How many homes do you think a real estate agent sells in a year? Ten? Maybe a couple dozen in a really good year? Well, it turns out the median agent does seven “sides” — that is, represents either a buyer or seller in a home transaction — in the course of a year. So it’s pretty remarkable that there’s an agent in Las Vegas who did 931 …
Homeowner’s insurance doesn’t cover floods. Flood insurance doesn’t cover basements. So what’s a homeowner to do?
Right after the devastation of Hurricane Irene, with photos of flooded homes everywhere, comes the news that pop star Rihanna is suing over water damage to her $6.9 million Beverly Hills mansion.
I have never been happier to live on the fifth floor of an apartment building than over the past weekend, as I watched Hurricane Irene pound single-family homes in the New York metro area. (I have one relative who was rescued …
Remember “Cash for Clunkers” — that stimulus program that got Americans to buy, by one estimate, 125,000 new cars? It cost $3 billion. Any guesses as to how much money is set aside for housing stimulus that remains unspent? …
The National Association of Realtors released its July report on housing on Thursday. Considering it’s back-to-school time, let’s take a quiz: The most interesting statistic in the report is …
Correction: An earlier version of this article mistakenly identified Colby Sambrotto as a founder of FSBO.com. In fact, he is a founder of ForSaleByOwner.com.
They’re known as “FSBOs” — properties that are For Sale By Owner. Every year, hundreds of thousands of properties are listed, not by real estate agents, but by the owners …
The Federal Reserve’s announcement this week that it would keep a key interest rate near zero seemed designed to be a chill pill — a way to calm jittery stock market investors by showing that it recognized, and was trying to manage, economic weakness. Whether the announcement was good for real estate is another story.
There’s an old Lily Tomlin joke where she says, “Wouldn’t it be great if all the people in New York who talk to themselves were paired off, so it looks like they’re talking to each other?”
In a similar spirit, apparently, …
The property taxes on my condo just went up 17%. That would be a breathtaking number if I wasn’t so used to it: Last year they jumped 16%. The problem here in New York City is that there are fewer real estate sales than during the boom, so the city has to make up the missing revenue from somewhere. And guess what? Existing homeowners are …
Sales of previously owned U.S. homes (which make up the majority of the real estate on the market) were running at a disappointing 4.77 million annual rate in June, according to the latest release from the National Association of …
