Zillow, the largest U.S. real estate and home-related marketplace, has announced its entry into an agreement to acquire StreetEasy.
The StreetEasy Team is very excited about this new relationship. Zillow recognizes the strength of our product and brand, and our passion for helping real estate agents and brokerages. StreetEasy will continue to operate as usual with an unflinching passion for data integrity, a deep focus on the consumer experience, and a genuine dedication to support and nurture the relationships we have developed with the brokerage community in our city.
Zillow is committed to growing and supporting StreetEasy, so you can expect the same level of quality and integrity in our site and services that you have enjoyed from us over the years.
We are excited about this new phase in our evolution and confident that it will enable us to make StreetEasy even better for consumers, agents, and brokerages.
For those who haven’t stumbled upon it yet, check out the new version of our Open House Planner on the site. You can now add custom appointments from any listing page on StreetEasy, add meetings with your broker or clients, and sync with your Outlook/Google Calendar! Check it out here
We got a kick out of this episode of Louie, featuring Louis C.K., where the main character engages in his NYC apartment search and encounters the usual predicaments we real-estaters have grown to know and love. Skip to the 4th minute or so for the good stuff.
The New York Times recently wrote about the foreclosures and slow sales pace of Forest Hill, a “suburb” of Newark with architectural history and a state designated historic district. While many may not know the neighborhood exists, it has attracted young professionals and families with grown children who love architecture—and it’s differentiated itself from Newark’s reputation through it’s intriguing real estate culture.
“But Forest Hill is not Newark,” said P. J. Calello of the Calello Agency, a family company that has owned and managed property in the neighborhood for 25 years. “It’s part of Newark, but not in the real estate sense.”
One house on Lake Street here, a seven-bedroom five-bath Georgian colonial built in 1920, sold for $849,900 last year, having gone into contract four months after it was listed. In May, the six-bedroom brick colonial at 514-516 Highland Avenue, priced in the high $400,000s, went into contract after just four weeks.
Other houses — especially those at the fringes of the state-designated historic district in Forest Hill, and those priced above $500,000 — took longer to sell, or did not sell at all, even after a year or more, multiple listings show.
If you are not one of those incredibly lucky few who have screening rooms in their buildings, you know the pain of having to fork over $15 for a movie ticket (treats excluded). Well, fear not movie goers for its time to bring the romance back into going to the movies without breaking the wallet. Just bring a white bedsheet, a projector and your latest bootleg to your rooftop and voila- instant cinema magic. Class it up on a warm summer night with plush pillows, wine and a cheese platter to make an experience that is truly yours. Who needs screening rooms anyway?
Was it from a pile of drying dishes, or a child’s K’nex creation? Did it start after a failed metal-working shop, or is it the genius creation of a Delorean enthusiast? Regardless of it’s inspiration, I think most can agree that HL23 truly stands out as a bold statement in Chelsea (Kanye seems to agree)
We are looking for Steve’s House!
We are looking for Steve’s House!!
We are looking for Steve’s House!!!
Because we’re really smart!!!!
NorthJersey.com reports on the hike in property taxes seen across New Jersey, despite the Gov. Christie’s 2% cap signed into law last summer. The new law didn’t go into effect into Jan 1, 2011, and with the old cap nearly $1 Billion was collected in 2010.
Why do property tax bills keep going up? New Jersey, with its 21 county governments, 566 municipalities and 611 school boards, has a lot of local governments to fund. And those governments have been faced with many rising costs, including employee salaries, health care, utilities and fuel, among others. Those costs get passed on to property owners, who have paid a combined $4.1 billion – about 20 percent – more to local governments since just 2006.
What is being done to control property taxes? Last summer, Christie and the Legislature enacted the 2 percent cap on local property tax hikes that went into effect on Jan. 1. Local governments used to operate under a 4 percent cap that was easy for governments to get around, but many exceptions were eliminated in the new cap law. Now, to raise taxes by more than 2 percent, a government will have to go before the voters for permission unless their tax hikes are the result of rising health-care and pension costs, debt or for an emergency. Christie is also pressing lawmakers to pass a series of local government reform bills and cut benefits for public workers to reduce the costs that drive property taxes.
What about state aid? Most local governments have relied on help from the state budget in the form of grants and aid to help balance their own spending plans. But state revenue collections – primarily generated from business, income and sales taxes – have been hit hard by the recession and state spending has gone down as a result. Last year, instead of raising business, income or sales tax rates, Christie and the Legislature cut state aid to local governments by more than $1.2 billion as part of a broader effort to reduce state spending. But local governments still spent nearly the same amount as they did in 2009, even without the $1.2 billion in state aid, by raising an extra $962 million more from property-tax payers – effectively shifting more of the burden onto property owners.
Probably should have posted this last week, but anyway, the Village Voice has put together a list of the City’s top ten worst tenants. We’ve all had to deal with brutal neighbors, so it feels good every once in a while to read about some people who’ve had it off worse. Then again, who hasn’t lived next to a Hoarder or a Landlord Murderer?? Well done VV.
As reported by the NY Times , last month’s increased traffic in the Jersey Condo market is one that could give confidence to a market that desperately needs it…or it could just be the tease the state is dreading. Buildings like Crystal Point and Gulls Cove have been seeing traffic, but concerns over mortgage rate increases could dull the storm of new buyers.
Why would the sales heat up in February? Ms. (Angela) Ferrara suggested that one reason might be concern over mortgage rates’ climb beyond 5 percent, and over their potential to rise significantly, and fast, when the economy improves. About 60 percent of recent buyers at Crystal Point are employed in finance, she said, and therefore probably likely to keep a close watch on trends.
Also, she added, a tight rental market in New Jersey is probably a factor. The statewide vacancy rate is at a low 6 to 7 percent, according to market analysts; price breaks and other incentives have largely been abandoned; and monthly rates are starting to rise.