Tagged : in the news

Found 2 blog entries tagged as "in the news".

Staten Island's North ShoreOur CEO, James Prendamano, had the opportunity to speak with Crain’s New York to discuss what we have seen in the past and what has been happening on the ground in real time on Staten Island’s North Shore. The article is entitled A Shore Thing: Staten Island’s North Shore Booms Along Bay Street. 

 

James was quoted saying “Staten Island as a whole has been shockingly stagnant since 1975 but these developments have had a profound impact.  Ten years back this area was not as appealing but I am bullish on it now. There’s tremendous growth opportunity here.  There’s such demand for housing and people want a walkable community and transit-based development”.  James went on to say “This wasn’t big bad developers pushing people out – in all these

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Home Prices on the RiseJames Prendamano, CEO of Casandra Properties, once again had the opportunity to speak with Tracey Porpora from the Staten Island Advance.  The topic of their discussion was centered around the Federal Housing Finance Agency’s second quarter House Price Index. Despite rising home prices across the country, the New York-New Jersey metro area has managed to only see a modest appreciation and comes in at 91 out of 100 metro areas in house price appreciation. 

 

James was quoted in the article saying, “There has been, and we believe will continue to be, a shift away from what is now been dubbed the “McMansions” as the millennials continue entering the housing market.  You’ll notice red hot real estate markets like Boise are offering a slice of city

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