Todays Grip on the REAL ESTATE Market...!

Keep your eyes open, your ears to the ground.......KNOWLEDGE is POWER...!

Cmon...guys...waiting for your feedback!

Hey, pretty interesting. Thanks.

The question for me is whether New York will mirror the national scene or "continue" to trail the national scene.

The low end is moving in NYC - but the medium and high end largely remains gridlocked. I can't feel comfortable with prevailing price-to-rent ratios in the medium area.

http://www.businessinsider.com/case-shiller-flashing-the-ultimate-false-bottom-in-housing-2009-8

Topper

I believe that the reason for the gridlock in the med - high end market, is due to failure of price adjustment.....Once the prices hit reality....movement will follow!

i know this is national, but still. i had quite the OMG moment. wow.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aqTrfIx0BOgs

ar

Thanks for the Positive Post!

> i know this is national, but still. i had quite the OMG moment. wow.

Yay, only two more years of declines for Manhattan!

fayek, 10022, you misunderstood. i think this is horrifying. this was my favorite line, although i was also amused/distressed by the comment referring to the large amount of lending available to homebuilders.

“Like a shark has to keep swimming or it’ll die, it’s the same thing with builders,” said Kathryn Boyce, regional director in Sacramento for Hanley Wood Market Intelligence, a real estate research company based in Costa Mesa, California. “They have to keep building or they’ll die.”

New Hovnanian marketing slogan... "why buy at a courthouse when we serve donuts and coffee and can match their PRICE. Come on in, free ham to the first 100 customers signing a contract TODAY!"*

*customers must 18years of age, no credit check required, flip flops not allowed, shirts optional, and prior bankruptcies are no hindrance, the ham will 5 ozs and we cannot guarantee they are indeed ham.

yeh, ar.. is fayek a broker... that went right over her...

one time I was on a bike when a guy almost knocked me over... I said "great going, you almost killed me." He had this weird deer in headlights look... I realized he couldn't understand sarcasm! LMAO. Clueless Jersey driver...

fayek is an agent that loves good humor...bring it on w67thsteet!

LOL w677thstreet you're a trip! LMAO

i know fayek is a broker. unlike carolst he has identified himself as such all along. and unlike the other AR he doesn't seem to be an idiot.

and i guess if you just looked at the headline, and didn't think of the ramifications, you might conclude this is good economic news. i wonder if the new units will be competing against units that exist today, have not been sold, and might be taken over by the bank. probably the same bank that is providing fresh money. blows the mind away.

this is what happens when you don't hold banks accountable for their lending performance. and when the gov't decides to buy huge amounts of mortgages to prop up asset prices. like a shark, banks must keep on lending to stay alive.

fayek is a SHE!

sorry, i should know better. being a she who is mistaken for a he quite regularly.

"fayek, 10022, you misunderstood. i think this is horrifying. this was my favorite line, although i was also amused/distressed by the comment referring to the large amount of lending available to homebuilders."

Sorry, I did. And, yes, this 'aint gonna help.

Funny thing is, when housing starts went down, SteveF and Juice yelled it was great for bulls. Now its up, and thats supposedly great for them, too....