Archive for July, 2010

Montauk Cornerstone Goes On The Market For Sale

Wednesday, July 7th, 2010

One of Montauk’s treasured landmarks is up for sale and being represented by Stacey Barnds of Town & Country Real Estate.   

Montauk has a few treasured landmarks and Salivars Restaurant and Bar has always been considered one of them.  This business has thrived as a family owned and operated establishment for over 54 years as a community hub for locals and tourists combined.  It is located in the heart of the Montauk docks and has been a fixture there since the mid 1940′s.  Known well as the only place in Montauk where you can get a drink and food 24 hours a day, this spot is a breakfast, lunch and dinner favorite for all.  A Montauk institution, this is a one-of-a kind offering with ample on-site parking, 53 seat indoor dining, 85 seat patio overlooking the water and six dock slips that can accommodate up to a 65 foot size boat.  Endless potential for a future business owner who wants to be a part of the fabric and history of Montauk.  

MORTGAGE MARKET WEEKLY UPDATE

Tuesday, July 6th, 2010

If you can’t see the newsletter, or would like to view it online, use this link If you have received this newsletter indirectly and would like to be added to our weekly distribution list, use this link
Eve Robin Jarrett
MANAGING DIRECTOR
Senior Mortgage Consultant
Manhattan Mortgage
Office: 631-324-1555 x 25
Blackberry: 631-697-3366
e-Fax: 631-514-3654
Email: EJarrett@manhattanmortgage.com

For the week of Jul 05, 2010 // Vol. 8, Issue 27
In This Issue

Independence Day

I hope you and your family enjoyed the Independence Day holiday weekend. And, I sincerely hope you have been enjoying your complimentary subscription to the MORTGAGE MARKET GUIDE WEEKLY.

Due to the July 4th holiday, the next full issue will arrive on Monday, July 12. In the meantime, check out the article below about protecting yourself and your family from the sun as you celebrate the summer.

The Mortgage Market Guide View…

Protecting Yourself from the Sun

Walk along a beach or spend a day at the pool and it will quickly become evident that a “golden tan” is often considered an outward indicator of one’s overall health or fitness. Medically speaking, though, these are very dangerous sentiments – especially when you consider the potential ramifications of unprotected exposure to the sun.

THE FACTS?

According to the CDC, exposure to ultraviolet (UV) rays is the biggest factor in developing skin cancer. And, cases of skin cancer have increased at a rate of roughly 3% every year, making it the most common type of cancer in the United States.

Malignant melanoma, the most serious form of skin cancer, is also the most common type of cancer for women between the ages of 25 and 29. Even though it is curable if caught early, when left unattended it can spread to other organs, most commonly the lungs and the liver.

THE FIX?

The very best thing you can do to protect yourself from the sun is to avoid intentional sunbathing altogether. However, for those who work in the sun, enjoy outdoor sports, or insist on obtaining a tan, there are a few things you can do to help your cause.

First, invest in a quality sunscreen. The best brands contain a UVA blocking ingredient known as avobenzone or Parsol 1789. Look for products with an SPF of at least 15 for the body, and 30 for the face. The bottom line is the more SPF the better, especially for fairer-skinned people. Apply sunscreen 20-30 minutes before any activity in the sun – allowing time for absorption – and reapply it every two hours or more frequently if you are swimming or partaking in strenuous activities.

Make sure you wear sunglasses with UV protection, since the rays have been linked to everything from cataracts to skin cancer of the eyelids. Hats and protective summer-weight clothing are also a must. For headwear, a wide-brimmed hat works much better than a baseball hat.

Also, make sure you take breaks (especially during mid-day) out of the sun. Seeking refuge in the shade for 5 to 10 minutes every hour helps maintain skin temperature.

Finally, do NOT bring an infant into the sun. Infants under six months are NOT supposed to wear sunscreen at all, which means they are even more susceptible to sun damage.

FINAL THOUGHTS ON SKIN?

It is believed that roughly 80% of skin change associated with aging is actually due to sun exposure. To help protect your skin, practice the tips above. In addition, perform regular self-checks for abnormal moles and freckles – and see a doctor at least once a year so he or she can do the same.

For more information, visit www.skincancer.org or www.cdc.gov/cancer/skin.

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Economic Calendar for the Week of July 05 – July 09
Date ET Economic Report For Estimate Actual Prior Impact
Tue. July 06 10:00 ISM Services Index Jun 55.5 55.4 Moderate
Wed. July 07 10:30 Crude Inventories 7/3 NA -1.90M Moderate
Thu. July 08 08:30 Jobless Claims (Initial) 7/3 NA 472K Moderate

The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is not without errors.

As your trusted advisor, I am sending you the Manhattan Mortgage Company Mortgage Weekly Update because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you.

In the unlikely event that you no longer wish to receive these valuable market updates, please USE THIS LINK or email: ejarrett@manhattanmortgage.com

If you prefer to send your removal request by mail the address is:

Eve Robin Jarrett
Manhattan Mortgage
75 Main Street, 2nd Floor
East Hampton, NY 11937
The Manhattan Mortgage Company is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. The Manhattan Mortgage Company does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.

Don’t take it just from us how good our associates are! Take it from the press!

Tuesday, July 6th, 2010

Town and Country carefully chooses its professionals. Judi Desiderio’s expertise and Quartery East End Market Insight reports are sought after sources of information. And information is what clients and customers alike need more than anything else for the most important business decisions people make: Real Estate decisions. Buy or sell? Hold on and rent/lease? How do I price my property if I decide to sell? How long are properties on the market? Are we past the bottom of the Market? No other reports more closely follow the specific East End, South Fork and North Fork, Real Estate Markets than Judi Desiderio’s reports – more than just statistics, because they include Judi’s daily experience as well. But our experience also shows in the press quotes of our associates: Cathleen Doldon was interviewed by Long Island Business News , I was quoted in the Suffolk Times last week on local RE conditions. Many of our listings were featured in articles in Newsday and other newspapers and magazines. Local papers have covered lots of events our brokers participate in or orgainzed, such as Newsday’s article on the Art Openings for Hamptons Artists in the Southold Office of Town and Country! So don’t just take it from us how good our associates are: Take it from the press!

HOME CONTRACTS DROP 30% IN MAY

Friday, July 2nd, 2010

The National Association of Realtors stated that its seasonally adjusted index of sales agreements for sales of previously owned homes fell from 110.9 to 77.6 April to May respectively, which was also 15.9% lower than the same month the year prior. This national statistic clearly shows the power of the government incentives which expired. What baffles me though, is why the government set up housing to take such a blow… You don’t need to be a genius to know that in a fragile economy such as this incentives are like bandaids, and if you rip them off too soon you bleed! Sometimes the injury is even worse due to this action… From day 1 I questioned why they didn’t ‘phase out’ all incentive programs. BIG MISTAKE!  I wonder what the next move is? Fortunately, our little microsm of a market here in the East End is somewhat insulated and is not experiencing what other markets are but the over all buyer confidence in the old American Dream of ‘Home Ownership" is taking quite a beating here. Will someone up there on that hill use their head please.. don’t rip off bandaids in this environment,, rather,, change the dressings wisely until we are out of the woods and the wound is healed.