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Sales Will bonuses save the day for Manhattan real estate? January 06, 2010 Will bonuses save the day for Manhattan real estate? NEW YORK (CNNMoney.com) -- Bonuses are making a comeback on Wall Street and that might help stabilize the Manhattan real estate market. While Manhattan home prices dropped between 10% and 15% in the last quarter of 2009 compared with a year earlier, the losses have started to slack off, according to a host of markets reports released Tuesday by big New York brokerage firms. Read full article here.   Comments(0) Filed under: News, Sales Share Mortgage Rate Update January 06, 2010 Regular Mortgages Jumbo Mortgages Source: BankRate.com View: three months   5/1 A.R.M.        4.48% 15-Year Fixed  4.73% 30-Year Fixed  5.29%           5/1 Jumbo         4.79% 15-Year Jumbo  5.66% 30-Year Jumbo  6.10%   Comments(0) Filed under: Market Reports, Sales Share 4th Quarter 2009 Sales Market Summary January 06, 2010 Sales Spur Optimism in Manhattan Real Estate By ELIZABETH A. HARRIS | NY Times The 2009 Manhattan real estate market ended on a better note than it began, according to fourth-quarter reports that were to be released Tuesday by the city’s largest brokerages... Manhattan Apartment Prices Fall as Finance Jobs Lost By Oshrat Carmiel Jan. 5 (Bloomberg) -- Manhattan apartment prices fell for a third consecutive quarter as Wall Street job losses drained demand and the decline in co-op and condominium values reached 21 percent since the market peak... Manhattan Real Estate Now ‘Reasonable,’ Whatever That Means. (WSJ) The weather in Manhattan may be in deep freeze, but the real estate market continues to thaw. With prices falling–co-ops hit 2005 levels–buyers are pounding the (frozen) pavement hunting deals... Manhattan residential market ends year on up note Number of apartment sales in the final quarter hits 2,473, exceeding the 10-year average for the quarter; median sales price fell 10% in 2009. By Amanda Fung If the final quarter of 2009 is any indication, the residential real estate market is in line for a good year in 2010. For the first time since the market collapsed in late 2008, sales activity and inventory in Manhattan stand at near normal levels, according to a number of market reports released Tuesday...   Comments(0) Filed under: Manhattan, News, Sales Share Citigroup to suspend foreclosures for 30 days December 17, 2009 Citigroup to suspend foreclosures for 30 days    By Alan Zibel, AP Real Estate Writer WASHINGTON — Citigroup will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season. The New York-based bank said Thursday the suspension will run from Friday through Jan. 17. It applies only to borrowers whose loans are owned by Citi. Borrowers who make payments to Citi but whose loans are owned by other investors are out of luck. Read full article here.     Comments(0) Filed under: News, Sales Share Debtor's Dilemma: Pay the Mortgage or Walk Away December 17, 2009 Debtor's Dilemma: Pay the Mortgage or Walk Away (WSJ) By JAMES R. HAGERTY and NICK TIMIRAOS  PHOENIX -- Should I stay or should I go? That is the question more Americans are asking as the housing market continues to drag. In good times, it would have been unthinkable to stop paying the mortgage. But for Derek Figg, a 30-year-old software engineer, it now seems like the best option. Mr. Figg felt trapped in a home he bought two years ago in the Phoenix suburb of Tempe for $340,000. He still owes about $318,000 but figures the home's value has dropped to $230,000 or less. After agonizing over the pros and cons, he decided recently to stop making loan payments, even though he can afford them. Read full article here.   Comments(0) Filed under: News, Sales Share	RECENT POSTS NEIGHBORHOOD PROFILE – The Upper West Side 20 Questions with Tami Wasserman Five Reasons Why You Still Need A Real Estate Agent Citi Habitats Top Producers Celebration 20 Questions with Elizabeth Hamersley GRAMERCY/FLATIRON Neighborhood Profile Mortgage Rates Fall for Third Week FHA Sets Tighter Lending Requirements RELATED Events Manhattan Market Reports New Developments News Press Releases Rentals Sales All Sections ARCHIVES May 2010 April 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 Add CitiBlog feed

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