Daily Archives: December 6, 2009

Cities With the Most Overpriced Properties

Despite having no luck selling their properties, home owners in some parts of the country have clung tenaciously to their notions of the value of their homes. Forbes magazine ranked markets it considered the most overpriced based on the ratio … Continue reading

Posted in general, Housing Market News Update, New York Real Estate | Tagged , , , , , , | Leave a comment

Twitter Weekly Updates for 2009-12-06

Keith Gumbinger, a vice president at financial publishers HSH Associates, predicts that the end of Fed intervention… http://bit.ly/78uHEF # Washington Post Real Estate columnist Elizabeth Razzi discussed the local housing market — from condos and… http://bit.ly/4Hl8dY # Location can be … Continue reading

Posted in New York Real Estate | Leave a comment

Banks Start to Embrace Short Sales

Even before the government put pressure on them to embrace short sales, more banks were starting to take their lumps, do the short-sale deals and move on. Three years into the housing meltdown, short sales have tripled to 40,000 in … Continue reading

Posted in general, Home Buyer Tax Credit 2009, Housing Market News Update, New York Real Estate, Short Sales | Tagged , , , , , , | Leave a comment

30-Year Rates Hit Record Low

The average interest rate for 30-year mortgages has fallen to the lowest level since Freddie Mac began compiling its weekly survey in 1971, declining to 4.71 percent this week from 4.78 percent a week ago. Rates also were more attractive … Continue reading

Posted in commercial real estate, Foreclosures, general, Home Buyer Tax Credit 2009, Housing Market News Update, mortgage, New York Real Estate, Short Sales | Tagged , , , , , | Leave a comment

Predictions on Future Mortgage Rates

What will happen to mortgage rates if the Federal Reserve stops buying mortgage-backed securities next March? If and when that program ends, mortgage rates will rise, but most financial observers say it is very likely they won’t skyrocket. Keith Gumbinger, … Continue reading

Posted in commercial real estate, Foreclosures, general, Home Buyer Tax Credit 2009, Housing Market News Update, mortgage, New York Real Estate, Short Sales | Tagged , , , , , , , | 1 Comment