New York According to Deutche bank half of all mortgages to be underwater by 2012. The headline of this article poses the following questions, •1.  What is that underwater mean? We know that an iceberg is mostly underwater and can do great damage. Obviously that underwater doesn't make it worthless. •2.  If it is underwater whose problem is it the banks or the consumers. Underwater mortgages means, that you owe more on the house then its value. In other words the collateral is not enough of a security to the bank, which leads me into the answer for the second question, Whose problem is an underwater mortgage, and the answer is the banks /lenders. When a consumer buys a piece of property if it is for the long term which means 7-10 years time the consumer already profited.  1) Tax deducti... 08/07/2009

Luke Constantino| August 1st 2009 There are many first time homebuyers out there who will be taking advantage of the 8,000 dollar First time Home-Buyer credit that was passed in 2008 and goes on until December 1st of 2009. As many good things we get as relief from the government come, so do people who want to commit fraud. "We will vigorously pursue anyone who falsely tries to claim this or any other tax credit or deduction," said Eileen Mayer, Chief, IRS Criminal Investigation. "The penalties for tax fraud are steep. Taxpayers should be wary of anyone who promises to get them a big refund." A tax preparer from Jacksonville Florida named James Otto Price III falsely claimed the first time homebuyer's credit for a client on their federal tax return. James faces the possibility of up to t... 08/01/2009

Luke Constantino| August 1, 2009 Everyone here knows about the large stores lie Virgin Records and Circuit City closing their doors here, but it's more than you think. There have been more stores and avenues empty than I have ever seen ever in NYC. A lot of specialty and gourmet shops have closed in the past year. On some residential blocks you can see 3-6 "For Sale" signs on houses, especially in the Queens and Staten Island area. They say "It's the Perfect Time to Buy" with the low prices, large inventory, low mortgage rates and the ever so popular 8,000 tax credit from the government. The majority of people are not doing that well or are afraid. There are people taking advantage of this market, true but not as many as there should be. Who are the people who are buying in NYC right no... 08/01/2009

Joy Bonner, Realtor ERA Top Service Realty Inc 194 Flatbush Avenue Brooklyn NY 11217 Direct: (347) 772-7003 Joy_Bonner@yahoo.com   Meet Joy Bonner. She's A Sweetheart But I See I'm Gonna Have To "Minionize" Her... Seriously. She's a blogging virgin, doesn't have a single social media account and is not familiar with manipulating graphics programs on computers... Hmm... JB is about to go through our version of SEO BootCamp and I have to say I feel as if Club Chaos is about to launch an ActiveRain Realty TV show (LOL). She's getting her computer fixed and when she does her upgrade I want it to be from her IP address, not mine. Very important mentors: Have your students set up from their equipment, not yours. They need to work with what they have, not rely upon using what you have. :-) St... 08/01/2009

A Feng Shui Business in Brooklyn New York-Welcome to Safe Hands in Canarsie! Funny, my Feng Shui Consultations are for New York City, Long Island and Queens.  Most of the time, I don't do Feng Shui Consultations in Brooklyn New York. Except for the lovely Roan Brown.  She is the owner of Safe Hands in Canarsie Brooklyn NY and I'd already done a Feng Shui Consultation for her home in Elmont Long Island.  When she asked me for some Feng Shui Tips and Advice for her incredible Day Care Center in Brooklyn, I couldn't say no. Roan intrigues me; she now has a knowledge of Feng Shui from our last consultation but she has the BEST story of someone who learned about Feng Shui-and saw that it worked! •1.               Safe Hands is a Brooklyn Business located at 1603 95th Street, Caransie, Brookl... 07/25/2009

This one is only 10 minutes from the VZ bridge.  All brick siding, fireplace, 4 bedrooms, beautiful hardwood flooring, over sized property, detached garage, basement with rec room, shop laundry room and boiler room.  Many up dates.  This house has never been on the market before.  First owner had it built new.  Nice backyard also with veggie garden and sunshine,  call me for a private showing or come to the "OPEN HOUSE" Saturday 25 July from 12 Noon till 3 P.M. call 917-696-0275   backyard 07/24/2009

Concert - SoulGladys Knight & The O'Jays at Asser Levy Seaside ParkW 5th St (at Surf Ave)Brighton Beach/Brooklyn(718) 469-19127:30PMGladys Knight-ya know, of the Pips?-had a string of hits in late 1960s and early 1970s with songs like "I Heard It Through the Grapevine" and "Midnight Train to Georgia." Catch her beltin' 'em out tonight. Openers the O'Jays offer springy grooves outfitted with string sections that aging crowds still yell for. SeminarInteractive Hit Factory Salon at Word126 Franklin St. (at Milton St)Greenpoint/Brooklyn(718) 383-00967PM-9PMThe brains behind Hit Factorie designed a special multimedia installation inspired by summer reading (comprised of pieces called "Hit Books") which is displayed in the window of Word. Tonight, the artists explain the piece and their proc... 07/23/2009

PRICED TO SELL IMMEDIATELY! FOR SALE BY OWNER. $320,000 Completely Renovated 1 Bedroom 1 Bathroom. One Stop to Manhattan on the A/C train, short walk to F, 2/3, 4/5. Concord Village Brooklyn Co-op Apartment, plenty of closet space and lots of light, granite breakfast bar. Fully renovated bathroom and kitchen. 24 hour doorman complex, elevator building, on-site parking, modern fitness center, bike storage, additional storage, beautifully landscaped grounds, pet friendly. Rooftop deck with 360 degree views of the East River and Manhattan skyline. Grocery store, diner and dry cleaners on site. Maintenance $789 includes heat, water, gas and real estate taxes - 28pct tax deductible. 5 minute walk to major subway lines including A,C,F,2,3,4,5. One subway stop to Manhattan! Short walk to Brook... 07/21/2009

Price: $314,000 FIZBER.com ID 11646828 Condo/Townhome/Co-op with in 1311 Pacific Street Brooklyn, NY, 11216 http://www.fizber.com/11646828/ 1311 Pacific Street - For Sale By Owner Property Details: Type: Condo/Townhome/Co-op Address: 1311 Pacific Street, Brooklyn, NY, 11216 Sq footage: 0.0 Floors: n/a Bathrooms: 0.0 Bedrooms: 0 Year built: 0 View full property details and seller's contacts. View more New York homes for sale. Homes for Sale by Owner. Description: 1311 PACIFIC STREET: LOFT-STYLE, TURN-KEY, NEW DEVELOPMENT CONDOMINIUM PRICES: $299,000 & up CC: $290.84 & up *These units are a must see and will move fast (already one in contract). For more information or to schedule a viewing please contact Samantha Silverman (ssilverman@tungstenproperty.com / [Links are not allowed]), Jenn... 07/14/2009

For many who live in the US, owning their own home is the American dream.  If you are considering buying a home in Brooklyn, New York, then homeownership can become a reality, but not with out setting realistic goals, getting sound advance and carefully planning for they day you sign on the dotted line (on many dotted lines I should say) at the closing table. The decision to buy a home is definitely one that should not be made lightly because it requires a significant investment of time, energy, and money, you can't forget the money.  So, the best way to start the home buying processes is to take a realistic view of what you can expect from homeownership and is it really right for you at this time. The Advantages of Homeownership There is no doubt that there are many advantages to ownin... 07/07/2009

Price: $1,075,000 FIZBER.com ID 11646174 Single Family with 6 bed, 3.5 bath, in Rugby Road Brooklyn, NY, 11226 http://www.fizber.com/11646174/ Rugby Road - For Sale By Owner Property Details: Type: Single Family Address: Rugby Road, Brooklyn, NY, 11226 Sq footage: 2600.0 Floors: n/a Bathrooms: 3.5 Bedrooms: 6 Year built: 1905 View full property details and seller's contacts. View more New York homes for sale. Homes for Sale by Owner. Description: This is an absolutely stunning victorian with lots of original details, but totally updated. An island kitchen with Granite countertops, a huge private spa with jacuzzi and skylites. All new plumbing, dual boiler, hwh, on argueably the best block in brooklyn More Photos: 07/05/2009

Price: $1,275,000 FIZBER.com ID 11646175 Single Family with 6 bed, 4.0 bath, in 1809 glenwood road Brooklyn, NY, 11226 http://www.fizber.com/11646175/ 1809 glenwood road - For Sale By Owner Property Details: Type: Single Family Address: 1809 glenwood road, Brooklyn, NY, 11226 Sq footage: 3200.0 Floors: n/a Bathrooms: 4.0 Bedrooms: 6 Year built: 1915 View full property details and seller's contacts. View more New York homes for sale. Homes for Sale by Owner. Description: A Ditmas Park Classic. If you ever wished to live and entertain in an elegant style this is your house! The oversized foyer, the 15x18' formal dining room and living room makes gracious gracious entertaining for large groups easy. A large back deck, sun room, private driveway and garage will add to your outdoor pleasure... 07/02/2009

Price: $799,000 FIZBER.com ID 11646217 Single Family with 6 bed, 2.0 bath, in 36 wellington ct Brooklyn, NY, 11230 http://www.fizber.com/11646217/ 36 wellington ct - For Sale By Owner Property Details: Type: Single Family Address: 36 wellington ct, Brooklyn, NY, 11230 Sq footage: 2160.0 Floors: n/a Bathrooms: 2.0 Bedrooms: 6 Year built: 1910 View full property details and seller's contacts. View more New York homes for sale. Homes for Sale by Owner. Description: Single Family, White Picket Fence Victorian Dream House on child friendly cul-de-sac. One of the most beautiful and peaceful blocks in brooklyn. Six bedrooms, One and two half baths, Private Driveway, Large Front and Back Yards. Coffered ceilings, working wood burning fireplace and stain glass windows will wow your guests. Can ... 07/01/2009

Luke Constantino | Monday, June 29th 2009 Each market is different. NYC was a bubble market that wasn't affected by the rest of the nation for a long time.  I find this not to be true now.  I see the market regulating from the extreme overpricing that has gone on here for about 3 to 4 years, but it's still going to take time. The trifecta (low mortgage rates, low prices, tax credit) set up for first time homebuyers is slowly fading away.  Even though the tax credit is still in place for people who make less than $ 75,000 annually, the mortgage rates are slowly going up along with the taxes and closing costs. In NYC, I don't feel we are being hurt by the federal government as much as the city, which is literally strangling people.  Is it still a good time to buy?  Yes, but not for long -... 06/28/2009

The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from the Brooklyn MLS (it is not inclusive of all properties sold in these areas). Two Family Homes Median Selling Price - $327,500 a decrease of 39.6% from May 2008. Closed sales - 22     Bank Owned/Short Sales - 11 Days on market - 120 New Active Listings this month - 59 Expired Listings this month - 45   Days on Market - 200     Information gathered from the Brooklyn, NY MLS 06/12/2009

The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from the Brooklyn MLS (it is not inclusive of all properties sold in these areas). One Family Homes Median Selling Price  - $355,000 a decrease of 15.4% from May 2008. Closed sales - 10    Bank Owned/Short Sales - 2 Days on market - 160   New Active Listings this month - 40 Expired Listings this month - 24   Days on Market - 192 Information gathered from the Brooklyn, NY MLS   06/12/2009

The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from the Brooklyn MLS (it is not inclusive of all properties sold in these areas). Two Family Homes Median Selling Price - $320,250 a decrease of 25.6% from April 2008. Closed sales - 16     Bank Owned/Short Sales - 8 Days on market - 211 New Active Listings this month - 60 Expired Listings this month - 57   Days on Market - 195  Information gathered from the Brooklyn, NY MLS 06/12/2009

The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from the Brooklyn MLS (it is not inclusive of all properties sold in these areas). One Family Homes Median Selling Price  - $393,900 an increase of 2.3% from April 2008. Closed sales - 8    Bank Owned/Short Sales - 2 Days on market - 179  New Active Listings this month - 28 Expired Listings this month - 20   Days on Market - 182 Information gathered from the Brooklyn, NY MLS   06/12/2009

The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from the Brooklyn MLS (it is not inclusive of all properties sold in these areas). One Family Homes Median Selling Price  - $323,100 a decrease of 12.5% from March 2008. Closed sales - 13    Bank Owned/Short Sales - 2 Days on market - 189   New Active Listings this month - 32 Expired Listings this month - 24   Days on Market - 192    Information gathered from the Brooklyn, NY MLS 06/12/2009

The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from the Brooklyn MLS (it is not inclusive of all properties sold in these areas). Two Family Homes Median Selling Price - $380,000 a decrease of 19.4% from February 2008. Closed sales - 15     Bank Owned/Short Sales - 6 Days on market - 160 New Active Listings this month - 52 Expired Listings this month - 52   Days on Market - 195 Information gathered from the Brooklyn, NY MLS 06/07/2009