BATTER PARK, MANHATTAN
Battery Park City facing possible mortgage crisis
These are some tough times for people living in Battery Park City. They say Fannie Mae has stopped backing loans for the area, making it even harder for people to buy or sell apartments there. Condo and co-op sales have plummeted recently. The dreary skies over Battery Park City Monday apparently weren’t the only clouds hovering over the lower Manhattan neighborhood…Rest of Story...

FIRE ISLAND, NY
How will sale affect Fire Island Pines real estate?
The Fire Island Pines residential market has responded so far with an unfazed yawn to the $17-million sale of the commercial properties overlooking the harbor and ferry dock, including a hotel, grocery store, gym, two restaurants and a nightclub, says C.J. Mingolelli of Prudential Douglas Elliman Real Estate in Cherry Grove and Manhattan, who has listings in the Pines…Rest of Story…

LAKE GENEVA, WI
WHAT’S AHEAD FOR LAKE GENEVA REAL ESTATE MORTGAGE RATES THIS WEEK : MARCH 29, 2010
Mortgage markets tanked last week, raising rates for Lake Geneva real estate to their highest levels in a month. Most of the losses occurred Wednesday in what was the worst 1-day mortgage market performance in more than 6 months. Even Friday’s rally could barely dent the losses. Most of the movement was tied to geopolitical concerns and worries of a ballooning…Rest of Story…

LOS ANGELES, CA
Los Angeles Times Unloads Foreclosure Web Site
The Los Angeles Times is getting out of the foreclosed-homes auction business, saying it needs to focus its attention and money on its other ailing operations. The newspaper, which is owned by Tribune Co., obtained bankruptcy court permission last week to sell its 66.67% interest in foreclosure auction Web site Zetabid.com to joint-venture partner Catalist Homes for $200,010…Rest of Story…

MAGGIE VALLEY, NC & WAYNESVILLE, NC
Year-to-Date 5-Year Comparison of Land Sales in Maggie Valley, Waynesville and Haywood County, NC.
Land sales in Maggie Valley, Waynesville and all of Haywood County NC are not unlike home sales … slow, down from the same period last year, and lower than in the previous 5 years. The selling $ volume, obviously, is down drastically. It has been suggested that a significant increase in land sales will reflect that the market has ‘turned,’ and while that could be true, we have…Rest of Story…

SEATTLE, WA
Seattle Real Estate: Your Weekly Mortgage Market Update
THEY SAY THAT MARCH COMES IN LIKE A LION AND GOES OUT LIKE A LAMB… But this year, the exact reverse is true when it comes to home loan rates – for quite a few reasons, including the end of the Federal Reserve acting as a large buyer of Mortgage Backed Securities (MBS). The “demand” created by their fifteen-month program has helped Bond prices stay high and home loan rates stay…Rest of Story…

TEMPE, AZ
Tempe and Phoenix condo market slower to recover
Video 104: I have been asked recently by a few clients if now was a good time to invest in Phoenix and Tempe condos. Honestly, I am not sure it is if you are wanting to wait until the bottom of the market. Yes prices are low and if you are looking for a primary residence now may not be a bad time. But if you are looking to fix and flip the Tempe and Phoenix housing markets…Rest of Story…

US
It’s a buyer’s market for million-plus homes
Talk about the two extremes of the current real-estate market. Not only has the recession helped create a renter’s market, but it’s also a good time to buy homes that cost more than $1 million. Of course, there are stark differences between what these renters and buyers need to bring to the table to get a good deal. For buyers of high-end homes, it’s all about the cold, hard cash…Rest of Story…

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