Category: New York

New York housing market

$23 Billion in Home Buyer Tax Credits

The credit to home buyers taking advantage of the federal government’s tax credit has reached $23.5 billion, according to the Internal Revenue Service. Some $16.2-billion was for the first time home buyers $8,000 credit and $6,500 grants to first and second time buyers. The tax credits produced a spike in home sales in the majority… Continue reading $23 Billion in Home Buyer Tax Credits

$100 Home Deal Not Dead

The federal $100 home deal that started out in one of the nation’s hardest hit foreclosure centers is expanding into more states. The move is part of government efforts to revitalize neighborhoods devastated by the foreclosure crisis. The program was launched in Cleveland, Ohio allowing non-profits to take control of homes that were foreclosed as… Continue reading $100 Home Deal Not Dead

New FHA Guidelines Eliminate Possibility of Success

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

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 won’t 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