Long Island Real Estate Market

head_left_image

Deer Park Real Estate: Market Update

I am starting a monthly article about the Deer Park, New York area, featuring the real estate market. I will be posting it monthly and each month will feature an update on the housing market in Deer Park, New York.

According to the Multiple Listing Service of Long Island as of July 8, 2008:

1. 215 = The amount of homes available for sale in Deer Park (11729)

2. 14 = The amount of Closings for the month of June, 2008 in Deer Park.

3. 15.3 = The amount of months of inventory there is in Deer Park - this is also referred to the "absorption rate" which indicates the saturation of inventory in a given area. The absorption rate simply implies that if in the hamlet of Deer Park, if no other homes came on the market for sale, it would take 15 months to sell off the entire inventory of homes currently available.

Click Here To Read The Rest Of Deer Park Real Estate: Market Update

0 commentsThomas McGiveron • July 13 2008 10:23PM

Real Estate Market Values

Three words describe the housing market (and economy in general), "This is nuts!" The downturn of the housing market continues on and doesn't appear to be coming to an end anytime soon. According to Chief Executive Officer of JP Morgan Chase & Co., Jamie Dimon, home prices will drop as much as 9 percent this year. In Suffolk/Nassau County, the expectations are worse, with declines of 12.7% in 2008. This trend is expected to continue through 2009 at a rate of 8.9% according to the Long Island Board Of Realtors.
The chief U.S. economist for Goldman Sachs, Jan Hatzius, projects prices to fall another 10% before stabilizing in late 2009.

Click Here To Read The Rest Of The Article

0 commentsThomas McGiveron • June 19 2008 08:50PM

Interest Rates: The Trend Is Up

I have a few slides worth taking a look at regarding real estate interest rates. Again, these slides feature expert analysis on the topic. This topic happens to be about mortgage rates, where they're going and why you should be concerned.

As a buyer, it's no secret that now is the time to buy. Interest rates are low and prices have dropped. My previous article about the importance of a low interest rate is worth reading or reading again!

The impact of inflation on interest rates is something Lawrence Yen, Chief Economist for the National Association Of Realtors, talks about in much of his continuous expert analysis of the market.

Click here to read the rest of the article. (There are slides in the article on my site)

 

1 commentThomas McGiveron • June 19 2008 08:47PM

Taxes: The Real Issue

I'm not going to quote any articles. I'm not going to quote any politicians. It's plain and simple. We, as Long Islanders, citizens of New York and as Americans are taxed too much. When I hear a politician talk about "affordable housing" or some government program to "help people", I cringe. I'm all for people being able to afford to live the American Dream, but what about a more simple approach to "solving" our problems?
Taxes. One word. It's simple enough. And let's put another word in front of that. Lower. Okay, so now let's put them together - Lower Taxes. It's amazing how no politician can seem to put these two words together to "solve" problems.
Compare these two words with another two words - Affordable Housing.
Lower Taxes. Affordable Housing.
One implies that people will work hard, earn money and pay less in taxes - but still do their share to pay taxes such as property taxes, income taxes (state and federal), sales taxes and every other kind of tax. Lower Taxes - implies that the government will actually MAKE DO with what they "earn" and not create another program such as "Affordable Housing". Lower Taxes - implies, no actually puts more money in the pockets of hard-working people who then can take that money - save it, invest it, spend it - thus helping the economy - but more importantly - themselves, their families and ultimately - their community!
I don't know about you - but for me - I don't want "affordable housing". To me, "affordable" anything, from the government - is simply another two-word combination - Government Handout.
Young people don't want another Government Handout. Older people don't want it. Really - no self-respecting, able-bodied person wants any kind of handout and for those that do - I hope you have a good reason for one - such as illness or another type of condition or serious and real circumstance that prohibits you from being able to care for yourself or family.
I am all for taxes being used to help those in need. That's a must - but it's got to be done with some kind of temperance. The word "temperance" is not in the vocabulary of a politician. The word means control. Clearly, these politicians, both locally and nationally, do not have any understanding of the word. Spend. Spend more. Spend even more. Oh and just raise taxes to pay for all government "solutions" (code word for spending).
Like any family - you've got a budget. You use some credit to pay for some things. You get a mortgage most likely to buy a home. You take out a loan to get a car so you can drive around. And you balance household expenses and related bills. You work and pay what you can and save or invest what you've got left over. Government - no. Government operates as if there is a complete unlimited amount of money to continue with spending, spending, spending.
Well it's time we, the citizens, said "No!"
We don't want more programs. We don't need "Affordable Housing". We need government to get off our backs, restrict their spending and "programs" and operate on a budget - come hell or highwater! Period!
At least that's my opinion. What do you think?

(c) Copyright 2008, http://www.tommcgiveron.com/

By Tom McGiveron

3 commentsThomas McGiveron • April 27 2008 05:01PM

Google Rankings and my site

Check this out -

on our website - www.riexchange.com -

 

one of our vendors requested a webpage via our service.

 

his site is....

well you find it.  Google - montauk plumber -

and find it yourself. 

now if that's not results, i don't know what is. 

visit our site - sign up and we'll hook you up. 

[the site is being totally revamped and is going to look incredible. we can easily do our basic web page for you with a link to your site from an reixchange.com simple webpage like the one you're going to find when you google - montauk plumber - oh and you can also visit msn.com and type in the same search - ]

that particular webpage you find is not necessarily all that much (the vendor told us what he wanted on his personal webpage so don't pay attention to that - just the search results.)

any questions - contact me via activerain or via the website.  Take 5 minutes and sign up to list your business.  then contact me regarding a simple webpage that will get you results!

 

0 commentsThomas McGiveron • April 26 2008 10:09AM

Competitive Ads Via Google Adsense

Now I know you can go through all the advertisers and pick and choose which ads to have on your site - but that's a daunting task.

For those who aren't up to snuff on google adsense - or adbrite (yahoo.com - right?) - they are syndicated ads on sites all over the internet.

I have them on my sites - one of which is www.tommcgiveron.com

But being in the real estate business - you really don't want ads for Prudential on your site, when you're ColdwellBanker.  Or if I give the best CMA's in the business - you don't want an ad on their saying how great someone else's cma's are.

Anyhow - thoughts on this topic?  Up to know I've really just been avoiding the issue.  If people visit my site - they'll see the goods - but then again - if they click on a 40 cent ad - that 40 cents could cost me $4000 in commission on a possible sale... hhhmmm.

 

 

5 commentsThomas McGiveron • April 26 2008 07:36AM

Real Estate Market: Buyers on the Fence

So you're waiting out the market? You're watching closely to home prices and you're waiting to strike when the market is at rock bottom hey? As a professional in the field, I may have a few things to share with you, at the very least, a few ideas about the market that may help you put things in more of a realistic perspective.

CLICK HERE TO READ THE REST OF THE ARTICLE

[I am linking to my site because I use graphs in the content (Steve Harney - Keeping Current Matters) and the graphs are useful to view]

Enjoy!

5 commentsThomas McGiveron • April 14 2008 09:58PM

Real Estate Foreclosures: Solutions?

On Inman news there was a great video about the foreclosure situation throughout the country.  Rather than copy and paste it here, I just figured I'd provide the link to the article I wrote.  There you'll find links to inman news, plus a few other links in the article, including the real estate roller coaster, which I've used with homeowners - great for FSBO's. 

http://www.tommcgiveron.com/real-estate-foreclosures-solutions/

2 commentsThomas McGiveron • February 10 2008 08:19AM

Real Estate Market: Supply Vs. Demand

http://www.tommcgiveron.com/real-estate-market-supply-vs-demand/

Article I wrote.  Check it out.

 

 

0 commentsThomas McGiveron • February 03 2008 03:10PM

Real Estate Market: Supply Vs. Demand

http://www.tommcgiveron.com/real-estate-market-supply-vs-demand/

Article I wrote.  Check it out.

 

 

2 commentsThomas McGiveron • February 03 2008 03:10PM