New Manhattan housing data provides window into bleak fourth quarter by NY Real Deal - snips:
…Manhattan data compiled by the appraisal firm and released yesterday showed that the volume of signed contracts in September and October plummeted roughly 75 percent from the same period last year. “It’s pretty unbelievable,” said Jeffrey Jackson, a principal at […]

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From Fortune:
With declines of 30% or more California markets like Sacramento and San Bernadino, home prices and rents in those areas are approaching equilibrium, according to Deutsche Bank analyst Lou Taylor, who compiles a valuable quarterly survey housing costs in 55 urban markets.
As home prices continue to fall, Taylor predicts that dozens of grim markets […]

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From the Sacramento Bee:
October brought another dubious honor to the Sacramento County real estate market, as median home prices for new and existing homes combined dipped below $200,000 for the first time since April 2002. The symbolic drop — to $195,000 — came exactly one year after the county’s median sales price for the same […]

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by G. Sax
“Historically, it takes at least seven to ten years to plan and implement a major transit investment.”
That’s from the 2030 Transit Master Study, 32 pages of maps, charts, and recommendations for the Twin Cities transportation system for the next 20 years.
Light reading for a Tuesday night and just the tip of what you […]

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Am I the only one who is tired of looking at this? Located on the corner of Jefferson Avenue and West 7th Street.  I checked with my nieghbors to see if anyone even remembers how long it has looked this way and no one knows for sure.  We think it has been at least three […]

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I get the same question from the sellers I work with every November and that question is: ‘Should be take our home off the market until after the holidays?’
This year my answer is: ‘It depends’
It is true that activity slows during the holidays. There are usually not as many homes on the market and there are […]

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NY MTA Preparing For “Doomsday” Budget Scenario WCBSTV NY - snip:
Report: MTA To Slash Jobs, Multiple Subway Lines Budget Deficit Means 1,500 Jobs On The Line; At Least 2 Train Routes Could Be Completely Removed Fare Hikes For Passengers Could Be ‘Whopping’ Sources tell CBS 2 the association board is preparing a worst case “Doomsday” […]

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From Bloomberg:
Home prices fell in four out of every five U.S. cities in the third quarter, a record spurred by distressed foreclosure sales across the country. The median price of a U.S. home declined 9 percent from a year earlier….
The steepest price declines were all in California. The area surrounding San Bernardino had a 39 […]

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The data used to make the chart is gathered from the MLS.  The data in the MLS is deemed reliable but not guaranteed. This data is for October 2008 for single family homes which includes condos, in the city of St. Paul, MN.  Homes that are pending have had offers made on them, and those […]

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by Erik Hare
August has his opinions, especially first thing in the morning.  Any other dog has to go out for a morning walk, but he needs his daily bark.  He wants nothing more than to go outside and tell the world that he’s here, awake for the day.
The rest of the day, his sharp […]

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