The New Urbanization results in winners and losers…

In previous post, Downsizing – The waiting game, I alluded to the winners and losers in the new urbanization. This time I decided to delve a bit more deeply into the matter and share some thoughts on the topic generally. This is not about real estate specifically, but more about creating a vision for outlying areas in our towns and cities.

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Downsizing – The waiting game…


Hudson Harbor Townhouses-HDR-DryBrushMost empty-nesters eventually want to downsize and many are exploring their options. For most, the issue isn’t  a matter of if, but when. Its both an emotional and financial decision that on a scale of 1-10 rates an 11 on life-changing events.

Complicating matters is an underlying issue that often takes empty-nesters by surprise. What they are finding is that even though their home is rising in value, the housing recovery has been very uneven and often not working in their favor.

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The municipalities of Westchester – official links…

Main Street - Tarrytown-Spring - labeled- 960Westchester is home to many towns villages and cities.  It can all be more than a little bit confusing.  We have several cities including  Cortlandt, Mount Vernon, New Rochelle, Rye City, White Plains and Yonkers.  The towns are often subdivided into villages and hamlets which can create a hodge-podge of confusion.

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School Daze – Learning more about Westchester Schools…

SchoolHouse copyFor many home buyers, one of the biggest considerations is the local school system.  The Westchester school systems are quite well know for their excellence.  But they are also a crazy tangle of  districts overlapping towns and villages. For example, a post office address of Scarsdale can put a home in either the Scarsdale, Edgemont, Eastchester or Yonkers school district. And if that doesn’t give you a migraine, remember that that’s just one post office address.  A good agent can help home buyers navigate this maze.

Where we  can’t be of much help is when buyers ask specifically about the quality of individual schools or  school districts.  I am often in the position of having to say that I can not offer an opinion on this very important issue. Steering laws forbid us from weighing in on issues of this nature.

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The “Westmoreland Project” – Reclaiming residential space through rezoning…

Swackhamer Rehab - White Plains NY 10606Over the past couple of years, White Plains has once again become a developers darling. There are several major projects underway, four of them clustered around the western portion of the downtown.

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State of the White Plains NY housing market – Trends from 2015…

The White Plains housing market has been trending upwards since the bottoming out from the housing crisis of 2008. The popularity of White Plains has been increasing over the years, particularly in the downtown. Many non-residents think of it as strictly a city until they see the charm of the outlying suburban areas.  These represent two distinct markets for White Plains and both are doing well.

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General Real Estate Trends – Move-up buyers…

 

15 Kilmer - Larchmont - web- smallPodcast Transcript:

This is the final installment of my short series on the state of the Westchester housing market and today I will be talking specifically about move-up buyers.

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General real estate trends – Downsizing…

Hudson Harbor Townhouses - Tarrytown NYPodcast Transcript:

As I said in my last podcast, people are always asking me for quick  “market updates”.  Today I’m going to give another quick assessment of the current Westchester market. The last podcast targeted first-time buyers.  This podcast is about empty-nesters and others wishing to downsize.

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General real estate trends – First time homebuyers

j346 - LR2 copy

Podcast Transcript:

People are always asking me about “how the housing market is doing”.  Although I haven’t gone over the final stats from 2015 on the Westchester housing market, I am going to give an anecdotal response to this question in advance of doing my total geek dive into the land spreadsheets, numbers and graphs.

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Breaking Ground in White Plains – 55 Bank Street…


55 Bank St White Plains - RenderingRecently, I have been posting about the bull market in Westchester NY.   Well, new construction  is always a sign of a bull housing market!  On Nov 19 the LCOR project at 55 Bank Street had its ground-breaking ceremony on a complex that when complete, will add 561 vitally needed units to the housing stock.

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