December 04, 2007
Islip Realtor® Wins Spirit Award for Charitable Works
pictured: Angela K. Parisi, real estate broker with Hamlet Realty of Islip, holds a $1,000 check for the Brentwood Foundation with her father, Anthony Giovinazzi, who founded the company in 1975.
Islip, NY – Angela K. Parisi of Hamlet Realty of Islip has been awarded the 2007 Realtor® Spirit Award, in recognition of her charitable work on behalf of the Brentwood Foundation, which raises money for families with medical needs.
Parisi, a licensed Realtor® since 1993, said helping local families is a natural outgrowth of her profession. “I really feel in order to receive in this world, you need to give back to those who have made your success possible,” Parisi said.
The Brentwood Foundation searches out families with medical needs and conducts fundraisers to raise money to purchase wheelchair accessible vehicles for the family that is chosen; Parisi is on the Board of Directors for the foundation. “For those of us who live and work in Long Island communities, it's easy to take our mobility for granted. When you meet a family whose mobility is hampered by severe medical constraints, the desire to help create a solution is natural.”
Parisi got her start in charitable work in 1979, when Hamlet Realty of Islip first ran a softball fundraiser to raise money for the Muscular Dystrophy Association [MDA]. Hamlet raised over $2 million during their association with MDA, which lasted through 1999. The Brentwood Foundation was created in 2000 out of a desire to directly assist local families with their mobility needs.
In recognition of her efforts, Parisi was presented with a $1,000 check for the Brentwood Foundation, at the 2007 Long Island Board of REALTORS® [LIBOR] Recognition Breakfast held at the Oheka Castle in Huntington on November 6th.
The Realtor® Spirit Award is part of the “We’re More Than Realtors…” public relations campaign launched by LIBOR in 2006. The goal of the campaign is to raise awareness about what Realtors® are doing in their community, in addition to helping their neighbors buy and sell homes.
The Realtor® Spirit Award recognizes one Realtor® from each county who have made a difference in their community through volunteer work, charitable efforts, youth related activities or anything big or small that shows an outstanding commitment to community service.
About Hamlet Realty of Islip
Founded in 1975, Hamlet Realty of Islip is a full service real estate brokerage concentrating on the south shore of Suffolk County, New York. For more information visit their web site at: http://www.hamletrealtyny.com, or call 631-277-2300.
About The Long Island Board of REALTORS®
The Long Island Board of REALTORS® is a non-profit trade association consisting of more than 26,000 professional Realtors. For more information about LIBOR, or to locate a Realtor in your area, visit: www.mlsli.com.
Posted by Frank at 10:07 AM | Comments (0) | TrackBack
August 07, 2007
Why the Northern Virginia Real Estate market has to drop 25%
This year-end price data is from the Northern Virginia Association of Realtors site. It is one of the few that provides enough historical data to figure things out for yourself. In a moment I am going to show you why prices in Northern Virginia are headed for a 25% drop.
The data shows that the average price of a home in NoVa went up 144% in the ten year period from 1997 to 2006, with the bulge of the snake occurring from 2001 to 2005.
The previous ten year period, 1987 to 1996, showed a 51% increase.
So using that as a rough guideline for normal, the appropriate price in NoVa should be about $332,730.
Which represents a potential fall of $207,268 from the current average price, or 38%.
Even allowing for bigger homes, granite and stainless, you’re looking at 25% off $539K, or about $400K, as the bottom. Which is still more than 3X earnings, of course.
But let’s say the new math allows for 5X, with you know, a 50 year loan, point is, prices have to drop at least 25% before they even approach affordable in NoVa.
2006 -- $539,998.00
2005 -- $538,144.00
2004 -- $440,506.00
2003 -- $365,209.00
2002 -- $323,408.00
2001 -- $285,159.00
2000 -- $252,374.00
1999 -- $238,496.00
1998 -- $229,151.00
1997 -- $220,932.00
Posted by Frank at 11:48 AM | Comments (0) | TrackBack
