Rockland County NY Real Estate

by angela on December 30, 2010

Rockland County Real Estate Search for homes, condos and/or townhouses, and coops all over Rockland County NY. Rockland County NY Real Estate Search.

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We are a busy boutique company located in The Town of Nanuet, NY in Rockland County.  But don't let that phrase boutique broker" mislead you. As others have often said:   We are big enough to get the job done and small enough to care. We own several online domains.

Founded in early 2001, the firm transitioned (in 2007) from the name Morning Glory Realty to what is now Rockland County Real Estate, LLC.   Our branding, however, remains that stunning blue Morning Glory Flower, which so perfectly communicates the natural beauty of Rockland.  Click slides to tour.

All Rockland Condos

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Nanuet Real Estate

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NanuetCondos

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Hows The Market

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Rockland County NY Real Estate Market Reports

Financing

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rockland housing marketI watched an interview today featuring Barbara Corcoran.  The topic?  The ever dramatic housing market.  2010 has come and gone (well almost) and all eyes are now on that all important spring of 2011 market.  We normally see things begin to heat up around late February to mid March.  I have to say that Barbara’s interview was not too encouraging.  One thing I do want to quickly add though is that you must remember that all markets are different.  Just because something is happening in California, or Texas, or Florida, doesn’t necessarily mean we have the same symptoms here.

Here (below) are some of the Highlights of Barbara’s interview.  She was asked if the troubling trend would continue into 2011.

The quick answer is that if all things remain the same (lack of jobs, banks unwillingness to lend) they perdict a 7-10% drop yet again this year.   Barbara comments that due to the 1st time homebuyer credit in place in early 2010, the bulk of the loss came in the 2nd half of 2010.

She comments further that three things affect the housing market right now.

1)  The Job Market – people are still insecure.  We needs job, jobs, jobs.
2)  The 4.5 % low interest rate is great; but folks can’t qualify for a loan.  Did you know that only 1 in 30 get a “yes” from the bank.
3)  Look at my Rockland Market Reports.  Historically, when there is a 6 month (or more) supply of inventory, that makes prices fall.

The news is not grim in all areas of the country.  The key is jobs.  There are markets that are thriving with homes even increasing in value, namely  San Fransisco, Austin, Portland Maine and others.  Your question, of course, would be “but what about the Rockland County Housing Market Inventory, and how are we faring?”

Barbara’s advice (and mine would be the same) is that if you don’t have to sell…sit tight and wait for the value to come back, eventually the market will turn around.  The question is when.  Many experts feel we are in for at least a 3-5 year ride.  Sadly she ends her interview on what I consider a low note . . . but most likely a truthful one.  If there is not a directive from The Whitehouse mandating that banks work with homeowners and give them a break, there is no chance of recovery in 2011.  Remember that only 1 in 30 mortgage applicants get a “yes” from the lender.

Please check back often and look at the Rockland Market Reports.  They will be updated again in January.  Happy (????) New Year Everyone.  Yes, Happy New Year, this is America and here we always have something to be thankful about.  Call me Pollyanna if you like, but I have been and hope to always be an optimist.

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Heavenly Hamlets Snowfall 12.26.2010

December 29, 2010

Heavenly Hamlets!

We ventured outside our door on the morning of December 27th and were met by this wonderful winter wonderland.
I, Angela (the broker/owner of this firm) am originally from Upstate N.Y., and when I say upstate, I really mean way upstate NY.  Albany area as a child and the Adirondacks as an adult.  I LOVE [...]

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The Hamlets in Nanuet NY 10954

December 27, 2010

Condo living is great. No snow to shovel. The bobcats take care of it.

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Nanuet 2010 Winter Blue Heron

December 27, 2010

We had a wonderful blizzard in Rockland County NY yesterday.
Hubby and I got out bright and early this morning, went to Starbucks for “kawfee” and then drove around and snapped some photos of some homes that Rockland County Real Estate marketed and/or sold this past year in Nanuet, NY.
It was great fun.  My goodness that [...]

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The Nanuet Mall

December 2, 2010

Well, I’ve been reading lately that there are plans to revitalize The Nanuet Mall.  I must confess I was hoping that they would combine housing with some really nice restaurants and stores.  When you’re a realtor you hear constantly about the lack of affordable housing for the baby boomers.  Boomers want to be able to [...]

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Thanksgiving Eve

November 24, 2010

And so, it’s Thanksgiving in Rockland County.  I had some computer issues this afternoon and no internet  for a few hours.  So, here I am just firing off a quick post to anyone who might care to say “Happy, Joyous, Luscious, delicious, peaceful Thanksgiving everyone.  We are so blessed to live in a county where we [...]

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Video and slideshow Nanuet Condo for sale with 2 car garage

November 2, 2010

CLICK ON THE GRAPHIC BELOW  OF THE NANUET CONDO
Gorgeous Eastern Sky View. CLARKSTOWN schools. Coach Bus to NYCity Enters complex. Well cared for, recently painted. Truly move-in ready. Neutral Colors. Kitchen with center island. As Big as a home and much sought after Fordham Unit. Walk to all kinds of shopping and restaurants. Master Bath [...]

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Hamlets Market Report

October 27, 2010

Hamlets Condos Market Report
Jan thru Aug 2010

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Home Sale update

July 25, 2010

This morning I read that quarterly home sales are soaring in Rockland, Putnam and Westchester. I’m not sure I agree with that statement that sales are “soaring”, I think we need to see what happens in the third quarter to accurately proclaim that we are in the beginnings of a true recovery in our local housing market.

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Two Family Investment Property Garnerville, NY 10923

July 13, 2010

Cul-de-sac location. Say goodbye to paying rent and hello to building wealth with this move-in condition two family home. Priced as a great starter home or a perfect investment. Family neighborhood, North Garnerville schools. Each unit has its own utilities and fenced in yard and off street parking for two cars.

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Home Buyer Tax Credit Extended

June 17, 2010

Expect delays when applying for mortgages these days. Between this tax credit and all the refinances taking place processing time can be as long as 4-5 months, rather than the normal 6-8 weeks.

Plan ahead and bring a complete package to your lender for their underwriting department.

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Sex offenders in your neighborhood

May 1, 2010

Did you know you can get notified when a sex offender
moves into your neighborhood?

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Pre-qualify or Pre-approval

April 29, 2010

A pre-approval may help you negotiate a better price and/or terms with the seller, because they know that the buyer is serious enough to have answered the hard questions with a lender. Often having a pre-approval at the ready can give you a leg-up if you are up against another buyer who did not come to the table so well prepared.

The better course of action if you are a serious buyer is to utilize the Pre-Approval Letter. This can only be secured through a lender. Given the buyers market we have now, the pre-approval letter is still all-important. Everyone has heard of the high foreclosure rates, short sales and, frankly, all of us are suffering at the gas pump. This makes a pre-approval letter an absolute must in these times.

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Housing Market Rockland County NY News

April 29, 2010

Generally speaking, a healthy real estate market has about a 6 month’s supply of homes on the market. More than that is a supply glut (too many homes and not enough buyers– good for buyers), less is a demand boom (houses selling off the shelves– good for sellers).

Check back for updates. I update my market reports once monthly, usually around the middle of the month. They cover the entire Rockland County residential condo and co-op market. Those reports are available here, or simply click on How’s the market on the right sidebar of this page.

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