Real Estate Directory

The Golden Apple

Where is the most expensive place to buy or sell real estate? New York.

Not because of home prices although Manhattan is pricey . For the closing costs!

Bankrate, Inc. ran a survey that has New York State is the most expensive location in the country to close a mortgage transaction. The average closing cost in New York is $3,830, compared to Indiana (least expensive state) at $2,339. The survey looked at lender fees, title fees and settlement fees in 51 geographic locations.

New York Real Estate

The Orange County NY real estate market runs in the range of from less than one hundred thousand dollars to several million. A mixture of people from all cultures have settled here, from retirees to ones that just want to raise families. Just a few hours from New York City, it is a great place to purchase a vacation home. Why not take a ride, check it out. Maybe you'de like to live here too.

Queens & Nassau Real Estate

Carollo Real Estate- Serving the Entire Queens & Nassau County Areas is proud to announce a New Service which is sure to help your move go as smooth as possible.  Now with CarolloClassified.com you can post/search for FREE anything that you might have been considering throwing away.  Who Knows—you might make some extra cash on all the stuff you thought was trash!

Existing Home Sales Are Up?

What happened to the Bubble?

The National Association of Realtors reported Thursday that that sales of existing single-family homes and condominiums rose by 5.2 percent in February to a seasonally adjusted annual rate of 6.91 million units. This despite the predicte 5 % drop compared to last year.

The prices of homes sold in February rose to $209,000 for the nationwide median.That was 10.6 percent above the median price in February 2006.   

Economists believe that both new and existing home sales will dip by around 5 percent this year as rising mortgage rates cuts into demand.

But mortgage rates seem to have perhaps stagnated because of a drop in inflation. But Lereah said all indications so far were pointing to a gradual slowdown in sales to a more sustainable pace.

By region of the country, sales rose by 19.2 percent in the Northeast and were up 11.1 percent in the Midwest and 5.1 percent in the West in February. Only the South showed weakness last month with sales there dropping by 2.5 percent from the January pace.

Lereah said sales activity at present was really a "tale of two cities" with some of the hottest markets showing declines while some medium priced markets still posting strong sales gains.

He said that sales were down by double-digit levels in such hot sales markets as Phoenix, Fort Lauderdale and San Diego. He said, by contrast, sales were up by double-digit amounts in aeas such as Indianapolis, Albuquerque and Houston.

Luxury Estates

USA Today reported that their were 28 homes selling for $10 million or more in 2004, up from 18 in that price range in 2003.

The most expensive is the $75 million home in the Hamptons. It sits on 60 acres with 14 gardens and three ponds, in addition to the 18-hole golf course.

Also on the market is a $65 million, 11,000-square-foot home on Belvedere Island, with sweeping views of San Francisco Bay. 

Many of the high-end prices are in traditionally high-end markets such as New York, San Francisco and Palm Beach, Fla.