RECENT BLOG POSTS
We saw two articles today in local papers about the recent housing stats. As we expected, home prices fell significantly in the fourth quarter in both Rockland and Orange Counties (Westchester and Putnam numbers should be out next week). I thought the Rockland article was more moderate, the ...
Secretary Paulson is proposing to lower mortgage rates to 4.5% to spark the housing and refinance markets.BRILLIANT!If you want to know the ideal DAY on which to sign purchase contracts, it's the day before that announcement.The moment everyone becomes convinced it's a great time to buy, the pen...
The Case-Shiller Home Price Index is the most widely referenced source of statistical housing information used in the media today, but it is severely flawed. Case-Shiller 20 City Composite spurs massive global media coverage when it comes out every quarter, but it only measures the top 20 metro...
I was quite disturbed yesterday by, A: first the Giants Loss and more importantly B: the Oil piece on 60 Minutes last night. I was really quite angry at that. If you did not see it, briefly it was about how there was no rhyme or reason that the price of oil should have gone up the way it did. ...
The New Make Your Move Program This weekend, Prudential Rand Realty is launching a new program called "Make Your Move." The program is simple: if you buy a home through a Prudential Rand agent between now and March 31, 2009, and that home goes down in value by the time you sell it, we will re-l...