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Governor Paterson has many admirers, but the real estate moguls that dominate the city have donated hundreds of thousands of dollars to the Governor....
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High risk borrowers are being forced to purchase private insurance from lenders in the United States. This comes after a record number of homes were foreclosed upon....
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Property leases are on the rise, and so are the prices associated with it. The rental market in NYC is so hot that even during this credit crunch, savvy consumers are paying on average 72 dollars per square foot, per year, for their digs....
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Some New York voters want to cap the income tax at 4 percent of property value, while others want to base it on income. These methods would ease the stress felt by homeonwers who may already find it difficult to make their payments....
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A partnership between IBM and the State of New York brings over 1 billion dollars and a thousand jobs to the upstate region. The Albany area is seeing record levels of growth thank to IBM....
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Across the country homeowners at risk for foreclosure are selling the family home only to turn around and lease the same property from the new owner. ...
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In this market of falling home sales, it becomes more important than ever to have an advantage over your competition. Many buyers will buy from first impressions, so it's important to make the right one. ...
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The real estate market has its ups and downs everywhere. But, of course, not everywhere experiences the same cycles. While Los Angeles and San Francisco real estate prices are slumping, NYC is actually headed skyward, albeit slower than usual. ...
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Several upscale restaurants will be opening their doors in NYC in the near future. Their draw, however, isn't just the food; it's the price as well. WIth at least one offering a three-course dinner for less than 50 dollars, it's not hard to see how these will be a success!...
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Sallie Mae and Freddie Mac, the two largest holders of mortgages in the US, were offered assistance by President Bush. However, confident in their own solvency, they turned down the help; nonetheless, the government stands ready to write the big check if necessary....
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Many of the people who, a year ago, would have been considered the most qualified in the city are having trouble finding co-ops that will let them in. Many Co-Op boards and mortgage companies and adjusting how the treat bonus money, no longer allowing the financial pros to count their 6 and 7 figure bonuses as income....
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In the State of NY, lenders can base the amount of your loan off of your potential future earnings. In doing this, they limit their exposure to making bad loans and can generate new business even during a market slowdown....
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Which candidate would do a better job of handling housing prices? ...
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A recent U.S. Census Bureau report shows that while New York City is getting bigger, even the largest of cities in upstate New York are getting smaller....
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Brooklyn apartment and townhouse sales fell 44 percent in the second quarter from a year earlier and prices dropped 1.9 percent as buyers struggled to obtain mortgages from banks battered by the credit crisis....
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on
22 July, 2008 02:11:20