by Michael Haltman, Hallmark Abstract Service LLC Anyone living in or near New York City is likely aware of the sharp rise in the selling price for residential real estate over the past 10-years! Having our business centered here we have watched with nothing short of amazement as any negative impact on property prices stemming …
FLASH- Fed to taper another $10 billion. Maybe they are concerned about all the interest income they are removing from the economy? 😉
The National Association of Realtors (NAR) Pending Home Sales Index (PHSI) number for December fell by 8.7%, crushing clueless Wall Street economists whose consensus guess was for a decline of 0.2%.
Written by Steven Hansen The headlines for existing home sales say that sales growth improved marginally in December month-over-month. Our analysis says the sales last month were so bad that any data would look good in comparison. The three month rolling averages are still declining demonstrates how soft the data is.
Written by Steven Hansen Residential building permits in December shows this sector’s growth – but the rate of growth continues to moderate.