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 ‘New York Realtor’
New York Foreclosures Up
Posted in Foreclosures, Short sales, The Market, tagged New York foreclosures, New York loan modifications, New York real estate market, New York Realtor, New York short sales on December 29, 2009 | 1 Comment »
According to the NY Times, foreclosure filings in New York State for 2009 are up 17 percent from 2008, with just over 48,000 cases. Not all filings automatically become bank repossessions- many will become short sales, loan modifications or get pulled back by the homeowners through other means (like paying the arrearage if at all possible). Even [...]
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J. Philip Faranda Broker-Owner (914) 723-8900
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