Posted by Leonard Steinberg on August 25th, 2013 My jaw dropped as I ate breakfast this morning reading the Times on the terrace over-looking vistas of stone structures with clay tiled roofs, pristine vineyards, lavender and cypress trees in the Luberon Valley (nature in perfect harmony with architecture)…..In an attempt to boost the housing market… [Read More]
WALL STREET RESCUES THE HOUSING MARKET CRASH WITH PRIVATE STIMULUS?
Posted by Leonard Steinberg on June 4th, 2013 Did large Wall Street firms save the crashed housing markets in the USA with PRIVATE STIMULUS? Some would say yes. Large investment firms have spent billions of dollars throughout 2012 buying homes in some of the nation’s most depressed markets. The influx has been so great, and… [Read More]
THE HEALTH OF HOUSING
Reports to-day lament the state of the housing market, and for sure the markets around the country are not very healthy. Some housing markets show signs of healing. Home-sales activity in New York, Washington, D.C., and parts of California continue to improve. But other markets, including Tampa, Fla., and Chicago, face rising foreclosures and weak… [Read More]
IS MANHATTAN DIFFERENT?
Nationally existing home sales dipped 0.6 percent month-over-month to an annual rate of 5.02 million units, the National Association of Realtors said on Tuesday. The drop last month was a touch less than market expectations for a fall to 5.0 million units. The data showed weakness at a crucial time for the housing market with… [Read More]