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Weekly News (March 29, 2017)

1. Palisades Park town appoints new police women, Natalia Kim  ‘Natalia Kim’ graduated from Rutgers with Criminal Justice major Speaks 3 languages (Korean, English & Spanish) Will work as a traffic police 2. Samsung 837 becomes Landmark for NY (At 837 Washington Street) Samsung Marketing Center at Meatpacking District → ‘Digital Playground’ Marketing Center → Digital […]

Weekly News (March 22, 2017)

1. Leonia opens up liquor license  Town is used to be dry town / Only BYOB → making new ordinances for liquor license Currently only 1 license exists, but not used. If new ordinance passed in May, restaurants can get licenses by from auction 2. Hudson-Bergen Light Rail system: one step further   Public hearing for […]

Weekly News (March 15, 2017)

1. Closter, NJ looks to ban short term rentals   The Borough Council introduced an ordinances on 3/8/2017 that would ban short term rent under 30 Days → will vote on 3/22 ( A violation penalty is $1,250) Currently, Airbnb has 11 listings in the town on their website If the ordinances passed, neighbors can […]

Landlord and Tenant – Landlord’s Responsibility 2

Landlord and Tenant – Landlord’s Responsibility 2

The old who are close to their retirement face financial decision about the real estate asset they own. That is as important as they facing investment decision. In order to be eligible for government benefit, the retiree can choose not to own real estate asset at all. Often the retiree weighs the benefit of not having […]

Weekly News (March 8, 2017)

1. Former ‘Syms’ site will be used for Used Card dealer ‘CarMax’ Route 17 North bound in Paramus: 65,000 SF SYMS closed in 2012 One of largest and longest-standing retail vacancies in Paramus Founded 1958, profitable till 2000→facing new competition: T.J. Maxx 2. Leonia, NJ declares ‘Welcoming City’ resolution instead of Sanctuary city Originally proposed Sanctuary […]

Landlord and Tenant – Landlord’s Responsibility 1

Landlord and Tenant – Landlord’s Responsibility 1

The U.S. homeownership rate fell to 63.4 percent in the second quarter of 2015, according to the U.S. Census. That is down from 63.7 percent in the first quarter and from 64.7 percent in the same quarter of 2014. It marks the lowest homeownership rate since 1967. Household formation, however, is rising. The number of […]

Stephen Lee

Stephen Lee

C 랜드 부동산 대표, 스티븐 리. 지난 2013년과 2014년에는 전년 매출의 2배 이상을 올리며 급성장. 뉴저지 한인 부동산 가운데 최근 눈에 띄게 급성장하는 부동산업체를 꼽으라면 단연 C랜드 부동산이다.

Outlook – 2017 Real Estate Market

Outlook – 2017 Real Estate Market

According to national realtor association interest rate for mortgage can be as high as 4.5% for this year. The anticipation of further increase is based on Fed rate hike of 0.75% in December 2016.Mortgage rates tend to move with the government’s 10-year Treasury note, which serves as a benchmark for mortgages. Interest rates on the notes […]