Author: barthorowitz

Where Are the Generation Y Home Buyers?

 Many buyers are delaying a decision to purchase a home because of the volatility of the real estate market. There is no larger category exhibiting this behavior than those of  Generation Y. To define this segment of the population, we go to Wikipedia: Generation Y, also known as the Millennial Generation (or Millennials), Generation Next, Net Generation, or Echo Boomers, describes the demographic cohort following Generation X. There are no precise dates for when the Millennial generation starts and ends, and commentators have used birth dates ranging somewhere from the mid-1970s to the early 2000s. Does this generation wish to own a home? Yes. A recent survey completed by Trulia shows people between the ages of 18-34 still believe in the concept of home ownership. 65% of those surveyed said “their American Dream includes owning a home”. Where are these adults living? Recent research form John Burns Real Estate Consulting shows the number of adults living with their parents has dramatically increased over the past eight years. Below is a graph showing the numbers:   Bottom Line Generation Y believes in homeownership. Yet, they are delaying the decision to purchase a home of their own. When they do decide to buy, they will impact the housing market in a big way. — Reposted with permission of Keeping Current Matters   The Staten Island Board of REALTORS® (SIBOR) is the...

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The Truth About Staten Island: Fox News Rates Ferry As One Of ‘The World’s Finest Freebies’

It sounds too good to be true – but these top-class experiences wonʼt cost you a penny. From bike trips to walking tours and tasting tea in Istanbul’s Grand Bazaar, getting to the heart of a destination was never so richly rewarding yet so downright…free. Staten Island Ferry, New York City, USA Cruises usually cost a packet. All right, this one only lasts 25 minutes. And thereʼs no quoits or cocktail lounge (though there is a bar selling beer). But it doesn’t cost a cent.  Read more ………  About The Staten Island Board of REALTORS® (SIBOR) SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property. SIBOR may be reached at 718-928-3220 and visited online at http://siborrealtors.com/. Media Inquiries: Relevant Public Relations, LLC Headquarters: 718‑682‑1509 Mobile: 917‑715‑8761 Email: info@RelevantPR.com  The Staten Island Board of REALTORS® (SIBOR) is the largest not-for-profit trade association in Staten Island,...

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Stalled Building Sites Slowly Spring To Life

A slight uptick in building activity cut the number of lifeless plots across the city by 8% last month. Biggest drops were recorded in Queens and Staten Island, smallest in the Bronx and Manhattan. As more projects were quietly restarted across the city last month, the number of stalled construction sites fell 8% from year-earlier levels to an average of 638, according to a recent New York Building Congress analysis released Wednesday. The group noted that the number of dormant sites in the five boroughs have now either decreased or remained steady for 11 consecutive months, a sign that the market is stabilizing. READ MORE … About The Staten Island Board of REALTORS® (SIBOR) The Staten Island Board of REALTORS® (SIBOR) is the largest not-for-profit trade association in Staten Island, N.Y. SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property. Comprised of over 1,800 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas. SIBOR is the provider of the Staten Island Multiple Listing Service (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate...

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New York Radio Celeb Elvis Duran, Zoo Animals Help Realtors Raise Thousands Of Dollars For Kids

New kids’ classroom, toys for children in need is top priorities  of annual Staten Island Realtors’ Holiday Party Staten Island, N.Y. (Dec. 5, 2011) – The Staten Island Zoo is on its way to having an up-to-date kids’ classroom, due to the fund-raising efforts of local Realtors and help from Z-100 radio host Elvis Duran. The star of the “Elvis Duran and the Morning Show” added to the enthusiasm as the Staten Island Board of Realtors (SIBOR) celebrated its Winter Wonderland Holiday Gala while raising dollars for a children’s classroom at the Staten Island Zoo. Duran mingled with partygoers throughout the evening, while a variety of exotic animals, courtesy of the zoo, added to the festivities. In addition to raising $10,000 to renovate the children’s learning room at the West Brighton facility, members of the Staten Island Board of Realtors (SIBOR) contributed scores of new toys to Community Health Action of Staten Island’s holiday-season toy drive for children in need. The fund-raiser and toy donation were a top priority of SIBOR’s annual holiday party, which took place Thursday (Dec. 1), at the Excelsior Grand in the Staten Island, N.Y., community of New Dorp. “This is the latest example of how the hard work and generosity of our Island’s real estate professionals contribute to the betterment of our community,” said Kathy O’Leary Garbarino, president of the Staten Island Board of...

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Thousands Of Dollars Raised For Kids At Staten Island Realtors’ Holiday Party

   FOR IMMEDIATE RELEASE:  FRIDAY, DEC. 2, 2011           Thousands Of Dollars Raised For Kids  At Staten Island Realtors’ Holiday Party         Fund-raiser, toys for children in need are top priorities of annual event Staten Island, N.Y. (Dec. 2, 2011) – The Staten Island Zoo is on its way to having an up-to-date kids’ classroom, due to the fund-raising efforts of local Realtors. In addition to raising $10,000 to renovate the children’s learning room at the West Brighton facility, members of the Staten Island Board of Realtors (SIBOR) contributed scores of new toys to Community Health Action of Staten Island’s holiday-season toy drive for children in need. The fund-raiser and toy donation were a top priority of SIBOR’s annual holiday party, which took place Thursday at the Excelsior Grand, in the Staten Island, N.Y., community of New Dorp. “This is the latest example of how the hard work and generosity of our Island’s real estate professionals contribute to the betterment of our community,” said Kathy O’Leary Garbarino, president of the Staten Island Board of Realtors. “The results of the fund-raising initiative are particularly remarkable in today’s economy, and would not have been nearly as successful without the support of our local business sponsors and the volunteer efforts of SIBOR’s Winter Wonderland Holiday Gala committee, especially committee chair Laird Klein and co-chair Tracy Cangiano.” SIBOR’s $10,000 contribution toward renovation of the Staten...

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