Wednesday, April 30, 2008
At the peak of real estate market in the year 2004, home values rose on average $1,000 a week. So far this year the market is in a plunge and prices are dropping $1250 a week. A realtor blames the credit for the steady drop in price and banks now demand 20 to 30 percent down. He added "Unfortunately as much as the young people can afford the payments, which is a struggle, but more and more people can, it's hard for them to come up with the down payment"
Thursday, April 24, 2008
Based on a repot from a Web portal that was released on April 17th; The median price for all of New York City that includes much weaker middle-class neighborhoods in the Brooklyn, Bronx, Staten Island and Queens rose up to 4 percent in the first quarter, to $535,000. Brighter spots in real estate can also be seen in Charlotte, N.C. and Austin, Texas.