ARCHIVED BLOG POSTS
2008
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The New York City area real estate market has been a strong market, even though much of the country has seen prices decrease. An article in the New York Times' Real Estate section on what agents do to help sellers sell and get very close to asking price is very interesting. In many areas the list...
03/31/2008
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The Fed just "keeps on cutting". The most recent three-quarters of a point cut was welcomed (for a day anyway) on Wall-Street, but is the cure (the Fed is looking for) worse than the disease? We personally believe these continued interest rates cuts are going to be bad for us all long term. W...
03/26/2008
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Financial lore says you should buy when there's blood in the street — which suggests real estate is a bargain, because there's blood all over the neighborhood right now. Time to invest? Now could spell opportunity for this year's buyers. But what if you already own a home — and have no desire...
03/26/2008
Americans are constantly buying stuff. But most of us don't do a whole lot of selling — which means we don't have much experience at setting prices. Want to improve your odds of finding a buyer for your home? As you try to unload your property, consider these four pricing tricks: Looking slim. ...
03/23/2008
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For more than a decade, banks encouraged homeowners to tap their equity for everything from paying off credit cards to covering college tuition. Now lenders are abruptly shutting off the spigot. More than 100,000 homeowners at one lender already have been told that their home-equity lines of cr...
03/18/2008
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Mortgage costs just got a little cheaper for buyers in high-cost areas. The size of loans that can be guaranteed by Freddie Mac and Fannie Mae was raised recently by the Office of Federal Housing Enterprise Oversight. The new, higher loan limits will stay in effect through the end of the year, ...
03/13/2008
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Six of the nation's largest mortgage lenders, in a joint effort to cool the raging foreclosure crisis, have agreed to temporarily stop foreclosure proceedings on homeowners who have fallen seriously behind in their house payments. Under a program unveiled recently, legal efforts to oust serious...
03/10/2008
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When someone decides it is time to sell their home, they interview several Realtors from different companies to determine which one is best for them. They want someone who will represent them and someone they feel will do an effective job at marketing their home. However, when someone decides to ...
03/05/2008
Falling home values, rising unemployment, declining confidence among consumers and businesses and, lately, a swooning stock market. We may or may not be entering an official recession (defined as two consecutive quarters of shrinking economic activity), but either way 2008 has gotten off to a sca...
03/05/2008