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 [...]
Debra did her house report, so here’s mine. Better late than never. 155 Cooper Street MLS# 2183404 – Zillow Page Ask $349,000 4 bedrooms – 2 bath Taxes: $6,300 – Village Taxes: ?
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 [...]
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 [...]
Hmmm…wait…what was that? Didn’t new home sales go up last month? New Home Sales Rise 4.7% [Wall Street Journal] Sales of new homes rose in February for the first time in seven months, the Commerce Department reported Wednesday, another sign that the housing market is thawing Via New Jersey Real Estate Report, Barry Ritholz begs [...]
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 [...]
Well, we’re getting caught up some on the sold homes. Five sold in January. That’s not a big number, but it’s something, especially when you consider the time of year and the state of the economy. I’m a little sad to see 39 Totten go. I held out a little hope that it might eventually [...]
From Newsday – Babylon Will Help Middle Income Families Buy Homes Trying to jolt a lethargic housing market, the Town of Babylon announced yesterday it will give middle-income families a $15,000 down payment match toward the purchase of their first home. Those who earn 81 to 120 percent of the area’s median income will qualify [...]