Open Houses For October 26th, 2008

Sunday Open Houses From Brian James For October 26, 2008:
12- 2pm
270 West 17th Street #12B:
Asking $1,690,000.00

“Magazine Ready”
Beautiful two bedroom two bathroom condo. Move in ready, this well appointed space boasts beautiful uptown views, closets galore and is in wonderful condition. The floors throughout are slate , gracious sized bedrooms, nice sized balcony, separate kitchen and [...]

Back In The Game, Fannie & Freddie Take The Field

Finally they are off the Bench and back in the game, but are Fannie and Freddie ready to play?  While they have received orders from the FHA to begin buying sub-prime and risky loans again, the weak knees and injured egos make this “lending team” and underdog. In the article below, Berkowitz comments and illustrates [...]

Open Houses Sunday 10-19-2008

Sunday Open Houses From Brian James For November 19, 2008:
Under a Million Club: “Lofty Living”
159 Madison Avenue #7B 1pm-230pm, Sunday
Asking $489,000.00 or Rent $2700.00/month

At approximately 600 sq feet, this loft-like and spacious apartment
is currently set up with two rooms that can be used as “window-less”
bedrooms/sleeping areas, or one sleeping are and home office, large
bath, and [...]

Mortgages… What’s Happening?

Mortgage Consultant Jordan Roth talks about today’s market:
The financial world has seen a wild 2 weeks and it does not appear this will stop anytime soon. People are concerned about their current and future cash flow as well as looking to minimize it in anyway. This means keeping monthly home payments to the [...]

Are There Sex Offenders In Your Credit Report

Recently I had a great couple put in an application for a white glove building on Manhattan’s Upper West Side. In order to secure the apartment they were required to fill out an application, have a credit check performed and write a check for the first month’s rent and security deposit. All this was [...]

Open Houses Sunday 10-12-2008

Sunday Open Houses From Brian James For October 12, 2008:
Under a Milion Club: “Lofty Living”
159 Madison Avenue #7B 1pm-230pm, Sunday
Asking $489,000.00 or Rent $2700.00/month

At approximately 600 sq feet, this loft-like and spacious apartment is currently set up with two rooms that can be used as “window-less” bedrooms/sleeping areas, or one sleeping are and home office, [...]

“Fannie Mae’s Risky Business” A Telling Tale That Wasnt Heard

Want a blast from the past?
It’s not just this Risky Business movie poster, rather an article  by STEVEN A. HOLMES FANNIE MAE EASES CREDIT TO AID MORTGAGE LENDING from September 1999 which is “rather interesting” as a friend put it, when he emailed me the article.  I would like to highlight some sections in [...]

Shuffling It Down! Are Both Candidates Ready To Answer Your Questions?

Reaganomics? Old school thoughts? Whatever it is John McCain’s $300 billion plan seems to be making a lot of people nervous, while it may help some the possibility is it will do more harm than good.
McCain Reshuffles Rescue Deal
Proposal Could Help Homeowners but Also Reward Predatory Mortgage Lenders
WASHINGTON — Sen. John McCain’s $300 billion [...]

Read All About It…3rd Quarter 2008 Manhattan Market Overview

The report is in and ready to review. For full report click here: 3rd Quarter 2008 Manhattan Market

Highlights

The Manhattan residential real estate market continues to outperform the country. All pricing indicators, while below the record levels seen last quarter, were above prior year quarter results, except the number of sales which fell 24.1% [...]

Benefits of the Bailout

Last night at the debate, many questions were posed and round and round they went, rarely answering the question. Phrases like “Ronald Reagan is my Hero!” and “Look” were heard more often than a crisp answer. Since I am pretty sure the candidates didn’t quite answer your questions last night at the debate, perhaps this [...]