All Posts Tagged With: "market crash"
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 | 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
NYC Property Sellers Keeping NY Real Estate Market Stable
(post by BT) I think that our real estate market has remained relatively stable due to the fact that our local NYC sellers are the most ignorant and stubborn sellers in the world! I am sure every real estate agent can vouch for this! Here, in many neighborhoods, sellers don’t seem to give a crap [...]
22Oct2008 | | 0 comments | Continued
Get Me Out Of My Mortgage in FLORIDA!
(post by BT) Help!!! I have this freaking house in Florida I can’t sell for nothing. I purchased some land in Florida about 4 years ago. Like many other New Yorkers at the time, I had a brand new home built to sell for profit. I paid $230K. By the time the property was completed, [...]
8May2008 | | 1 comment | Continued
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