Hi everyone. It’s Case-Shiller day! The day when S&P release their housing index numbers for April. So…how are we doing? Prices Stabilize, But Housing Trouble Still Looms [Forbes] Home prices in 20 major cities tumbled an average of 18.1% in the last 12 months, off 33% from their 2006 peak, according to the Standard & [...]
Two houses sold in March 2009, not a good month for the Village or for home sales in general. New York-area home prices fall by record 11.8 percent [NJ.COM] The Standard & Poor’s/Case-Shiller National Home Price index reported home prices tumbled by 19.1 percent in the first quarter, the most in its 21-year history. Home [...]
This past weekend was reasonably productive, from a real estate perspective. We saw three houses, 19 Nehring, 155 Cooper and 2 Edward. Actually, it was only I who saw Cooper and Nehring. Deb stayed home for those. We tried to go see 78 Wampum, but the Realtor must have closed up shop and bugged out [...]
Via the Long Island Business Blog, we note that in Forbes Magazine’s list of the USA’s most overpriced regions puts Long Island, N.Y. at number 7. No. 7: Long Island, N.Y. – (Nassau-Suffolk, N.Y.) Cost of Living: 40 of 50 Housing Opportunity: 48 of 50 Unemployment Rate: 17 of 50 Average Salary: 24 of 50 [...]
A quiet and rainy Sunday here in the Village. I have my son this weekend and we went out to see Wolverine yesterday. It wasn’t a terrible movie and it’s worth seeing if you’re a big fan of the genre, otherwise I’d advise waiting for the DVD. Afterwards, we stopped by The Friendly Neighborhood Comic [...]
April 30, 2009 – 10:22 pm
Not a lot of good news in February for home sellers. NY Area Home Prices Down 10.2% in February [NorthJersey.Com] Home prices declined 10.2 percent in the New York metropolitan area, which includes North Jersey, from February 2008 to February 2009, the Standard & Poor’s Case-Shiller index said this morning. Home Prices in 20 U.S. [...]
Photographer Camilo Jose Vergara describes his unique photo essay, Paired Houses, But One Is Abandoned at Slate. In Camden, N.J., perhaps the poorest American city I regularly visit, I photograph what I call paired houses: two dwellings, side by side, one occupied, the other empty. Those living in the occupied home often have their lives [...]
March 30, 2009 – 11:23 am
Well, no open houses for us this past weekend. I had to work on Sunday and the weather kept Debra and Aurora inside the apartment for most of the day. No great insights from me on this springy Monday. Here are a few links I’ve collected over the weekend for your enjoyment and edification. A [...]
March 20, 2009 – 12:16 am
From Newsday – Chocolate cakes: the best of Long Island JACQUELINE’S PATISSERIE, 199 E. Main St., Babylon, 631-893-5334, jacquelinespatisserie.com Perhaps the most beautiful cake I came across was the invention of Jacqueline Ingoglia. The little tower (4 inches wide, 5 inches tall, $15) was filled with chocolate-raspberry mousse, covered in ganache and then crowned with [...]
March 18, 2009 – 11:30 am
From the WSJ – Cracking The New Homebuyer Credit The recently enacted economic-stimulus law contains an unusually attractive new tax break for many homebuyers — if they can only figure out how it works. The new law sweetens a provision known as the “first-time homebuyer credit.” In essence, if you meet certain qualifications, such as [...]