March 18, 2011 Comments Off on Condo buyers can revoke contracts
Purchasers of condominium units may be entitled to revoke their contracts under a federal law requiring “full disclosure” by real estate developers, the Second Circuit ruled in reversing a dismissal, Bodansky v. Fifth on the Park Condo LLC, no. 10-0720-cv. (March 15).
Tagged with: federal law
Read More »March 16, 2011 Comments Off on Survey: New homes smaller, greener
The houses of the future — at least for the next five years — are going to continue a current trend of being smaller and greener. The smaller-size homes, according to a recent study by the National Association of Home Builders, are changing the ways homeowners use space.
Read More »March 14, 2011 Comments Off on House votes to end emergency mortgage aid
WASHINGTON, D.C. — The House voted Friday to kill mortgage assistance for homeowners who have lost their jobs or become ill, as the two parties battled over how to balance frugality and compassion at a time of enormous budget deficits.
Tagged with: Economy federal aid homeowners House of Representatives
Read More »March 10, 2011 Comments Off on City ready to sell Gregory Street property
The city of Rochester is issuing a request for proposals for the purchase and redevelopment of property it owns at 399 Gregory St. The deadline for submitting proposals is 4:30 p.m. May 16.
Tagged with: City of Rochester property sale
Read More »March 10, 2011 Comments Off on Foreclosure crisis entering a new phase
Foreclosure filings nationwide hit a three-year low in Feb and dropped 27 percent from a year ago, according to the latest study from RealtyTrac. Attorney Paul Riordan, foreclosure settlement conference referee for Monroe County ...
Tagged with: Foreclosures robo-signing
Read More »March 8, 2011 Comments Off on Underwater mortgages rise as home prices fall
The number of Americans who owe more on their mortgages than their homes are worth rose at the end of last year, preventing many people from selling their homes in an already weak housing market.
Tagged with: foreclosure housing market Mortgages
Read More »March 3, 2011 Comments Off on Schumer urges feds to OK PAETEC loan
Sen. Charles E. Schumer is seeking quick approval of a federal loan application for Perinton-based PAECTEC Holding Corp. to move its headquarters downtown. He has written to the U.S. Department of Housing and Urban Development ...
Tagged with: funding HUD Paetec Sen. Charles Schumer
Read More »March 1, 2011 Comments Off on Nothnagle opens Penn Yan office
Nothnagle Realtors is launching Nothnagle Realtors, Hometown Choice, a franchised office owned and managed by industry veterans Carol Bodine, Jim Moon, Mark Moon and Richard Murphy.
Tagged with: Nothnagle Realtors
Read More »February 24, 2011 Comments Off on New-home sales in January drop 12.6 pct
WASHINGTON, D.C. — Sales of new homes fell significantly in January, a dismal sign after the worst year for that sector in nearly a half-century. New-home sales dropped to a seasonally adjusted rate of 284,000 homes last month ...
Tagged with: Commerce Department drop new home sales
Read More »February 23, 2011 1 Comment
WASHINGTON, D.C. — More people bought previously occupied homes in January. But the increase was driven by rising foreclosures and all-cash purchases by investors, while the number of first-time buyers shrank.
Tagged with: Foreclosures
Read More »February 22, 2011 Comments Off on No appeal expected in challenge to Brockport law
The Village of Brockport’s 2008 law permitting property searches to check for building code violations is constitutional. The Appellate Division, Fourth Department has ruled that a village law passed in 2008 ...
Tagged with: Appellate Division Fourth Department Law
Read More »February 22, 2011 Comments Off on Home prices hit post-bust lows in most big cities
WASHINGTON, D.C. — Home prices in a majority of major U.S. cities tracked by a private trade group have fallen to their lowest levels since the housing bubble burst.
Tagged with: home prices Real Estate
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