Summary: With various housing statistics suggesting different things concerning the overall strength of the real estate market, which will ultimately prove to be correct? Or will the fact that the rate of household formation spiked in the 4th-quarter of 2014 when compared to 2013 mitigate this issue and lead to a home buying surge? […]
Follow @Hallmark Abstract Service What happens if the debt forgiveness in a short sale becomes ordinary income? If the difference between the short sale price and the amount that is owed on the mortgage ever became ordinary income for the already strapped homeowner, short sale activity will grind to a halt. This is a scenario that could potentially […]
According to a study conducted by Pro Teck Valuations Services using a combination of metrics including foreclosure sales and available housing inventory, the real estate market on Long Island is the hottest in the nation! While this news may bode well for home sellers on Long Island, the eager real estate buyers in some other […]
Anyone living in or near New York City is likely aware of the sharp rise in the selling price for residential real estate over the past 10-years! Having our business centered here we have watched with nothing short of amazement as any negative impact on property prices stemming from the financial crisis that began around […]
