(Originally published 07/24/12.) Thousands of people are refinancing to take advantage of today’s record-low rates. Yet many borrowers are experiencing last-minute issues that can cause …
Home Ownership Affordability at Highest Level Since 1970
(Originally Published 06/26/12.) Housing affordability conditions have reached the highest levels since recordkeeping began in 1970, according to the National Association of Realtors®. …
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Americans Should Be Buying Homes, According to Warren Buffett
(Originally Published 04/03/12.) “Be greedy when others are fearful. Be fearful when others are greedy.” - Warren Buffett Warren Buffett is notably one of the richest men in …
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Higher NYC Rents Equal Tremendous Buying Opportunities.
(Originally published 03/13/12.) Last summer, I wrote an article reporting that residential rents in NYC were predicted to rise through 2012. (Renters Beware. Double-Digit Rent Hikes …
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“Big Banks” Denying Over One-Third of All New York Loans!
According to The Wall Street Journal (Tighter Lending Crimps Housing, June 25, 2011), in 2010, the nation’s 10 largest lenders denied 26.8% of their loan applications. In New York State, the …
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Maximum Loan Limits Being Reduced?? (Part II)
A few months ago, I informed you that the Fannie Mae, Freddie Mac, and FHA extended loan limits are due to expire on October 1, 2011. (Click here to read my original article, Maximum Loan …
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