Archive for the 'North Sea' Category

US Home Prices & New Home Sales BOTH rise!

Thursday, October 27th, 2011

WASHINGTON: The Standard & Poor's/Case-Shiller index showed home sale prices rose in August from July in 10 of the 20 cities tracked. This is an indication of stabilization in some of the hard hit portions of the country. July was the 5th straight monthly gains in half the cities monitored.

Additionally, the US Commerce Department released the New Home Sales Report for September which showed a strong increase of 5.7% to a seasonally adjusted annual rate of 313,000 homes.

The National Association of Home Builders reports that for each new home built, 3 jobs are created for a year and generates $90,000 in taxes….All good news for the National Home Markets and our financial recovery!

Now if the banks would get on board we'd see the recovery speed up.


Tuesday, October 18th, 2011

Wall Street Journal's Jack Hough, titled his article on Saturday just that… "It's Time to Buy That House".

He discusses the National Association of Realtors, Housing Affordability Index, which Town and Country has written about several times this year, which was 183.7 in August. According to NAR a reading of 100 would indicate that the median income family with a 20% down payment can afford a mortgage on a median priced home.

Jack gives an example of a median priced home in greater Phoenix, purchasing it with 20%, at todays 4.12% interest rate, results in monthly payments less than half what the rental for the same home would be.

Of course, as we discussed many times in prior blogs, the banks are being piggy and not lending the money they should, even to qualified buyers. This must be rectified first, in order to move forward!

Personally, my sentiment has always been the same. I'd rather keep my money in "East End dirt", as I call it, rather than anywhere else on the planet!

As Kramer would say, "Buy, Buy, Buy".

Origin of East End Names

Tuesday, October 26th, 2010

Sagaponack, Accabonac Harbor, Towd Point, Nappeague Stretch, Paumanok Trail  - the list of unique and original names on the East End is endless. Think about it – the street you live on, the body of water you sail on, the school, market, beach.  Where did these names originate from?

We set out to find out about one in particular when a friend of mind, who has lived here all his life, asked what "towd" meant? Easy enough, or so I thought. I asked my colleagues in the East Hampton office – no one knew, but that wasn’t too surprising being as every place with the name "towd" is located in Southampton. So I called our Southampton office – no one knew there either. Now that WAS surprising. I emailed a friend from Southampton who was born and raised there – third generation Southampton family – for sure he would know. Wrong! He too had no idea. Of course I had googled it before setting out contacting anyone but that returned just this little tidbit:

"Fulk Davis was one of the earliest settlers in Southampton and had land laid out for him in 1642. He afterwards moved to North Sea and lived near the locality known as  "Towd." – A History of Long Island

Still not really an explanation of where the name came from.  Stumped – how could I find out where "towd" came from? What better place than our Southampton hometown paper – the Southampton Press. So I emailed my sales rep and voilå, within 2 minutes I had the answer: 

According to Bill Mulvihill’s book "South Fork Place Names" it’s derived from an Algonquin meaning "wading place".

Perfect, thank you Southampton Press for being such an information source. I spread the news to all those who were as puzzled as I was and, of course, my friend who originally started me on this mission. I could now call it a day!

If you have an East End name you would like more information on just let us know and we will go in pursuit of the the answer.


Saturday, August 21st, 2010

Aren’t Open Houses are a fun way to find the home of your dreams?

If you are looking for a home with a dock – this weekend is great: Town and Country Agents are making it possible to see quite a few -priced right- waterfont homes with private docks on the North Fork- for your convenience-no appointments needed!

Our T&C agents are professionals who know the RE market – that’s their business. So do not hesitate to pick their brains while you visit their open houses. Remember-they know the best homes on the market: ask them for their favorite listings! 

Click here for this weekend’s Open Houses

Welcome to Town & Country Blog

Wednesday, June 25th, 2008

All of us here at Town & Country would like to extend a warm welcome to our visitors. We look forward to hearing your comments and thoughts and will reply accordingly and timely. best, Judi A. Desiderio, CEO