Sunday, November 30, 2008

VIDEO: 40% of sales coming from foreclosures

VIDEO: Preferred Stocks of Citi, Chase paying 8% +

Friday, November 28, 2008

50% off at Soho Penthouse

Soho Penthouse:
: $12,500,000
Now: $5,900,000
You Save!: $6,600,000

Contract Signings Plunged, Listings At A High

Corcoran Group reports that number of contract signings in October plunged 62 percent compared to a year ago. Meanwhile, number of listings increased to the highest in several years, according to Miller Samuel.

Sunday, November 9, 2008

A Downturn Begins - report on Manhattan real estate, some areas decreasing by 20%.

Monday, November 3, 2008

10 Ways to Stumble In Commercial Real Estate
Good summary of key To Dos with commercial real estate.
From the New York Times. Includes...
Location, Use, Approval, Tenant Mix etc etc.

Friday, October 31, 2008

Case Schiller reports home prices post record decline, WSJ 10/28/08


"The indexes showed home prices in 10 major metropolitan areas fell a record 17.7% in August from a year earlier and 1.1% from July. The drop marks the 10-city index's 11th-straight monthly report of a record decline. In 20 major metropolitan areas, home prices dropped 16.6% from the prior year, also a record, and 1% from July.

Both the 10-city and 20-city composites have been declining year over year for 20 straight months.

Month-to-month decliners were led by San Francisco, which posted a 3.5% drop. Phoenix, Las Vegas and San Diego each had declines of more than 2%."

Miller Samuel is an authority of New York City market reports.
Here's the link to Streeteasy's 3Q'08 Manhattan market report. Streeteasy has significantly changed the game by providing key stats to consumers, eg PSF, sale history...
Survey: The World's Next Great Cities - Realtor Magazine