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Sorry that title is incorrect.... it should read "CRASHES!" I've been saying this since the White House requested this back in January. I've seen articles in the Investors Bussiness Daily & the Wall Street Journal mention it, but ...[Read More]
Wow, my head is spinning. Depending on which media source you read or watch, either the sky is falling or as the politicians put it "we've pulled back from the brink". Well I'm no economist and I don't play one on TV so I won't ...[Read More]
Statistics... funny thing about numbers, if you're not careful it's very easy to mis-understand them! Earlier in the year I made a post stating we may be nearing the bottom of this down market. The average number of sales was only down 2.3% compared ...[Read More]
After months of doule digit decreases in average sales prices, increases in inventory and days on the market we finally see some stabilization. Below are our current statistics SINGLE FAMILY DETACHED Jan '08 Dec '08 Jan '09 Yr Chg Current Closed ...[Read More]
As a REO agent (real estate owned aka bank owned foreclosures) I see this scenario happen over and over. A buyer wants to put an offer in on a bank owned foreclosure. They find out there is currently an accepted offer and decide to wait and see what happens. ...[Read More]
It seems the theme of the day has moved from "FORECLOSURES" to "SHORT SALES". So what exactly are these "SHORT SALES"? Well, simply put, its when the value of the home is lower than the amount owed to the mortgage company. ...[Read More]
Below are the most current market stats for the Dutchess County, NY area. Notice the average sales price dropped over 13%, that number by itself doesn't mean much, but when you look at last months numbers, the decrease was over 8%. There seems to be ...[Read More]
The latest buzz word...... FORECLOSURE. You hear it in the debates, the newspapers, TV and yes even Blogs. I recently read that 1 out of every 100 homes are entering some part of the foreclosure process. An additional 2 million foreclosures are expected ...[Read More]
Well the March statistics are in. The buyers market appears to be continuing. So here are the facts: The number of closed sales for March 07 compared to the same time last year is down 8% The number of closed sales for the begining of 07 compared to 06 ...[Read More]
Wow, what an amazing year 2006 was! Thank you to all my clients, family and friends for all the support. I appreciate all you do for me! We saw many changes in 2006. The market shifted from a sellers market to a buyers market, new real estate law passed ...[Read More]
Today's front page of the Poughkeepsie Journal "Housing Sales Slip Further" I've received numerous calls from current clients, past clients and collegues about this article. I'm curious what your thoughts are? The article does a good ...[Read More]
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