New-home sales slipped 2.1% in November, the Census Bureau said last Tuesday.
Builders sold homes at a seasonally adjusted annual rate of 464,000 last month, down slightly from October's 474,000.
Since the Federal Reserve began signaling in May that it would reduce its monetary stimulus, 30-year mortgage rates have climbed to 4.47% from 3.51%. That's one of the reasons that the US housing market has been stalling.
In this environment, it's still hard to sell your house quickly.
However, there is always a way to Sell Your House Quickly for CASH. We Buy Houses in Any Condition & Situation Quickly for CASH. Please see details on our main website.
Monday, December 30, 2013
Friday, November 29, 2013
Housing Recovery is NOT guaranteed in Brooklyn NY
The Pending Home sales, the number of contracts Americans signed to buy existing homes, unexpectedly fell 0.6% in October for a 5th consecutive month due to higher borrowing costs that are denting the real-estate recovery, the National Association of Realtors said this week.
Economists were expecting 1% growth. So it is way below the estimates. This suggests that many people cannot qualify for mortgages due to the higher interests rate. As rates are surely going to go up in the next few months because of the Fed tightening, things are likely to get worse.
That would be another blow to the local Brooklyn housing market. Then, it would be very hard to sell your house in the near future.
However, there is always a way to Sell Your House Fast. We are Cash Investors and Buy Houses As Is All CASH throughout Brooklyn and the Bronx, NY. We don't use banks. please contact us and receive our cash offer within 2 business days. For more into, please go to our main website:
Economists were expecting 1% growth. So it is way below the estimates. This suggests that many people cannot qualify for mortgages due to the higher interests rate. As rates are surely going to go up in the next few months because of the Fed tightening, things are likely to get worse.
That would be another blow to the local Brooklyn housing market. Then, it would be very hard to sell your house in the near future.
However, there is always a way to Sell Your House Fast. We are Cash Investors and Buy Houses As Is All CASH throughout Brooklyn and the Bronx, NY. We don't use banks. please contact us and receive our cash offer within 2 business days. For more into, please go to our main website:
Sunday, April 14, 2013
Foreclosures are rising dramatically in New York City in March, 2013
Foreclosures are rising dramatically in New York City.
In New York City, foreclosure filings in March vaulted by 150 percent,which is the biggest percentage increase in 12 months, according to the foreclosure-information firm RealtyTrac.
Foreclosures have been rising for six months straight in Brooklyn and 11 months in a row in Queens. Staten Island continues to have the highest foreclosure rate in the state, with 1 out of every 350 housing units in foreclosure.
“The trend is not only continuing but accelerating,” said Daren Blomquist, vice president of RealtyTrac.
By contrast, nationwide, foreclosure filings dropped 23 percent in March compared with the year-ago period.
Considering this, New York City’s real estate conditions have been still very difficult. Therefore it would be hard to sell your house in Brooklyn, the Bronx or Queens.
However, there is always a way to Sell Your House Quickly for CASH. For more information, please visit our main website.
In New York City, foreclosure filings in March vaulted by 150 percent,which is the biggest percentage increase in 12 months, according to the foreclosure-information firm RealtyTrac.
Foreclosures have been rising for six months straight in Brooklyn and 11 months in a row in Queens. Staten Island continues to have the highest foreclosure rate in the state, with 1 out of every 350 housing units in foreclosure.
“The trend is not only continuing but accelerating,” said Daren Blomquist, vice president of RealtyTrac.
By contrast, nationwide, foreclosure filings dropped 23 percent in March compared with the year-ago period.
Considering this, New York City’s real estate conditions have been still very difficult. Therefore it would be hard to sell your house in Brooklyn, the Bronx or Queens.
However, there is always a way to Sell Your House Quickly for CASH. For more information, please visit our main website.
Tuesday, March 5, 2013
Home Prices in NY Fell Down in December from a year ago
As home prices went up a little nationally last year, the New York Area was the ONLY region where prices fell, the Standard & Poor’s Case-Shiller Home Price Index reported last week.
Home prices in NY area has dropped 0.5 percent in December 2012 since one year ago, the Index said.
The recent decline in home prices is due to the high unemployment rate in New York City, which is higher than other parts of the country: Especially the higher jobless rate in the finance sector.
In addition, NY has a large backlog of distressed properties . Once those foreclosed properties hit the market, they must sell at a steep discount, which is pulling down the prices in the area so hard.
That means that the NY housing market is still in a very tough situation: And it is hard to Sell Your House.
However, there is still a way to Sell Your House for CASH Fast. Please see our main website for more details.
Home prices in NY area has dropped 0.5 percent in December 2012 since one year ago, the Index said.
The recent decline in home prices is due to the high unemployment rate in New York City, which is higher than other parts of the country: Especially the higher jobless rate in the finance sector.
In addition, NY has a large backlog of distressed properties . Once those foreclosed properties hit the market, they must sell at a steep discount, which is pulling down the prices in the area so hard.
That means that the NY housing market is still in a very tough situation: And it is hard to Sell Your House.
However, there is still a way to Sell Your House for CASH Fast. Please see our main website for more details.
Wednesday, January 30, 2013
The Home Prices in NYC Fell from One Year Ago
The S&P Case Shiller index, the most trusted home price index, revealed yesterday that things are NOT getting better in New York City.
Among the 20 major US cities, only NY has a price decrease in November from one year ago: the home prices have come down in New York City (Brooklyn, the Bronx and Queens, etc) by -1.2%.
So it is not easy to sell your house in this environment. It may take 10-15 months to have it sold for what you are asking.
However, there is always a way to sell your house for CASH fast. As local NYC investors (cash buyers), We Buy Houses in Any Condition and Situation for $CASH & Close Quickly. Please visit our main website for more details.
Among the 20 major US cities, only NY has a price decrease in November from one year ago: the home prices have come down in New York City (Brooklyn, the Bronx and Queens, etc) by -1.2%.
So it is not easy to sell your house in this environment. It may take 10-15 months to have it sold for what you are asking.
However, there is always a way to sell your house for CASH fast. As local NYC investors (cash buyers), We Buy Houses in Any Condition and Situation for $CASH & Close Quickly. Please visit our main website for more details.
Wednesday, January 23, 2013
US Existing Home Sales Dropped in December: NOT Good Sign for the Housing Market
US Housing market, is still NOT out of woods. Just not yet.
Sales of U.S. existing homes unexpectedly fell 1 percent to a 4.94 million annual rate in December from November, as supply shrank, according to the National Association of Realtors.
This is also below a 5.1 million rate that the market expected. Considering these, the US Housing Market is still tough, as its economy has so many problems including jobs, fiscal debts ceiling, federal spending cuts.However, even so, you can sell your house in the Bronx or Brooklyn quickly for cash. As local investors, We Buy Houses "As Is" All CASH in Any condition and Any Situation & Close very quickly : in many instances, within 10 days or even less. If you are interested please contact us via our main website:
Saturday, January 19, 2013
Buy My Brooklyn/Bronx House Quickly for CASH. I Start Afresh in the New Year of 2013!
When the media talk about the gradual recovery of the housing market in the US, they mean the worst battered markets like ones in Arizona, Floria or Nevada.
New York City? NOT YET! When it comes to New York City, including Brooklyn, Queens and the Bronx, things are still so tough. Foreclosures are flooding into the market and prices are being pressured down.
However, if you want to sell your house quickly for CASH, there is a way. And you are in the right place.
As local CASH investors, We Buy Houses "As Is" for CASH & Close Quickly.
Please contact us and let's work together. In many instances, we close within 10 days or even less. And you can start afresh with all the cash in the new year of 2013!
Please visit our main website and contact us from there.
New York City? NOT YET! When it comes to New York City, including Brooklyn, Queens and the Bronx, things are still so tough. Foreclosures are flooding into the market and prices are being pressured down.
However, if you want to sell your house quickly for CASH, there is a way. And you are in the right place.
As local CASH investors, We Buy Houses "As Is" for CASH & Close Quickly.
Please contact us and let's work together. In many instances, we close within 10 days or even less. And you can start afresh with all the cash in the new year of 2013!
Please visit our main website and contact us from there.
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