Halstead Property publishes extensive resources for customers interested in buying, selling or renting property in the New York area. We report on various neighborhoods and markets as well as pricing trends in both Manhattan and Brooklyn. At Halstead, we want our customers to get the most out of every real estate transaction. From sales to rentals, we provide you with real tools necessary for a smooth and successful experience.
Mortgage rates in the U.S. fell below 5% to an average of 4.95% for a 30-year mortgage, propping demand for home loans. This is in part due to the lowest number of purchase applications in nearly 13 years in the prior week and according to data by Mortgage Bankers Association.
As a result, purchase applications increased 9 percent while refinancing requests jumped 17.2 percent last week.
In a NY1 Real Estate segment that aired on December 5th, 2009, NY1 reporter Shazia Khan interviewed me and featured one of my Exclusive Listings in the East Village. Report focused on how far your dollar can stretch in the city’s soft rental market, with a monthly budget of $2,000. Besides my property at 507 East 6th Street two other units featured were a one bedroom in Greenpoint , Brooklyn and studio apartment on the Upper East Side.
On Thursday, November 19th Real Estate Board Of New York is hosting a panel discussion seminar with some of the top producing brokers, including myself called “Armed and Dangerous: Getting Your Game On”.
Panelists are:
Senad Ahmetovic – Halstead Property, LLC
Shaun Osher – Core Group Marketing
Stan Ponte - Sotheby’s International Realty
Anne Young – Corcoran Sunshine Marketing Group
Event will be moderated by Corine Pulitzer – Prudential Douglas Elliman
The House and Senate yesterday approved a continuing resolution that includes a provision that would extend current loan limits for FHA and the government-sponsored enterprises through next year.
Additionally, Senate leaders announced they have agreed to an extension of the $8,000 first-time home buyer tax credit through April 30. The popular credit, which has strong support from the Mortgage Bankers Association, is set to expire Nov. 30.
The CR provision would keep in place current conforming loan limits of $625,000 ($729,750 in designated high-cost areas). Without approval from the Senate, those limits will expire on Dec. 31.
As we try to maintain the momentum of the housing recovery, providing affordable financing for qualified borrowers is critical. Extending the loan limits, along with other initiatives such as extending and expanding the homebuyer tax credit, will help restore stability to the housing and mortgage markets.
I am happy to report that I was presented with a 1st Place Winner award for Residential Rental Deal of the Year at REBNY’s Residential Deal of the Year and Charity Gala. Event took place on Wednesday, October 21, 2009 from 6:30 pm – 10:00 pm at 230 Fifth Ave Penthouse Lounge.
The Henry Forster Award was presented to Tresa Hall of The Corcoran Group. First prize in the residential sales category, went to Lori Huler Glick and Cindy Kurtin of Stribling & Associates. Sonia Stock of Prudential Douglas Elliman and Janet Weiner of Halstead Property, LLC won second place; and Sandra M. Lauer of Halstead Property, LLC took third place.
Renee M. Fishman of Halstead Property, LLC received the 2009 Residential Most Promising Rookie Salesperson of the Year award.
Here are some links of the REBNY Gala coverage in the media:
THE REAL DEAL – Real Estate BISNOW - CityFEET.com -
View 900+ Exclusives Inside Our Fall/Winter 2009 Interactive Online Portfolio Magazine
