Manhattan homes cost 5 times more than average
April 3, 2011 by Matthew Bond · Leave a Comment
NEW YORK — Isn’t it fun to be a New Yorker? There’s the rotten weather much of the year, dirty subway stations, packed restaurants and grid-locked streets. And really high home prices.
According to four residential real estate market reports released Friday, this year the typical Manhattan home buyer shelled out about five times as much as the average American paid for a place to live.
“The New York market is strong compared with the rest of the country, but that’s not saying much,” said Jonathan Miller, president of Miller Samuel, the premiere local appraisal firm.
The Manhattan housing market is considerably off its peak. Back in late 2008, buyers paid an average of about $1,400 a square foot for a condo or co-op.
Jones Lang LaSalle Markets $30M Defaulted Loan on Manhattan Development Site for Sale
March 26, 2011 by Darcy Beg · Leave a Comment
Jones Lang LaSalle is marketing a $30.5 million defaulted loan for sale. The loan, which is collateralized by 4,950-square-foot land development site at 276-280 Third Avenue in the Gramercy Park section of Manhattan, is scheduled to be sold at a foreclosure auction on March 30.
Leading the Jones Lang LaSalle team on this transaction are Vice Chairmen Jon Caplan, Richard Baxter, Yoron Cohen and Scott Latham, Senior Vice President Dustin Stolly, and Vice President Jason Gold.
“We are seeing strong interest among investors who appreciate the luxury condominium development potential around the corner from Gramercy Park,” said Caplan.
The site is situated on the corner parcel of the southwest corner of Third Avenue and East 22nd Street, the corner parcel. It i
Wholesaling houses for a living
March 26, 2011 by Darcy Beg · Leave a Comment
Wholesaling houses is similar to wholesaling any other type of product:
You agree to purchase a house at a discount, sell it at a marked-up price and pocket the profit.
Wholesaling real estate is ideal for beginners because the process isnt as complex as some other distressed property transactions. Than Merrill turned to wholesaling after his career in the NFL was cut short.
Today, hes the star of A&Es Flip This House and one of the most successful real estate wholesalers in the country today.
This month’s edition of “Investment Exchange” is devoted to getting you started on this lucrative path that leads to making easy money as a distressed property investor. We sha
Ways to find free boxes while moving to Dallas
March 25, 2011 by admin · Leave a Comment
Free moving boxes are always in high demand with the desire to save money and to live greener and make moving to dallas tx extremely simple. Although you would want to be careful about their origin as bugs too love to take up residence in this cardboard home. Yet, with little attention you can both find moving boxes for free and some peace of mind and lots of savings too as after moving the boxes become redundant and are of little use. You may consider donating these boxes to someone who is moving and needs them for moving. Read on for tips on where to locate free moving boxes in your area.
You may find small moving boxes for free from the United States Postal Service. Read full post…
The housing industry might be facing the biggest home buying opportunities in ages: the Millennials.
March 24, 2011 by Jack Collie · Leave a Comment
According to Wells Fargo, there are 51.5 million potential first time homebuyers born between 1979 and 1991, people born in between this year range are also knowned as the Millenials. Approximately 6 million more of these Millennials are making of these years the prime homebuying age.
For 3 consecutive years, the mortgage industry has been standing still in problems. Falsely written loans taken out by homebuyers who weren´t able to afford them which helped the rising of foreclosure levels, impacting servicers, who rapidly encounter themselves involved in investigations and brand new standards.
The result has been a growing shadow inventory of foreclosed homes that need to be sold.