Continue Reading June 18th, 2009
Home prices in the New York metro area, including Westchester County and northern New Jersey suburbs, could fall 40% from March levels, according to Deutsche Bank analysts. Quoting the report, Time.com said that the main reason why prices are likely to fall so drastically is that the area’s home prices are still so high.
Unlike other pricey cities, such as Los Angeles, New York home prices only began falling recently and might have a long way to go.
If this report is true, it might be time to sell your Manhattan co-op and find a nice pad in California where the housing market is probably much closer to a bottom.
Read more »
Continue Reading June 18th, 2009
You’d think that given the housing bust, all those real estate related TV shows (Flip This House, Flipping Out, etc.) would have gone the way of The Sopranos. But cable channel TLC just announced it is filling its Tuesday night schedule with three shows.
The programming begins June 30 with Stager Invasion, hosted by professional home stager Lisa Lunch. The premise is that she shows up at house that won’t sell and with her crack team of design professionals helps transform the house in eight hours, just in time for an open house. The show will be just a half-hour.
TLC is also bringing back two of its existing series, Moving Up, which features people moving into new homes and renovating them. There’s also Real Estate Pros, which is a behind the scenes look at a real estate brokerage firm in Charleston, S.C.
The cable network is betting on the fact that people still want to watch real estate shows, just not ones about making a quick buck.
Read more »