Posted on

Almost Half of Homes in New York and D.C. Are Now Losing Value

realesate

A new home-price index is a warning sign for some property markets

September 3, 2015 — 8:00 AM EDT

Prashant Gopal

Almost half of single-family houses in the New York and Washington metropolitan areas are losing value, a sign that buyers’ tolerance for high prices in many large U.S. cities may be reaching a limit.

The values of 45 percent of houses in both the Washington and New York areas slumped by at least 2 percent in June from a year earlier, according to a new index created by Allan Weiss, co-founder of the Case-Shiller home price indexes. In June 2014, only 15 percent of Washington residences dropped in value, while 20 percent fell in New York. Because the index is of only single-family homes, it doesn’t include Manhattan. More properties also were in decline in Los Angeles, Chicago, Phoenix and Miami.

A steady rise in U.S. home prices since the bottom of the market combined with weak income growth has made housing less affordable, especially in big cities. Credit remains tight and demand is now being driven primarily by buyers dependent on mortgages, as foreign buyers and investors pull back from the market.

https://www.bloomberg.com/news/articles/2015-09-03/almost-half-of-homes-in-new-york-and-d-c-are-now-losing-value

Posted on

Ridgewood Open Houses for August 2,2015

1521212

$1,450,000 – 51 N Hillside Pl, Ridgewood NJ

$6,300 in Ridgewood
MLS # 1529943
128 Melrose Pl, Ridgewood, NJ 07450
5 Bedroom, 2 Full Bath,
1 Half Bath, House
Lori Lettieri, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
21

$500,000 in Ridgewood
MLS # 1513382
282 Cedarcroft Rd, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath, S/L
Daniel Brozyna, Broker Associate
Weichert Realtors, West Milford
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
24

$519,000 in Ridgewood
MLS # 1531125
452 Dorchester Rd, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath,
2 Half Bath, C/C
Marilyn Nuber, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
1

$529,000 in Ridgewood
MLS # 1523480
482 Northern Pkwy, Ridgewood, NJ 07450
3 Bedroom, 2 Full Bath, C/C
Joyce Albert, Sales Associate
Terrie O’Connor Realtors/Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
21

$542,000 in Ridgewood
MLS # 1521335
647 Ellington Rd, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath, C/C
Christopher Kaufman, Sales Associate
Keller Williams Village Square Realty
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
15

$589,000 in Ridgewood
MLS # 1524453
278 Cedarcroft Rd, Ridgewood, NJ 07450
4 Bedroom, 1 Full Bath,
2 Half Bath, S/L
Denise Jarrett, Sales Associate
Prominent Properties Sotheby’s International Realty-Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
16

$649,000 in Ridgewood
MLS # 1530460
328 Marshall St, Ridgewood, NJ 07450
3 Bedroom, 1 Full Bath,
1 Half Bath, Col
Anne Marangi, Sales Associate
Terrie O’Connor Realtors/UpSdRv
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
24

$675,000 in Ridgewood
MLS # 1529143
328 Jefferson St, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, B/L
Jennifer Brito, Sales Associate
Gilsenan & Co.
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
15

$695,000 in Ridgewood
MLS # 1528010
531 N Monroe St, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath,
1 Half Bath, Col
Rocio Hernandez, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
20

$699,000 in Ridgewood
MLS # 1529134
311 Downs St, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, C/C
Joyce Albert, Sales Associate
Terrie O’Connor Realtors/Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.D1QAWIjf.Vl6puyrI.dpuf

$819,000 in Ridgewood
MLS # 1528348
317 N Pleasant Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Lori Lettieri, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
25

$849,000 in Ridgewood
MLS # 1512219
30 Circle Ave, Ridgewood, NJ 07450
4 Bedroom, 2 Full Bath,
1 Half Bath, Col
Michael E. Senchak, Sales Associate
RE/MAX Properties-Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
20

$849,900 in Ridgewood
MLS # 1525838
256 Brookside Ave, Ridgewood, NJ 07450
3 Bedroom, 3 Full Bath,
1 Half Bath, Ranch
Laura French Spada, Sales Associate
Barbara French, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
25

$875,000 in Ridgewood
MLS # 1519728
107 Liberty St, Ridgewood, NJ 07450
4 Bedroom, 3 Full Bath, Contp
Jane Ferlanti, Broker Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
20

$1,025,000 in Ridgewood
MLS # 1525277
197 Lincoln Ave, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Mary E. Soriano, Sales Associate
Coldwell Banker, Saddle River
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
22

$1,149,000 in Ridgewood
MLS # 1522106
224 Lincoln Ave, Ridgewood, NJ 07450
6 Bedroom, 4 Full Bath,
1 Half Bath, Col
Frances Ekblom, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 8/2
25

$1,450,000 in Ridgewood
MLS # 1521212
51 N Hillside Pl, Ridgewood, NJ 07450
5 Bedroom, 4 Full Bath,
1 Half Bath, Col
Rose Hueneke, Broker Associate
Keller Williams Village Square Realty
Open House: 2:00 P.M. – 5:00 P.M. Sun. 8/2
25

$1,750,000 in Ridgewood
MLS # 1519573
371 Crest Rd, Ridgewood, NJ 07450
5 Bedroom, 3 Full Bath,
1 Half Bath, Col
Samira Cook, Sales Associate
Coldwell Banker, Ridgewood
Open House: 1:00 P.M. – 4:00 P.M. Sun. 8/2
25

$1,999,999 in Ridgewood
MLS # 1530103
298 Greenway Rd, Ridgewood, NJ 07450
6 Bedroom, 5 Full Bath,
1 Half Bath, Col
Ellen Quinn, Sales Associate
Tarvin Realtors
Open House: 1:00 P.M. – 4:30 P.M. Sun. 8/2
– See more at: https://www.njmls.com/NJ/BERGEN/RIDGEWOOD-open-houses#sthash.D1QAWIjf.Vl6puyrI.dpuf

Posted on

Drones Could Be Next Tool for Ridgewood Real Estate Agents

drone-300x170

file photo of the Ridgewood blog Drone

Drones Could Be Next Tool for Ridgewood Real Estate Agents
Real Estate News 
Jan 2, 2014 
By: Erik Gunther

Scott Gerami says he’s always “had a passion for gadgets and technology,” and after 26 years in real estate, he’s still looking for an edge to make his listings stand out in a crowded marketplace.

Over the past year, the REALTOR® and managing broker of RE/MAX in Naperville, IL, has been tinkering with a camera-equipped drone aircraft to make his real estate photography really soar.

Folks in the Chicago suburb shouldn’t be alarmed if they see Gerami standing outside a home with a control panel, piloting one of his do-it-yourself flying machines overhead.

The intrepid Gerami is not alone. According to The New York Times and Chicago Tribune, the next trend in real estate photography is being deployed in increasing numbers to capture new angles on high-end homes for sale.

While regulatory issues on these unmanned aircraft are still being sorted out, the birds-eye views are enticing to agents such as Gerami. “I’m looking for unique ideas to set myself apart,” he said.

After watching one of Gerami’s drone-driven videos, you’ll get a sense of how the next wave in real estate photography is taking flight. He first built a couple of “rough and crude” devices “from the ground up,” but he’s continued to make refinements that have allowed him to explore new ways of deploying his flying machine.

He said his latest model, his fourth, cost him about $1,200 to build.

https://www.realtor.com/news/bring-in-the-drones-real-estate-from-above/#.UsuDEWRDuMQ