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Chief Blogger: Christopher Dente, Director of Public Relations | 212.685.7777 | cdente@citi-habitats.com
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News
First-time homebuyers leading market back
Posted by Christopher Dente | November 16, 2009
First-time homebuyers leading market back
By Les Christie, CNNMoney.com staff writer
Housing recovery is being propelled by affordability, bringing entry-level buyers back into the market.
NEW YORK (CNNMoney.com) -- Propelled by the first-time homebuyers tax credit, nearly half of home sales are now being made by first-time purchasers, according to an industry report released Friday.
Read full article here.
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Bidding Wars Resume
Posted by Christopher Dente | November 16, 2009
Bidding Wars Resume
By VIVIAN S. TOY | NY Times
A TWO-BEDROOM apartment on the Upper West Side is listed at $1.595 million and sells within two weeks after nine prospective buyers race to outbid one another, ultimately pushing the price to nearly $1.8 million.
Read full article here.
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The Alliance for Downtown New York - Q3 2009 Real Estate Market Overview
Posted by Christopher Dente | November 12, 2009
The Alliance for Downtown New York - Q3 2009 Real Estate Market Overview
Though the global recession continued to impact Lower Manhattan in Q3 2009, the real estate market outperformed other business districts and showed signs of stabilization. There was a notable uptick in leasing activity between July and September, highlighted by the signing of two of the city’s largest leases this year. Meanwhile, residential vacancy rates remained very low, and hotel prices and occupancy outpaced the greater New York City market. Additionally, 21 retailers opened their doors this quarter, ranging from a national steakhouse chain to delis, clothing stores, and hair salons.
Click here to read the Q3 2009 Real Estate Market Overview, covering office, residential, hotel, and retail market performance.
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5 Pct. Of Americans Plan to Buy a Home Next Year Sign in to Recommend
Posted by Christopher Dente | November 12, 2009
5 Pct. Of Americans Plan to Buy a Home Next Year Sign in to Recommend
By THE ASSOCIATED PRESS | November 11, 2009
NEW YORK (AP) -- Just one in 20 Americans say they plan to buy a home within the next year, and they're most likely to be 34 years old or younger and living in the South or West, according to a survey released Wednesday.
Roughly a quarter of potential buyers said the No. 1 reason they would buy now is because prices appear to have bottomed out. That reason topped bargain-priced foreclosures, worries about rising interest rates and a wide selection of homes.
Read entire article here.
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3rd drop in foreclosures hints at recovery; state-by-state chart
Posted by Christopher Dente | November 12, 2009
3rd drop in foreclosures hints at recovery; state-by-state chart
By Paul Wiseman, USA TODAY
Foreclosures fell for the third-consecutive month in October, another sign the worst of the housing crisis may be past.
RealtyTrac, an Irvine, Calif., real estate firm, reports Thursday that foreclosure filings totaled 332,292 last month, down 3% from September but up 19% from a year earlier. The figure means that one of every 385 homes received a foreclosure notice in October.
Read entire article here.
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