With white tin ceilings, original woodwork, bay windows, and a $699,000 price tag, the two-bedroom apartment at 719 Carroll St. in Brooklyn would have been snatched up in a New York minute a couple of years ago.
Instead, it's been on the market for more than two months. On a recent spring...
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Buyers cautiously sniffing housing market
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2010: the year of no estate tax?
BY ILYCE GLINK, FRIDAY, APRIL 24, 2009.
Several weeks ago, a reader read what seemed like conflicting advice in the same real estate section. In an answer to a reader, I wrote that it's generally better to inherit property, because you get a "step-up" in the cost basis. In other... -
8 things to do before refinancing
With 30-year interest rates well below 5 percent, and 15-year interest rates between 4 percent and 4.5 percent, it's time to start seriously thinking about refinancing your mortgage.
But before you high-tail it to the nearest mortgage lender and fill out a mortgage application, there... -
U.S. Existing Home Sales Dropped More Than Forecast
By Courtney Schlisserman
April 23 (Bloomberg) -- Sales of U.S. previously owned homes fell in March after jumping a month earlier by the most in more than five years, indicating the market will remain depressed for much of the year.
Purchases decreased 3 percent to an annual...Last edited by Marc; 24-04-2009, 10:51 AM. -
California home sales up 83 percent, prices drop 41 percent
California home sales in February were 83 percent ahead of the previous year, while the median existing home price dropped 41 percent in the past year, according to a report Wednesday from the California Association of Realtors.
Locally, here are the figures on home sales:
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Obama mortgage plan should rescue many Seattle homes
But it could do more, say local experts
By AUBREY COHEN
P-I REPORTER
The Obama administration's new mortgage plan should help many troubled homeowners in the Seattle area, although it could do more, according to local experts.
"I see a lot to... -
US consumer confidence hits record low
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Housing Plan: Five Things Investors Need to Know
By: Jeff Cox, CNBC.com | 19 Feb 2009 | 02:51 PM ET
Investors hoping the government bailout will rescue the housing industry are making a risky bet, judging by analysts' reaction to the plan.
While the plan that President Obama unveiled Wednesday certainly will help many... -
Mr. Obama: Not All Real Estate Investors Are Irresponsible
Source: http://www.cnbc.com/id/29279841
I’d like to know when exactly, on what day in particular as the housing market crashed down around us, that everyone decided the real estate investor was the villain?
In the big game of blame, the pundits and the politicians all...Last edited by Marc; 20-02-2009, 06:02 PM. -
As Housing Prices Plunge, Refinancing Gets Harder
By: Mark Koba, Senior Editor | 13 Feb 2009 | 01:03 PM ET
With mortgage rates at 25-year lows, refinancing applications have reached record levels in the last two months. But homeowners who bought during the boom years are getting squeezed out of refinancing because the value of their... -
How To Move Those Buyers Off The Fence
We debate it on the air pretty much every day: What will it take to get potential home buyers off the fence and into a home? Is it a tax credit? Lower interest rates? A real bottom in home prices? The official mandatory silencing of all real estate reporters??
The National Association... -
Who Owns Who?
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USA: New-Home Sales Plunge As Market Still Seeks Bottom
By: Reuters | 29 Jan 2009 | 10:06 AM ET
Sales of newly built U.S. single-family homes fell 14.7 percent in December, the largest monthly decline since 1994, data showed on Thursday, indicating the housing market's downward spiral was far from reaching a bottom.
The Commerce... -
California Mortgage Defaults Drop In Fourth Quarter
By: Reuters | 27 Jan 2009 | 01:18 PM ET
The number of mortgage default notices issued in California in the fourth quarter fell to its lowest level in more than a year and dropped 20.2 percent from the prior quarter and 7.7 percent from a year earlier, a report released on Tuesday by MDA... -
Spring recovery tipped for US property
Hello all,
A revival in the US real estate market, key to a recovery in the world economy, should begin by next spring, property mogul Sam Zell told an Israeli business conference.
"I believe that in a country that continues to grow and where the population continues...
