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Two town houses in gated Smithtown communities offer similar features and amenities such as a pool and clubhouse -- but one costs less than half as much in property tax as the other. The reason? It's a condo....
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Congress and the states are looking at spending what could be billions of dollars on efforts to buy and revamp foreclosed properties. By the time the money is available, they could have models for how to do so, thanks to grants from a group of wealthy philanthropies....
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The New York City Housing Authority (NYCHA) should reconsider its position to slash hundreds of housing services. It would be a wrong move during these tough economic times to shut down community centers and cut programs that offer job training, senior enrichment activities and health care assistance....
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A survey of homebuilders' assessment of the housing market shows the industry's sentiment tied the mark set in December....
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Wachovia Corp., which ousted its top executive after estimating it may lose more than $4.5 billion on adjustable-rate home loans, will start calling would-be borrowers to explain the risks of such mortgages....
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A New York financial adviser who admitted ripping off more than $11 million from 53 clients will be spending the next five to 15 years in state prison....
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As the downward spiral of the U.S. housing market continues, real estate agents are approaching a new market segment previously ignored in an attempt to revive the housing industry....
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A day before New York City's first Ikea store opens its doors, some people camped out for free sofas while others bemoaned an end of an era in a Brooklyn neighborhood that artists and blue-collar workers call home....
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The number of U.S. homeowners swept up in the housing crisis rose further last month, with foreclosure filings up nearly 50% from a year earlier, a foreclosure listing company said Friday....
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Speaking at an economic forum in Mexico City, Mexico, Former Fed Chairman Alan Greenspan said that while he has seen a pronounced turnaround in March, the market turmoil may get worse before a recovery sets in....
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The National Association of Realtors has just issued a whopper of a correction, saying that instead of a slight increase, New Jersey's housing market actually saw a 30 percent
drop in home sales in the first quarter compared to last year....
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The White House temporarily suspends a rule that imposes a 90-day waiting period before foreclosed homes can be sold to receive government loans....
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Signs of cracks in Manhattan's property market could mean the rest of the country is on the road to recovery, since New York tends to feel the effects of a slowing economy later than the nation does. One segment still in the stratosphere: luxury condos and co-ops in exclusive buildings....
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State and city Democratic officials are calling on the Republican-controlled state Senate to pass a raft of bills approved in the Assembly that are intended to expand "affordable" housing and grant new protections to tenants...
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Plans to make new housing opportunities available for low-to-moderate income families have been supported by Gov. David Paterson....
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on
22 July, 2008 02:11:20