Found 2 blog entries tagged as real estate news.

Let's reflect on the up's and down's of the real estate market in the past ten years. These five points have made a massive impact today in the Staten Island real estate market:

Market Collapse & The Great Recession

In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble "the most significant risk to our economy," becoming a massive part of the Great Recession. Washington Mutual declared bankruptcy and the domino effect was larger than ever as housing prices dropped drastically. As a result - home values depreciated and homeowners lost their savings and investment, forcing millions of foreclosures.

Federal Takeover of Fannie and Freddie

Fannie Mae and Freddie Mac were taken control over by the federal government…

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The holiday season is at our door and some times it is hard to close a deal on a home. Timing the market is never easy, because it is a constant change. Comparing the market statistics from last year to now on the Island, the market is increasing.

Real Estate Sales

From 147 homes sold in 2012 to the 163 homes in 2013, there is an increase of almost 11%.

This past November we had 279 sales at an average sale price of a little over $424,000. November's monthly volume was over $118,371,000. 

This chart shows our increase from last year's number of 191 sales. There has been a 1.46% positive change.

Dollar Volume

November 2011-2012 November 2012-13
$63,999,850 $72,111,572 
Difference  % Change
$8,111,722 12.67%
…

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