Still Tough Market out there in Brooklyn NY

This past week, NAR, the National Association of Realtors, reported Pending Home Sales Index. Yes, the number improved a little but there are still some concerns going forward that cannot be denied.

According to NAR, contracts for pending sales of previously owned homes rose faster, up 2% than expected in December after the prior month's sales were revised lower.

The National Association of Realtors Pending Home Sales Index, based on contracts signed in December, was up 2 percent to 93.7 from a downwardly revised reading of 91.9 in November.

However here are concerns:

1: The November number has been revised downwardly to 3.1%
increase from October. (It was reported 3.5% increase before.)

2: December number released this week is 4.2 percent lower than the 97.8 level of a year ago.

That means, even though we are seeing some improvement, this trend may not be sustainable and could head back south. And the level is still at or close to the bottom.

No wonder that houses remain unsold for 8-10 months on the average in the local Brooklyn NY market.

If you are having a hard time selling your house, and being frustrated or desperate, please read our FREE REPORT, "The Fastest Ways To Sell Your House In Any Condition".

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Signs of a "Double Dip" in US Housing Market - Hard to Sell in Brooklyn NY, too

The prices of single-family homes in 20 major cities fell a non-seasonally adjusted 1.0% in November, according to the S&P/Case-Shiller home price index released Tuesday, January 25th by Standard & Poor's.

This is the 4th straight monthly decline. Prices have moved down 1.6% in the past year. This is the second consecutive month where annual growth rates decelerated. Home prices declined in 19 of the 20 metropolitan areas tracked by Case-Shiller in November compared with October.

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As national housing prices decline, the local housing market in Brooklyn NY has been getting tougher and tougher. It is really hard to sell. It is not uncommon that a house remain unsold for 8-10 months.

Therefore, if you are having a hard time selling your house in Brooklyn NY, you are not alone. The chances are that it is NOT about your house, it is about the depressing housing market.

But please don't get discouraged. Let us help you.

As local real estate investors, We Buy Houses "As Is" for Cash in Brooklyn NY. We Pay Cash and there is NO FEE for you. And the good thing is that we can close within 10 days or less under normal circumstances.

Please call our Toll Free 24HR Recorded Message System at 1-888-282-0423. Or Visit our website at WeBuyHousesNYC.com

US Home Sales Hit 13-Year Low in 2010

The number of people who bought previously owned homes last year fell to the lowest level in 13 years, NAR, The National Association of Realtors reported on Thursday.

High unemployment and a record number of foreclosures are main reasons why potential buyers are not willing to buy houses, fearing that home prices haven't reached the bottom.

The local Brooklyn NY area has, of course, the same trend.

"We built too many houses during the boom, and now after the crash, it will take us a long time to get back to normal," said David Wyss, the chief economist at Standard & Poor's in New York.

The National Association of Realtors reported Thursday that sales dropped 4.8 percent to 4.91 million units in 2010. That was slightly fewer than in 2008, which had been the weakest year since 1997.

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Reading this news, you may be wondering, "I must sell my house now. Can I really sell it fast in this kind of downturn housing market?"

The answer is a big YES! In Any Market, things sell if they are priced right. If you must sell your house fast, and if you can negotiate the price, there will be a buyer.

As local real estate investors in Brooklyn NY, We Buy Several Houses a month for CASH. We specialize in solving your "Real Estate Challenges" by buying properties in ANY Condition and Situation.

We are NOT real estate agents. That means there is NO FEE for you. We Pay Cash and can close within 10 days or even less under normal circumstances.

And we take your house "As Is." Ugly houses and houses that need total rehab are welcome.

Please contact us for more details. You can visit our website at WeBuyHousesNYC.com or call our Toll Free 24HR Recorded Message System at 1-888-282-0423.

2010 was the Worst "Foreclosure" Year Ever !!!

2010 was the worst ever in history in terms of "Foreclosure" proceedings.But experts claim that things could have been worse.
Here is an excerpt of the related news article.

A record number of U.S. homes were subject to foreclosure in 2010, a number that would have been even higher had several major lenders not suspended foreclosure actions in the wake of the robo-signing foreclosure scandal, according to a new report from foreclosure data firm RealtyTrac.

Foreclosure filings – including default notices, scheduled auctions and bank repossessions – were reported on 2.87 million U.S. properties in 2010, a 2 percent increase over 2009. The figure works out to approximately one home in 45, or 2.23 percent of the U.S. housing stock.

If not for the robo-signing controversy, which broke in early October, the total could have easily surpassed 3 million, said James Saccacio, RealtyTrac CEO.

So do you think 2011 would be any better? While the US Job markets seem to be improving little by little, the banks are ready to re-start the suspended Foreclosure proceedings in 2011. Then, you could expect actually the foreclosures may increase this year. At least in the first half, many housing-market professionals are NOT optimistic.

Foreclosure could hit any people: not only financially irresponsible ones, but also hard-working, responsible ones like you and me. Divorce, Job-loss, Disability or Death of your loved one could dramatically alter our financial situations that would lead to "foreclosure" filings.

If you are one of those unlucky ones, please take heart. We have published a FREE REPORT "The 5 easiest Ways to STOP Foreclosure in under 48 hours or less." It's absolutely free of charge. Please visit our website and download the report and put your nightmare behind you.

Tired of Maintaining the Property? Especially Snow Shoveling???

Are you tired of maintaining the property, especially Snow Shoveling?

The day after Christmas, New York City had so much snow, up to 20 inches (51 centimeters) in Central Park. That was the record snow fall for December.

Still recovering from that, we are expected to have more snow (another 6 or more inches by Tuesday the Jan. 11th or Wednesday the Jan. 12th, according to the weather forecast.

As a child, we used to enjoy the snow. But as a landlord, we don't appreciate it as much. If we don't clear the sidewalks, we get a ticket from the City.

How many hours does it take? At least 2 to 3 hours, if it is severe snow fall. If you have an investment property, you have to drive there and then start shoveling. What if you own 2 or 3 properties? Your weekend will be gone.

And what is worse, it seems that we are going to have much more snow in this winter season than usual. How many times will you have to do this? By now, you may be having a headache.

For those who are tired of property maintenance, we can provide a quick solution. We Buy Your Headache for Cash and Close fast.

We Buy Houses in Brooklyn, NY or the surrounding areas for Cash and can Close within 10 days or less under normal circumstances.

Please call our 24HR Recorded Message System at 1-888-282-0423, Extention 1. Or Visit our website at WeBuyHousesNYC.com

Stop Foreclosure in Brooklyn, 2011

Happy New Year to all. We wish you the happiness in 2011.

Talking about US housing market, it seems that it hasn't improved.
Here is a latest news on foreclosure rate in the US.

US banks foreclosed on 382,000 homes in the third quarter, a 31.2% spike from the previous quarter, according to the Office of the Comptroller of the Currency.

Foreclosures increased 3.7% from a year ago, and more are coming. There are 1.2 million homes in the foreclosure process as of the end of the third quarter, up 4.5% from the previous quarter and an increase of 10.1% from a year ago

Considering the above, there is a chance that it still worsens from now on.

If you are facing a foreclosure and looking for a way to get out of it, let us help you. Please read our FREE REPORT, "The 5 easiest Ways to STOP Foreclosure in under 48 hours or less."