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72 percent of real estate blog HomeGain’s members are of the opinion that home prices will stabilize over the next six months.
The Federal Reserve’s last Beige Book report of the year has been published.
About 23 percent of all U.S. mortgage-borrowers owe more than the value of their properties.
When unemployment soars, commercial real estate prices plummet.
Last month saw a decrease of 3 percent in nationwide foreclosure filings from September.
In Manhattan and Queens, prices are falling slower in comparison to last quarter, and inventory is still down.
The situation in New York, as stagnant as it has become since last year, is much rosier than other regions.
The Fed said that the housing and manufacturing sectors are stabilizing, but commercial real estate is not.
The foreclosure situation isn’t seeing much change, according to a report from Realty Trac, the foreclosure marketplace.
Buyers are buying and buying at lower price points in the Manhattan residential market, according to Streeteasy’s third quarter report.