E-mails can have power in a home sale, at least in one state. The Supreme Court of Massachusetts ruled that a series of e-mails between the buyer’s and seller’s attorneys created a binding agreement in a real estate transaction. The case, Feldberg v. Coxall, involved an e-mail that included a revised, unsigned offer to purchase two pieces of land from the buyer. The high court ruled that the e-mails created a binding agreement and entitled the buyer to a notice […]

Market concern over the strength of the economic recovery took Treasury yields to new depths, causing both 30- and 15-year fixed-rate mortgages to continue tumbling to historic lows. The Freddie Mac survey showed 30-year FRM averaged 3.49% for the week ending Thursday, a record low from last week’s 3.53%. Last year at this time, the 30-year FRM averaged 4.55%. The 15-year FRM, a popular refinancing choice, also set a new record, averaging 2.8%, down from last week‘s average of 2.83%. […]

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The average number of days homes are spending on the market has dropped by nearly 10 percent nationwide in the last year, according to June housing data from REALTOR.com. The average U.S. home now spends 84 days on the market. But in some housing markets, homes are selling even faster, spending an average of 45 days or less on the market before they sell. What’s more, many of these housing markets are having not only some of the speediest home […]

The 30-year fixed-rate mortgage — the most popular choice among home buyers — is now a full percentage point lower than a year ago, Freddie Mac reports in its weekly mortgage market survey. Fixed-rate mortgages have been on a record-breaking streak the last few weeks, pushing home affordability even higher. “Market concerns over the strength of the economic recovery brought long-term Treasury yields to new lows this week allowing fixed mortgage rates to reach record levels,” says Frank Nothaft, Freddie […]

COMPARE AGENTS!!! 28 YEARS EXPERIENCE!!! 2005 Westchester County Realtor of the Year! *2010 Westchester Magazine 5 Star Agent – Independent Survey. KEVIN O’SHEA * 2006-8 V.P. Westchester Putnam, MLS KEVIN O”SHEA * 1991-2008 Panelist/Chair/Mediator for Professional Standards, Ethics & Arbitrations. KEVIN O’SHEA * 1987/2010 Instructor for N.Y.S. Licensing Course, Computer Courses and orientation and Ethics for Real Estate Salespersons and Brokers – KEVIN O’SHEA * 2004-5 Vice President Westchester County Board of Realtors.(WCBR) 2001-3 Vice President Westchester/Putnam MLS 2003- Member […]

Forty-five percent of Nevada home owners recently surveyed say “there is nothing wrong” with walking away on your mortgage obligations, according to a new report, “Face of Foreclosure,” released by the Nevada Association of REALTORS®. On the other hand, an equal number of home owners say home owners have a “legal and ethical obligation to pay their mortgage if they can.” The number of home owners who find “strategic default” socially acceptable is growing in the state, which has consistently […]

Buying or selling a home? Al makes it easy! Searching for your new dream home? Let me help. As your buyer’s agent, I will search through thousands of listings to match your wish list. I will e-mail you links or provide you access to search area listings at your convenience. I’ll personalize your tour of the homes you want to see. Once you make a selection, I’ll help you negotiate the best possible price and guide you through the mounds […]

Home prices are inching up in many areas, but in several metros housing bargains can still be found. The median asking price in June nationwide was $195,000, according to Realtor.com housing data. But of the 146 housing markets that Realtor.com tracks, the following 10 areas had the lowest median asking prices in June. Detroit Median list price: $99,000 Year-over-year change: +10% Fort Wayne, Ind. Median list price: $109,000 Year-over-year change: -0.81% Toledo, Ohio Median list price: $109,900 Year-over-year change: -4.35% […]

The number of international buyers conducting home searches for U.S. properties has fallen nearly 10 percent in the last year, Trulia reports in its International House Hunter Report, which covers the period of April 1 to June 30. The report suggests that rising U.S. asking prices are cooling international interest. The metro areas where prices have risen the fastest are where foreign-based housing searches have dropped the most too, according to Trulia’s report. ”Foreigners attracted to real estate bargains get […]