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Author: barthorowitz

Staten Island Home Prices Continued to Gain Traction in July, Data Reveals

STATEN ISLAND, N.Y. (August 2018) – Home sellers on Staten Island were encouraged in July, as Months Supply of Inventory was down 5.9 percent to 5.1 months, according to the latest data from the Staten Island Multiple Listing Service (SIMLS). The month showed home prices continuing to gain traction, with the Median Sales Price increasing 11.1 percent to $561,000. Days on Market was up 4.6 percent to 76 days. New Listings in Staten Island increased 3.4 percent to 604. Pending Sales were up 9.8 percent to 436. Inventory levels fell 1.0 percent to 1,984 units. Housing price bubble chatter...

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Staten Island Realtors’ ‘Pack To School’ Program Marks 16th Year of Donating Supplies to Kids

STATEN ISLAND, N.Y. (Aug. 9, 2018) – More than 300 local elementary school students will be starting the new school year with an assortment of brand new classroom supplies, courtesy of the Staten Island Board of Realtors (SIBOR). Now in its 16th year, SIBOR’s “Pack To School” program has provided thousands of backpacks stocked with marble notebooks, a ruler, crayons, washable markers, pocket folders, glue sticks, pencils and a pencil box to Island school children. This year, SIBOR’s goal is to once again provide hundreds of backpacks filled with student essentials, said Linda F. Smith, SIBOR director of membership...

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Staten Island Named Among Best Neighborhoods in U.S. to Find Affordable Rent in Big Cities

The Newtonian laws of real estate dictate that for every action there is an equal and opposite reaction. So when the sales market for new homes crashed and immolated a decade ago, folks flocked en masse to rentals in America’s top metros. But here’s the thing: They never stopped flocking! More Americans are renting now than at any point since LBJ was in the White House, according to a Pew Research Center analysis last year—nearly 37% of households, in fact. And with rents in America’s most seductive urban meccas rising just as fast as home prices, what was once considered a...

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4 Ways Homeownership Matters

June marks National Homeownership Month, which recognizes the value of homeownership and its positive impact on families, communities and the nation’s economy. This month allows a time to celebrate and promote the American Dream of homeownership and identify the many benefits of owning that roof over your head. “Most consumers know that homeownership is among the soundest investments an individual can make to begin building their personal wealth. However, owning a home is not just in the best interest of the homeowner. Homeownership provides social stability, builds communities and is a driving force for the national economy,” said Michael...

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Gain Equity – and Joy – By Remodeling Your Home

Have you been daydreaming about sprucing up your home in Westerleigh, St. George, Bulls Head, New Dorp, Prince’s Bay, or elsewhere on Staten Island? Your incentive could be to gain equity, resale value or simply find more enjoyment from your property. If you’ve been procrastinating about getting your home improvement started because you find the idea of a remodeling project too overwhelming to take on, you’re not alone. According to the National Association of Realtors® (NAR), many homeowners feel this way. In fact, 35 percent of homeowners in the U.S. said they would rather move than remodel their current home....

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