumped up at the beginning of September, but started to decrease throughout the month.  You would think that people would take advantage of the low rates, but we actually saw a ten percent decrease in home sales, with only 291 homes being sold for the month.  While this is still a good number—and almost twenty-seven percent higher than what we saw last year—it doesn’t look like we will be seeing numbers even remotely close to this in the coming months.

The average cumulative number of days that homes…

1240 Views, 0 Comments

Read Full Post

In June of 2012, a program was launched by Attorney General Eric T. Schneiderman in an effort to help struggling homeowners in New York keep their homes.  The Homeowner Protection Program, as it is known, was created with the intention of providing $20 million every year for three years to fund housing counseling and legal services for homeowners in need.

Yesterday, on October 23rd, the attorney general announced that the second round of funding would be distributed to thirty-four legal services organizations and fifty-four housing counseling agencies.  The purpose is so that these organizations can provide free services to homeowners at risk of losing their homes.  Of the eighty-eight organizations to receive funding, thirty-four are located within New…

1358 Views, 0 Comments

Read Full Post