Embed Size (px)
Citation preview
++
Dana DeckerPrincipal Broker, GRI(c) [email protected]
Corrie OustadAssoc. RE Broker
Marinda MeyersRE Coordinator
Joanne M. SweeneyAssoc. RE Broker, GRI(c) [email protected]
Carrie WhiteRE Salesperson
Michelle ReynoldsRE Salesperson
Adele FetterlyRE Salesperson
Jenna GregoryRE Salesperson
Rosemary TaboneAssoc. RE Brkr., CBR (c) [email protected]
Kaitlin BerryRE Salesperson
Tom CumminsAssoc. RE Broker
Trevor SydneyRE Salesperson
David DonlickAssoc. RE Broker
Diann Potter Assoc. RE Brkr., CBR (c) [email protected]
Sally Brown KurtzAssoc. RE Brkr., CBR, GRI(c) [email protected]
Gugulethu PinckneyRE Salesperson
HappyHolidays
FromOur FamilyTo Yours.
EstateCortland StandardReal
Thursday, January 2, 2020
Featured Listings
HeritageRealty Hage
Real Estate
Howard Hanna Real Estate
YamanReal Estate
Featured Home
Welcome to this immaculately main-tained 2 bedroom, 1.5 bath townhome located in Cortlandville. You will ap- preciate the feeling of security and privacy with this fantastic layout. You are welcomed through the front door into the foyer that leads you into the living space. The 1st �oor consists of a dining area adjacent to the kitchen. There is a spacious living room with a door that leads to the back patio. The living room features a breakfast bar that opens into the kitchen. There is also a 1/2 bath on the 1st �oor. The 2nd �oor has 2 bedrooms and 1 bath, including the master bedroom that has a soaking tub. The laundry is also housed on the 2nd �oor for your convenience. Plenty of closet and storage space throughout includ-ing the oversized 1 car garage. Enjoy the gazebo and nice landscaping! MLS# S1242618. $146,500. Call Dana Decker, Principal Broker, GRI, 607-423-4719, at Heritage Realty. For this listing and more visit www.hometoheritage.com or call Heritage Realty, 607-428-0708.1142 The Park #B, Cortlandville
2A — Cortland Standard, Thursda , January 2, 2020 Real Estate
HOURS:MON.-FRI. 8:30AM-5:00PM, SAT. 9AM-1PM,
OR CALL FOR AN APPOINTMENT!
LindaMuirheadSalesperson423-4256
SteveCinquantiAssoc.Broker/
Commercial Sales423-7800
NickiWynn
Assoc. Broker/Office Manager745-3942
(607) 753-9644For a complete list of homes for sale, visit:www.yaman.com
Built in 2007 with an open floor plan.MLS #S1197820
$420,000Call Terry Howell
LAPEER
Historic Bennett Hotel is turn key.
MLS #S1231686$89,900
Call Ashley Warfield
CINCINNATUS
Dine in front of the gas fireplace.
MLS #S1215383$285,000
Call Connie Mack
CORTLAND
Modern kitchen layout w/eat-in area.
MLS #S1130258$499,000
Call Tim Alger
CORTLANDVILLE
Over 3,500 sq. ft.of living space.MLS #S1187989
$249,900Call Jamie Yaman
CORTLAND
Pricedto move.
MLS #S1231251$19,900
Call Pamela Cullip
CORTLAND
Newer roof, furnace, vinyl siding and windows.
MLS #S1223914$124,900
Call Nicki Wynn
CORTLAND
Open living area and large bedrooms.MLS #S1224603
$139,900Call Nicki Wynn
GROTON
Village living and tons of space.
MLS #S1235990$129,900
Call Terry Howell
HOMER
Amazing ranch home with over 70 acres.
MLS #S1243211$259,000
Call Tim Alger
LISLE
Fully rented 8 apts. and an established bar.MLS #S1196689
$325,000Call Pamela Cullip
CORTLANDVILLE
JamieYaman
Principal Broker423-1369
Our mission at Yaman Real Estate is to be the most respected, reliable, and effective real estate service provider available.
TOP AGENT OF PERFORMER THE MONTH
Turn key bar/tavern in the center of town.
MLS #S1176705$249,900
Call Nicki Wynn
CORTLAND
Enjoy the view ofthe slopes.
MLS #S1196638$215,000
Call Pamela Cullip
VIRGILKarinaMurphy
Salesperson379-9815
ConstanceMack
Assoc. Broker745-8802
AshleyWarfield
Salesperson745-8531
IngridDunham
Salesperson591-9216
TerryHowell
Assoc. Broker423-2385
Build this gorgeousCape Cod style home!
MLS #S1176636$259,000
Call Jamie Yaman
CORTLANDVILLE
Sue Sherman-Broyles
Salesperson227-0532
Offers the space a family can never grow out of.
MLS #S1150341$380,000
Call Pamela Cullip
HOMER
The Premier Name in Real Estate185 Clinton Avenue, Cortland, NY 13045
JoanPlew
Assoc. Broker275-7072
NEW
LISTIN
GN
EW
PRICE
NEW
PRICE
TracyKoenig
Salesperson423-9745
SandyLudwig
Assoc. Broker745-5181
Pamela CullipSalesperson261-0439
TimAlger
Assoc. Broker423-6174
Pam WilliamsSalesperson745-3731
SusanBriggs
Assoc. Broker745-3355
Well maintained 2-unit priced to move.
MLS #S1240420$75,000
Call Tim Alger
CORTLAND
Solid city house with tons of potential.
MLS #S1241039$59,900
Call Karina Murphy
CORTLAND
Sit by the fireplace in the living room.MLS #S1205570
$199,900Call Tracy Koenig
MARATHON
Howard Hanna Featured Property
GREAT OPPORTUNITY to invest in student housing. 6 Bedrooms, 2 full baths, laundry, many updates. Call for details. MLS# 1236735 $150,000. Shuryl Menapace, Salesperson, 423-3842. For other listings, call Howard Hanna Real Estate Services at 607-257-0800.
Find the right person to buy yourforgotten treasures through a
Classified Ad
Heritage Featured Property
44 Evergreen Street, Cortland. $154,900. Welcome to this beautifully maintained and updated three bedroom, two full bath West End home. Original, re�nished hardwood �oors greet you as you enter through the front door. Adjoining is the completely remodeled kitchen featuring Brazilian granite countertops, and black stainless steel appliances. The breakfast bar overlooks the formal dining room. The �rst �oor is completed with a full bath and spacious mud room. As you make your way up the stunning staircase, you will �nd the three bedrooms and full bath with laundry on the second �oor. 50 Yr. shingles with transferable warranty, baths remodeled, exterior paint, new water heater and newly fenced-in backyard are just a few of the items that make this home low maintenance for its new owner. Make sure to schedule your showing today. MLS#:S1243471. Call Adele Fetterly, Lic. RE Salesperson, (c) 315-378-2663, at Heritage Realty. For this listing and more visit www.hometoheritage.com. Heritage Realty, 607-428-0708 office.
Real Estate CornerCortland CountyBoard of Realtors
Cortland County Board of Realtors® — The Voice of Real Estate
In November, the Federal Reserve reduced its benchmark rate for the third time this year.
This action was widely anticipated by the market. Mortgage rates have remained steady this month and are still down more than 1 percent from about this time in 2018.
Residential new construction activity continues to rise nationally. The U.S. Commerce Department reports that new housing permits rose 5% in October to a new 12-year high of 1.46 million units.
New Listings were up 3.4 percent to 30. Pending Sales decreased 31.8 percent to 15. Inventory grew 12.6 percent to 179 units.
Prices moved higher as the Median Sales Price was up 5.0 percent to $128,660.
Days on Market decreased 22.2 percent to 49 days. Months Sup-ply of Inventory was up 45.7 percent to 6.7 months.
While many economic signs are quite strong, total household debt has been rising for twenty-one consecutive quarters and is now $1.3 trillion higher than the previous peak of $12.68 trillion in 2008.
While delinquency rates remain low across most debt types (in-cluding mortgages), higher consumer debt loads can limit future household spending capability and increase risk if the economy slows down.
———Current as of December 10, 2019. All data from the Cortland
County Multiple Listing Service. Provided by the New York State As-sociation of REALTORS®. Report © 2019 ShowingTime. For more information, to find a local Realtor®, CCBR Affiliate Member, Ap-praiser or local listings, please visit www.cortlandmls.com.
Mortgage rates steady; residential building continues to rise
++
Cortland Standard, Thursda , January 2, 2020 — 3AReal Estate
Hage Featured Property
NEW LISTING ~ Situated on a hill with almost two acres – huge second �oor master suite with full bath – open �oor plan on �rst �oor with kitchen, dining room, living room – full bath, two-car garage and more. This home has been redone from bottom to top – Ready to move in!! ~ $107,000 ~ MLS# S1243069. 2557 State Route 26, Cincinnatus. Call Mary Lee Faucher, Lic. RE Slsp., today for your private tour, c. 585-729-2645, Hage Real Estate. For this listing and others visit www.hagerealestate.com or call 607-753-6766.
Yaman Featured Property
NEW LISTING 185 Butter�eld Road, Lisle. Your little slice of heaven awaits – this wonderful home sits upon 70 fabulous acres with so many trails you’ll have hours of riding. This ranch home of-fers single �oor living, but the potential to have more space �nished in the walk-out basement. You are sure to enjoy the large covered porch and gazebo as you relax. The home is bright and cozy with an open kitchen/dining room layout. The living room also has a woodstove for heating options as well – all this and close to ski-ing, trails, state lands, hiking and more! Call to see this home and walk the property – you won’t be disappointed! MLS# S1243211. $259,000. Call Timothy Alger, Lic. Assoc. RE Brkr., 423-6174.
Getting a loan may require more personal data
Housing trends could extend
builders’ gainsLOS ANGELES (AP) — U.S.
homebuilder stocks have been on a tear this year, with most in-dividual companies on track to close out 2019 with gains well ahead of the broader market.
A combination of low mort-gage rates, a strong labor market, rising wages and the lowest un-employment rate in a half century have helped drive new U.S. home sales higher this year.
A persistently limited supply of previously occupied homes for sale at a time when millen-nials are increasingly seeking to become homeowners has also helped to stoke demand for new homes.
Economists predict these trends will continue to drive sales of new homes next year, barring a spike in mortgage rates or a se-vere shock to the economy.
The improved outlook for housing next year increases the likelihood that builder stocks will rack up more gains next year.
“I don’t think the industry is going to have a demand problem in 2020,” said Wedbush analyst Jay McCanless. “We just need mortgage rates to behave.”
Lower interest rates, thanks to the Federal Reserve’s three cuts this year, as well as falling yields on U.S. government debt, helped spark the housing market’s gains after a sluggish start to the year.
The average rate for a 30-year fixed-rate mortgage is near his-torically low levels at 3.73%. That’s down from 4.62% a year ago, according to mortgage buyer Freddie Mac.
The lower rates, which give homebuyers more pricing power, have helped spur higher sales of both new and previously occu-pied homes.
Sales of new U.S. homes hit a seasonally adjusted annual rate of 733,000 in October, up a hefty 31.6% from a year earlier. Economists project that Novem-ber’s sales data, due out next week, will show another pickup. Builders have also enjoyed rising home prices. The median price of a new home sold in October rose to $316,700, a 3.7% increase from a year earlier.
The ramp up in sales has build-ers feeling more optimistic about their sales prospects than they’ve been in nearly two decades.
As a result, they’ve ramped up construction, applying for permits last month at the fastest rate since May, 2007. The pace
of new construction is running well ahead of this time last year. The November snapshot showed housing starts, a measure of new-ly begun construction of houses and apartments, climbed to a seasonally adjusted annual rate of 1.37 million, the highest rate since before the housing bubble burst more than a decade ago.
Recent forecasts from housing economists call for home sales and housing starts to continue climbing in 2020.
By ANNIE MILLERBERND NerdWallet
Would you feel comfortable disclos-ing your bank account information on a personal loan application? What about your work history? Your college major?
That’s what it could take to borrow money from some loan companies that consider alternative data — which can be anything that isn’t in your credit re-port — when deciding whether to ap-prove your loan application.
Companies that use the data say it helps them better evaluate applicants by giving them insight beyond a credit report, which usually shows things like your name, address, Social Security number, and current and past credit ac-counts.
But some consumer advocates say that while certain types of alternative data can be promising for consumers, others have the potential to reinforce existing racial and economic disparities and limit access to money for low- and middle-income people.
DOES IT HELP OR HURT?With the consumer’s approval, using
bank account information like credits and debits — which can show respon-sible financial behavior — on a loan application can be positive for those historically underserved by the credit system, says Chi Chi Wu, an attorney with the National Consumer Law Cen-ter, a consumer advocacy group.
But incorporating educational and occupational data in a loan application “replicates existing inequality and it re-inforces it,” she says.
Wu referenced racial disparities in oc-cupational and educational attainment in testimony she gave to the U.S. House Financial Services Committee about the use of alternative data in credit scoring and underwriting.
A 2018 Bureau of Labor Statistics re-port shows that 41% of employed white people and 54% of Asian people work in professional or management fields, while 31% of employed blacks and 22% of Latinos work in those fields.
But Dave Girouard, CEO and co-founder of online lending platform Upstart, which asks for financial in-formation, education and work history on loan applications, says the company works closely with regulators to avoid unfair bias in its application decisions.
When tested against a model that uses
traditional credit and application infor-mation, the combination of alternative data and machine learning that Upstart uses to assess borrowers approved ap-plicants with 620 to 660 credit scores — bad-to-fair scores on the FICO scale — about twice as often, according to a post on the Consumer Financial Protec-tion Bureau’s website summarizing the test.
Girouard says that while many of the variables Upstart considers in an appli-cation decision have a clear connection to an applicant’s financials, others are
considered because the algorithms the company uses have deemed them rel-evant to someone’s ability to repay.
“Our model wouldn’t care about a variable unless it had demonstrated that it’s predictive,” he says.
DON’T DISCOUNT YOUR CREDIT SCORE
Lenders and consumer advocates agree the credit scoring system is im-perfect. The Federal Trade Commission reported in 2013 that 1 in 5 Americans had a mistake in at least one of their
three credit reports. You can check for errors on your credit reports for free.
Wu says a credit score can also rep-resent an economic advantage or dis-advantage that’s outside of a person’s control.
“In terms of lending without rep-licating existing disparities, it’s hard because even the credit score itself has racial disparities,” she says.
But many lenders have a minimum credit score requirement for an unse-cured loan, because it’s still considered a strong indicator of your financial re-sponsibility.
Online lender Earnest requires bor-rowers have at least a 680 credit score to get a personal loan. But Chief Prod-uct Officer David Green says the com-pany also asks applicants to link bank account information to give a more current view of how that person spends and saves.
“(Your credit score) is still a big deal because … it’s a very robust dataset and it’s an important part of your financial story,” Green says. “I looked at thou-sands and thousands of credit reports in my first couple years at Earnest, and a lot of times you can tell (the credit score) just is telling the wrong story.”
LENDERS NEED CONSENTAn increase in the intrusive nature
of the data lenders consider in applica-tion decisions should be met with more transparency to the consumer about what’s being used, says Brent Adams, senior vice president of policy and communication for the Chicago-based financial research and advocacy non-profit Woodstock Institute.
“There’s another piece of this which (is) — it’s inevitable,” Adams says. “There’s no real point in digging one’s heels in and opposing the use of alter-native data because it’s inevitable.”
Associated Press file photoDowntown Los Angeles buildings and officer workers are reflected in the front windows by a bank. When ap-plying for a personal loan, some lenders may ask you for information that isn’t on your credit report.
4A — Cortland Standard, Thursda , January 2, 2020 Real Estate
Thank You For A Fantastic 2019!
Not Only Are We SOLD on Cortland County...We’re SELLING Cortland County!
A Samplingof
Our ListingsSold in
2019
(607) 753-6766www.hagerealestate.com
We Sell Results –Not Promises!
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
Buying or Selling?Second to None
Service & Results607-753-6766
