November 6, 2009 – 9:18 am
From Property Shark – Suffolk County foreclosures up 103% from Q3 2008
There were 454 new foreclosures in Suffolk County in Q3 2009, up 103% from Q3 2008, but down 8% from Q2 2009.
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Brookhaven (148) and Islip (126) had the highest number of new foreclosures in Q3 2009. Babylon had the highest rate of [...]
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 made [...]
Over at his blog, my real estate guy Tom McGiveron asks and answers this very question in a conversation with a prospective client.
As we talked, I showed her all the information that I normally review. This information contains the latest insights from experts in the real estate industry as well as my expert analysis of [...]
American Casino movie trailer from Leslie and Andrew Cockburn on Vimeo.
A banker explains that the complex securities he designed were “fourth dimensional” and sold to “idiots.” A senior Wall Street ratings agency executive describes being ordered to “guess” the worth of billion dollar securities. A mortgage loan salesman explains how borrowers’ incomes [...]
“Lex Luthor Bailout” with Jon Hamm – watch more funny videos
Lex Luthor needs a bailout
From Newsday – Long Island Housing Market Is A Tough Sell
A Rocky Point home Gisela Skoglund and her family are trying to sell has been on the market for nearly two years. The property is large enough to build another house on, and the Skoglunds are asking $319,000.
“We’ve had a lot of people looking at [...]
December 28, 2008 – 10:01 am
In today’s New York Times via Obsidian Wings.
It’s hard to know what to excerpt here. The whole article is so shocking, you should really read the whole thing. However, this part was too good to not quote.
Yet even by WaMu’s relaxed standards, one mortgage four years ago raised eyebrows. The borrower was claiming a six-figure [...]
December 24, 2008 – 2:23 pm
Tom McGiveron has a new post up on foreclosure statistics in Nassau and Suffolk from RealtyTrac. RealtyTrac doesn’t have the best reputation for accuracy, but even still there’s bad new all around Suffolk county.
The big shock, 34 homes in foreclosure right here in Babylon. That may not seem like a lot. Looking at the numbers, [...]
November 24, 2008 – 8:37 pm
I’m trying to limit the number of doom and gloom posts here on HIB, but it’s hard to ignore this one.
From Bloomberg: Home Sales Fall, Record Drop in Prices
Home resales in the U.S. dropped in October and prices fell by the most on record, signaling a deepening housing recession going into 2009.
Purchases of existing [...]