RECENT BLOG POSTS
Sorry that title is incorrect.... it should read "CRASHES!" I've been saying this since the White House requested this back in January. I've seen articles in the Investors Bussiness Daily & the Wall Street Journal mention it, but no one else seems to be discussing it. WHY..... THE FORECLOSURE MO...
There's a great article in the Investors Business Daily today "Weaker Home Sales Strengthen Case To Extend Tax Credit" In it, they report "another obstacle to a housing recovery; a huge shadow inventory of up to 7 million homes that have been --- or will go --- through foreclosure but have yet t...
Wow, my head is spinning. Depending on which media source you read or watch, either the sky is falling or as the politicians put it "we've pulled back from the brink". Well I'm no economist and I don't play one on TV so I won't speculate about any "brink". But I do know real estate, real estate m...
Statistics... funny thing about numbers, if you're not careful it's very easy to mis-understand them! Earlier in the year I made a post stating we may be nearing the bottom of this down market. The average number of sales was only down 2.3% compared to the year before and the average sales price ...
After months of doule digit decreases in average sales prices, increases in inventory and days on the market we finally see some stabilization. Below are our current statistics January 2009 Sales Statistics SINGLE FAMILY DETACHED Jan '08 Dec '08 Jan '09 Yr Chg ...
It seems the theme of the day has moved from "FORECLOSURES" to "SHORT SALES". So what exactly are these "SHORT SALES"? Well, simply put, its when the value of the home is lower than the amount owed to the mortgage company. You sell the house for less than is owed and the bank accepts that payment...
Below are the most current market stats for the Dutchess County, NY area. Notice the average sales price dropped over 13%, that number by itself doesn't mean much, but when you look at last months numbers, the decrease was over 8%. There seems to be a pattern emerging and it doesn't look good for...
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FORECLOSURE. You hear it in the debates, the newspapers, TV and yes even Blogs. I recently read that 1 out of every 100 homes are entering some part of the foreclosure process. An additional 2 million foreclosures are expected in 2008. This brings many thoughts to mind, anyone remember the RTC? F...
January 2008 Sales Statistics SINGLE FAMILY DETACHEDJan '07 Dec '07 Jan '08Yr Chg Current Closed Sales135 149 88-34.8Current Average Selling Price348,553 402,267 371,990 6.7Current Average Days on Market126 114 15119.8Available Listings 1st of Month1635 2118 190416.5Purchase Offers 1st o...