Real Estate Market by Peter Giardini | October 27, 2009It seems that in these past two weeks, we have experienced a tremendous increase in relatively negative news regarding the real estate market. Usually I just chalk up all this negativity to the media working hard to score a few extra bucks. However, this time I am choosing to not be so hard on the [...]
Commentary by Tom Koziol | October 23, 2009As everyone knows, the real estate market is in the tank – at least that is the overall perception. On the other hand, we all have heard that there are people who are still making money in real estate. At least they say they are.
If it is true that people are making money, here is a quiz that should be a no brainer. By the way, this quiz won’t be graded. Not by me at least. You may decide to give yourself a grade just for grins.
The Setting
Lets say you live in a housing market that has been described by a national real estate forecast service as the country’s “weakest housing market.” It is projected to have the biggest decline in value in the next 12 months among all housing markets in the nation with a 12 percent median price dip for both new and existing single-family homes.
In making its determination, the forecast service looked at 260 metro areas using more than 50 variables, including housing supply, population trends, unemployment and inflation. And, speaking of unemployment, your area has just seen a full one percent spike upward.
Joshua Dorkin
More Government Intervention? No, Thanks!
by Alex Cortez | August 1, 2010With strong lobbying from various groups, President Obama signed a Homebuyer Tax Extension, thereby giving 3 additional months for qualifying transactions to close (and let’s face it, short sales take time and even with the extension some just won’t close in time). And now there are already many in the real estate industry clamoring for [...]