All Posts Tagged With: "market crash"
Holiday Pricing for Robust Real Estate Sales in NYC
(post by BT) Want to sell in today’s market? Well, take off at least 10% off what you think your house is worth and bingo, there’s your new 2009 asking price!!! Oh yeah, keep in mind, i did mean “asking price”. So, unless you are ready to offer a holiday discount on your your Ho-Ho-Home, [...]
16Dec2008 | | 0 comments | ContinuedBusiness Owners Are Better Suited to Investing in Real Estate
(post by BT) A friend of mine built 2 brand new construction houses in the last year. He was getting about $650K for each of them. Buy his buyers could not get financing. He was trying to sell on his own but finally decided to hire me. He said “be honest, what would I get for [...]
15Dec2008 | | 0 comments | ContinuedCondo Prices Fall in Manhattan! Harlem Sales Fall 76 Percent! End of the World as We Know it?
(post by Dee) According to Mortgage News Daily, Condo Prices are Falling Across Manhattan. Some city brokers will continue to live in denial. Good for them! Now some others (like yours truly) will be realistic and adjust in their business, telling clients/sellers “like it is” and focusing on areas that are still hot (industrial, multi-family [...]
4Dec2008 | | 0 comments | ContinuedPort 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 | 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 through [...]
Banks Trying to Bring Down the Real Estate Market?
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. And this property was worth $850,000. [...]
8Nov2008 | | 1 comment | 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
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