Reported from: HousingWire.com "Home prices will be lower in two years compared to Q109 for much of the country's metropolitan statistical areas, (MSAs) according to an economic trends report released by PMI Mortgage Insurance Co." Uh..ya think? I would hope so. From a consumer standpoint. Lower
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07/07/2009
Report from CNNMoney.com. A couple of things I wanted to point out in this article. NEW YORK (CNNMoney.com) - "The housing bust has finally clobbered super-pricey Manhattan home prices." I've never heard the word ‘Clobbered' used for real estate. "Prices fell between 13% and 19% compared with th
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07/07/2009
Let's stop comparing apples to oranges. Rates are up. Values are down. The market is in shambles. This is what you're used to hearing. Right? Wrong. The majority of market reports that we as the masses use to foretell trends only provide a fraction of the facts, based on a fraction of the data,
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07/07/2009
Reported by New York Times. "Homeowners across the country are challenging their property tax bills in droves as the value of their homes drop, threatening local governments with another big drain on their budgets." With home values declining, homeowners are looking to appeal the overvalued taxe
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07/06/2009
Manhattan Apartment Prices Drop as Lehman Effect Hits Home | Bloomberg.com This Bloomberg.com article explains the price delcine of Manhattan homes sicne the housing boom. In various reports released today, Manhattan median prices dropped between 13 and 19 percent. So what does this mean? From
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07/02/2009
CLICK to see Northeastern Queens Report A new report by AccuriZ entitled; Why Square Footage Matters! Property Values in Northeast Queens Stable for 2009 indicates that when data is stratified on a median sale price based on the square footage of the residence, Northeast Queens home values are s
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07/01/2009
http://www.huffingtonpost.com/2009/06/30/home-prices-down-181-from_n_222966.html Several recent comments regarding the availability of financing have emerged over the past weeks discussing mortgage rates and the ability to sell/buy real estate. Contrary to popular belief, mortgage rates have more
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07/01/2009
