| New York City, the plushest state in the US, has | | | | it actually calls for luck since it only has two to |
| once again made the headlines; and this one's no | | | | ways to go: up or down. Just like the stocks, real |
| different than the previous ones. | | | | estate can be unpredictable. The prices and |
| Homes were 28% more expensive than the | | | | market values five years ago may not be the |
| earlier reports and the results? Sales plummeted | | | | same as what is today. |
| to about 22%. Unbelievably, the typical price of | | | | Nevertheless, however stumping the economy of |
| houses in Manhattan sky rockets to $1.6 million | | | | the country is, real estate will never fall |
| and obviously, the average Joe can't afford it. | | | | rock-bottom. Why? Well, there's what we call |
| More so with co-ops and condominiums as they | | | | government intervention. The government does |
| rose to about 96% with the average cost being | | | | its best to revive the economy, proposing |
| $2.1 million. | | | | different kinds of Bills and switching targets, for |
| New Yorkers both have mixed emotions about it. | | | | things to get better. |
| They wouldn't know if they should feel happy | | | | Alison Rogers, a real estate broker, implied in her |
| that the market value of their houses are | | | | published letter that, of all the types of people she |
| increasing per annum, or quite worried as to how | | | | hates, the fence-sitters are included in her top 10. |
| will it be in the future. | | | | Fence-sitters are those who wait for the market |
| For the 28th month in a row, filings for | | | | value of something to plummet 50% (or below) |
| foreclosure increased and mortgage issues are | | | | than its original. Sadly, these people do not know |
| well expected to carry on into the next year. But | | | | what that entails and I am pretty sure they won't |
| experts from MSN say that if it plummets this | | | | get their houses anyway since this will never |
| fast, then recovery will be faster than expected. | | | | happen. |
| More than half a million homes were either in the | | | | Ironically, the state that focuses on gambling as |
| process of foreclosure or were foreclosed. Now, | | | | its main tourist attraction is the state that |
| talk about a million families who spent the first | | | | currently has the largest number of foreclosed |
| quarter homeless. | | | | properties in the past month all over the United |
| MSN placed in their website a Home Affordability | | | | States. RealtyTrac said that in every 139 houses, |
| Calculator wherein you could input your personal | | | | 1 house is either listed as foreclosed or is in the |
| finances on the blank spaces and MSN could | | | | process of being foreclosed. Looking under the |
| calculate the house that your budget can permit. | | | | lenses of macro statistics, it shows that the |
| Might as well check it out as it might help you. | | | | foreclosure rate of houses in the United States |
| Naturally, when you buy something in the market | | | | was up by 5% from February to March. But |
| (no, I'm not referring to the grocery store near | | | | apart from Nevada, states like Georgia, Ohio, |
| you, but the bigger market), it's called an | | | | Massachusetts, Michigan and Maryland seem to |
| investment. When you're investing on something, | | | | follow the same trend. |