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For More July Real Estate Articles Click A Page Below |
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NYC Foreclosures IncreaseData released by two research firms shows that New York City’s foreclosure rates have risen more slowly than those in the rest of the nation. The number of foreclosure auctions in New York City increased 19 percent from the second quarter of 2006 through the second quarter of this year, according to data tracked by the research firm PropertyShark.com. Data released by RealtyTrac, a research company in Irvine, Calif., shows that filings in all stages of the foreclosure process were 42 percent higher last month than in June 2006 and that national rates rose 87 percent. NY Times |
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NYC Parking Spot Pricier Than Median Home I couldn't resist. For anyone that wonders how the hell Manhattan real estate continues to just churn out dollar signs, just take a look at the latest market price for 1 parking spot; yes, just one! Nothing surprises me anymore in this incredible city. Out of 5 parking spots that are being put up for sale in the basement of 246 West 17th street, a new condo development set to be completed next January, would be buyers are jumping onto waiting lists in the HOPES of paying only $225,000 to secure a spot! Urban Digs.Com |
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BEER-BELLY TOWER ON DIETTHE architect of the planned new JPMorgan Chase tower near Ground Zero left the door open yesterday to slightly reducing the size of its giant, elevated trading floors cantilevered over a new St. Nicholas Church. They also gesture ambiguously toward Ground Zero: Does the protrusion compatibly relate to the site's quartet of architecturally arresting towers, or does it fight them? NY Post |
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Can’t Sell Your Home? Maybe It’s Priced Too LowGiven that the real estate market is supposed to be in free fall, some strange things have been happening recently in Mill Valley. It is one of the expensive suburbs of San Francisco just over the Golden Gate Bridge, and much of the housing market there seems to be doing just fine. One three-bedroom house sold for $1.4 million last month without ever being officially put on the market. The seller accepted a pre-emptive bid — $20,000 above the asking price — from somebody who had heard that the house was about to be listed for sale. NY Times |
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