Generally, not up. There may be pockets of improvement, as all markets are local, but we aren’t on solid ground. We haven’t grown out of the recession yet, and there are questions as to whether the gigantic spending the administration is doing will sabotage or foster prosperity. Les Christie of CNN/Money rightly observes that rising rates, foreclosures [...]
Posts Tagged ‘buyer’s market’
Thinning Agent Herd is the Silver Lining to Slow Market
Posted in Uncategorized, tagged Briarcliff manor Realtor, buyer's market, choosing an agent, Home selling, how to choose a real estate agent, real estate agents leaving industry, slow real estate market, westchester real estate on January 24, 2009 | Leave a Comment »
With the economy in decline and the housing market more so, real estate agents are leaving the industry. This is first and foremost a sad thing for anyone who loses a job or has a business fail; I never like to see anyone suffer or have financial problems. Overall, however, there is a silver lining [...]
Foreclosures Triple
Posted in Foreclosures, tagged buyer's market, Foreclosures on June 13, 2008 | 1 Comment »
May 2008 saw over 73,000 home foreclosures, almost trebling May 2007′s 28,548. This hurts everyone. There will always be foreclosures, repos and REOs going on the market, but those extra 45,000 repossessions flood the already swollen inventory with under-priced distress sales. It will be a while before we wring out the casualties and return to any [...]
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J. Philip Faranda Broker-Owner (914) 723-8900
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