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Buyers Trying to Predict the Bottom

March 9, 2009

Analysis of:Home Sales Plunge Again As Buyers Remain Hesitant | www.cnbc.com

Will there be another major price correction? Will we see Jumbo Loans (>$750K) @ 4%? What is the right initial offer to start a negotiation with a seller?

First Time Home Buyers Will Return

March 9, 2009

Analysis of:Home Sales Plunge Again As Buyers Remain Hesitant | www.cnbc.com

Low Cost Financing will be the norm for the foreseeable future Inventory is still staggeringly high Eager Sellers will conisder any offer, just want a live body to talk to negotiate with

Health of brokerage firms tell the real story

October 17, 2008

Analysis of:Manhattan Avoids Apartment Glut | www.globest.com

The impications of this article focus on the conituted understatement about the health of the NYC real estate market. If the industry is assessed from the perspective of brokerages not inventory or sales price, the pciture is bleaker than stated. Transaction volume at brokerage firms is down 50% in the last 12 months. Brokerage firms who are always strapped for cash do not have access to lines of credit for two reasons - the credit market is frozen and what bank would provide a line of credit secured by commissions from Real estate transactions that probalyu wont close. Agents are starving. Buyers are walking away from deposits and sellers are seeing properties on the market for 6 months with no activity other than low ball offers. Job Losses impact the rental market which would normally improve in times of slowing purchases. And no bonuses this year will delay the normal boost for sales in the new year.

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