Monthly Archives: July 2007

Whaler’s Cove

I am very tempted by the idea of living in a condo instead of a single family home. The prospect of not being responsible for yard work, lawn mowing and exterior maintenance is pretty appealing.
Whaler’s Cove is a complex that’s right in my neighborhood. The prices are solidly in my range and there are some [...]

MLS Report - July 24th 2007

Ten days since the last MLS report. Funny, I thought I’d be doing these every day or every other day, but the MLS has been pretty stagnant. Not all that much to write about.
No new homes I’m interested in. although at least one that I was looking at seems to be gone now.
Homes in [...]

The Coming Storm


Range Pricing

Pricing By Range Newsday - July 20th, 2007
I’ve seen this range pricing on several homes that have popped up on MLS and I was wondering what the hell was going on. Now I see, it’s some new thing.
 Rather than listing the home at a fixed price of $329,000, what if Katen [...]

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Slump will continue

From the Long Island Business News

Pearl Kamer of the LIA said Long Island’s housing fortunes would continue to sag into 2009, as part of a drawn-out market correction.
“We still have to liquidate a excess inventory of homes,” Kamer said. “And as of Sept. 1, lending practices will tighten, so fewer buyers will qualify for [...]

MLS Report - July 14th 2007

Well, more than two weeks since the last MLS report. Not much happening on that front really.
Homes in Babylon

Total: 115
Babylon School District: 64
BSD and Under 600K: 41
Condos/Coops:6

New Homes
ML# 1977313 - $399K - 4 Beds - Two Bath - Ranch

I’m probably not too interested in this one. It’s south of [...]

The Next Leg Down

Some wisdom from a commenter at New Jersey Real Estate Report
Here’s the bullet version of my “next leg down” scenario:
1. This Fall, all the sellers who have pulled the “For Sale” sign out of the ground- hoping for a Spring rebound- won’t. Time’s up.
2. Why is time up? Take your pick: life circumstance, impending foreclosure, [...]