learn / report
Port Saint Lucie, FL - #9 on Fastest Losing Value
(post by Dee) Saw an article on Yahoo’s home page yesterday about US cities where real estate values of homes are tanking the fastest, in terms of equity homeowners may have in their properties. Not suprisingly, Port Saint Lucie, FL came in the top 10! Recall our post about BT’s house in Port St Lucie, [...]
19Nov2008 | | 0 comments | Continued
One Hunters Point Condos, 5-49 Borden Avenue in LIC - Construction Progress
(post by Dee) Last week I went on site of One Hunters Point condo, to check out progress of their construction. Located on 5-49 Borden Avenue in Long Island City, 11101, the building stands on the corner of Borden and Vernon Blvd. You can see it right past the tool booths of the Midtown Tunnel [...]
18Nov2008 | | 0 comments | ContinuedWhy Good Loans Are Now Also Frozen?! Banks Screwed Up, Homeowners Are Paying
(post by Dee) A comment from Robby clearly was due in part to misunderstanding of BT’s post from the other day about Banks Bringing Market Down. We obviously welcome all comments, but wanted to clarify this…
Here is what Robby wrote: “sounds like a paranoid and jilted broker complaining about a deal that didn’t go [...]
Banks Trying to Bring Down the Real Estate Market?
(post by BT) I have a multi-family property that went into contract back at the end of July. The building is a 4-family located in a very stable neighborhood in the outer boroughs. The buyer had already been qualified through his lender (bank-direct mortgage). The contract price was $750K. Ah, the appraisal! Now, as Realtors, we always know a property’s real market value. [...]
8Nov2008 | | 1 comment | Continued
ING NYC Marathon 2008 Runs Through Long Island City (LIC): Hunters Point - Vernon Blvd - Queens Plaza Route
(post by Dee) The ING NYC Marathon 2008 is now over but along its route numerous neighborhoods welcomed runners from all over the world. From Staten Island through Brooklyn, Queens, then Bronx and finally Manhattan’s Central Park (the finish line), this massive annual event draws cheerleaders and casual observers from every neighborhood it intersects. This [...]
3Nov2008 | | 0 comments | ContinuedTime Inc Restructures Business as Profits Drop – Bad Real Estate News Are Bad for News!
(post by Dee) Time Inc, the news and media powerhouse that got the internet game right is feeling the burden of residential real estate market collapse… they are reorganizing big time. Read on. BUT how is that possible?! What does real estate and news have in common? Well, let’s examine!
Today’s economy really is more [...]
3Nov2008 | | 0 comments | Continued
Queens Plaza, Long Island City – Real Estate Development Stubbornly Moves On
(post by Dee) Queens Plaza, an area underneath and around the Queensborough Bridge (built in 1909) will celebrate 100 years in 2009. It’s come a long way in the past few years, but it wasn’t supposed to take this long for this gateway to Manhattan. From the poor city politics to a bankrupt city [...]
28Oct2008 | | 0 comments | Continued
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