By Gary A. Poliakoff, Ryan Poliakoff and Kevin Chiu Plagued by the real estate crisis that is likely to top that of the Great Depression, the Federal Housing Administration (FHA) has implemented a new set of lending standards in efforts to clear the glut of millions of vacant and unsold condominiums across the country. However,… Continue reading New FHA Guidelines Eliminate Possibility of Success
Category: New York
New York housing market
2010 New York Housing Market
Driven by federal tax incentives, a rising stock market and lower home and apartment prices New York housing sales grew, only to see the momentum slow as federal tax incentives were withdrawn. Manhattan home sales are propelled by the power of the stock market more than any where else in the nation. As the New… Continue reading 2010 New York Housing Market
Best Housing Market in America
There’s simply no doubt about it. Burlington, Vermont and neighboring South Burlington are the best housing market in America rated by the lowest number of foreclosures in the nation, and there’s not any doubt why. All bottom seven communities on the 2009 Realty Trac foreclosure list are college towns, where local economies have been boosted… Continue reading Best Housing Market in America
Cold Chills Strike from New Deal Era
HYDE PARK, New York – Step into the library of President Franklin Delano Roosevelt’s after paying the admission and the first thing you see is a corner dedicated to the Great Depression, America’s last big battle with the U.S. economy. For any mortal in touch with reality these days a cold chill reverberates down your… Continue reading Cold Chills Strike from New Deal Era
2015 New York Real Estate Market Forecasts
The 2013 New York housing market (along with the 2014 market) was driven by a significant uptick in the luxury segment. It almost seemed as if homes with lower price tags than $1 million had all but disappeared from the market and that condos especially targeted at billionaires were taking over. In fact, reputed sources such… Continue reading 2015 New York Real Estate Market Forecasts
70 US Cities Forecast with Higher Home Prices
By Mike Colpitts Nearly mid-way through the year 70 U.S. cities housing markets are forecast to recover in 2012, and some of them are already making successful inroads on their way with appreciating home prices. The cities include five that were forecast by Housing Predictor at the beginning of the year to appreciate in value,… Continue reading 70 US Cities Forecast with Higher Home Prices
2013 New York Housing Market
A dearth of apartments for sale means Manhattan sellers are enjoying a market titled firmly in their favor. According to DNAinfo.com (“Year of the Frustrated Buyer Awaits Manhattan Real Estate Market,” April 2, 2013), “buyers can forget about low-ball offers. There was a 26.8 percent rise in the numbers of homes sold after price increases… Continue reading 2013 New York Housing Market
U.S. Real Estate Market Rebound
Recovery Forecast Not Until 2011 The U.S. real estate market will take at least three years to recover from its massive slump and it wont fully rebound from the mortgage mess until at least some time in 2011, Housing Predictor forecasts. Housing Predictor analysts forecast the overall U.S. economy will suffer from a recession as… Continue reading U.S. Real Estate Market Rebound
Olympics Trigger Huge Boom, But Little in Home Values
By Ryan Jackson Six cities that hosted the Olympics in the last quarter century have experienced huge construction booms with new projects needed to house the games, but the majority found little appreciation in home values or other property inflation following the games. In fact, three of six Olympic cities, including Los Angeles and Atlanta… Continue reading Olympics Trigger Huge Boom, But Little in Home Values
Homeowners Living Free Longer
By Mike Colpitts Homeowners facing foreclosure in default on mortgage payments are living longer in their homes without making loan payments than ever before, according to foreclosure firm RealtyTrac. The lengthy foreclosure process is good news for homeowners in desperate straits able to live in their homes for free, many of whom are unemployed or… Continue reading Homeowners Living Free Longer