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 …
With the newest data on home sales out Wednesday, one thing is clear: The volume of current real estate activity is not what many players hoped it would be.
Real estate foreclosures — what a mess. Want a visual? Go spill half a can of cola on your kitchen floor. Did it clean itself up? I thought not. The same thing is happening with foreclosures.
Zillow, the third-most-visited real estate website in America, last month decided to spruce up one of its most popular features: its “Zestimates,” or valuations of what properties on its site are worth.
Condominium owners are a very specific breed: willing, if not eager, to give up the privacy of a single-family house in exchange for handing over the burdens of maintenance, lawn-mowing and pool-cleaning to someone else.
