1/19/2012 2:47:00 PM
NY State.... Worst state for foreclosures?
I've been reading some very misleading articles lately about the current condition of the Real Estate market in NY. Many articles are misleading readers. I'd like to acknowledge Brandon Moore, CEO of REaltyTrac for his clear understanding of the statistics ...
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7/4/2010 11:12:00 AM
Tax Credit Closing Deadline Extended - Will this help?
Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010 . The extension applies only to transactions that had ratified contracts in place as of April 30, 2010 , and have not yet closed. There will be no gap between ...
Views: 182
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3/29/2010 3:41:00 PM
How is Health Care Related to Real Estate?
The new Health Care legislation has been a very hot topic lately. Regardless of which side of the fence you fall on, it's important to know how this legislation will affect you individually. Unfortunately this is easier said than done, even the Politicians ...
Views: 176
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11/3/2009 11:50:00 AM
The Next Market Crash?
Sorry that title is incorrect.... it should read "CRASHES!" I've been saying this since the White House requested this back in January. I've seen articles in the Investors Bussiness Daily & the Wall Street Journal mention it, but no one ...
Views: 284
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9/24/2009 2:08:00 PM
Don't Be Misled By The Media!
Wow, my head is spinning. Depending on which media source you read or watch, either the sky is falling or as the politicians put it "we've pulled back from the brink". Well I'm no economist and I don't play one on TV so I won't speculate ...
Views: 300
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3/23/2009 12:58:00 PM
Don't Be Misled...
Statistics... funny thing about numbers, if you're not careful it's very easy to mis-understand them! Earlier in the year I made a post stating we may be nearing the bottom of this down market. The average number of sales was only down 2.3% compared ...
Views: 365
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2/9/2009 12:44:00 PM
Are We Seeing The Bottom?
After months of doule digit decreases in average sales prices, increases in inventory and days on the market we finally see some stabilization. Below are our current statistics SINGLE FAMILY DETACHED Jan '08 Dec '08 Jan '09 Yr Chg Current Closed ...
Views: 386
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10/17/2008 8:42:00 AM
PULL THE TRIGGER!
As a REO agent (real estate owned aka bank owned foreclosures) I see this scenario happen over and over. A buyer wants to put an offer in on a bank owned foreclosure. They find out there is currently an accepted offer and decide to wait and see what happens. ...
Views: 384
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6/6/2008 3:48:00 PM
Short Sales, what are they and what are the pro's/con's?
It seems the theme of the day has moved from "FORECLOSURES" to "SHORT SALES". So what exactly are these "SHORT SALES"? Well, simply put, its when the value of the home is lower than the amount owed to the mortgage company. You ...
Views: 833
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5/9/2008 8:06:00 AM
Market Continues To Slump in the Poughkeepsie NY Area
Below are the most current market stats for the Dutchess County, NY area. Notice the average sales price dropped over 13%, that number by itself doesn't mean much, but when you look at last months numbers, the decrease was over 8%. There seems to be a ...
Views: 707
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