Sunday, December 28th, 2008
In the Region: Housing Inventories on the Rise
A new assessment of the New York region presents a generally unlovely picture of residential sales markets in terms of unsold real estate inventory.
A new assessment of the New York region presents a generally unlovely picture of residential sales markets in terms of unsold real estate inventory.
Somers, N.Y., has a landscape of trees, hills and reservoirs that is punctuated by buildings, most tucked in discreetly along winding, hilly streets.
Some builders say that even as Wall Street stumbles and most home buyers wring their hands, their customers have full pockets with lots of money to spend.
Westchester’s decrease in sales in June was 11 percentage points worse than for Connecticut as a whole.
For decades, planning board officials discouraged apartments above stores in Hastings-on-Hudson’s small-business district. These days, officials are rethinking that approach.
The Fleetwood area of Mount Vernon, in southern Westchester County, has streets lined with lush gardens and is only a 30-minute rail commute from Grand Central Terminal.
Three councilmen in New Rochelle are seeking more oversight of the city’s industrial development agency.
The sale of unfinished homes, most of them empty shells, is another sign of distress in a sliding market.
For sellers who have watched the prices on their houses slide in recent months, the idea of eliminating the middleman — a real estate agent and his or her 6 percent commission — can be alluring.