Manhattan Prices Slumping
Apparently Jim Rogers was correct in selling his Manhattan townehome. Prices in the middle-range (thats under $10 million for Manhattan) are softening.
check out this video:
What ever happened to Manhattan being immune to price corrections?
If you found this post helpful, consider donating to my coffee fund!- What Are NINJA Loans? I was listening to the radio yesterday and I was listening to an investment show. The announcer was talking about mortgages and I heard him mention a NINJA loan. It stands for "No Income No Job or Asset" verification! If that isn't a liar loan I don't know what is.......
- 30 Year Mortgages At 4.85%! Mortgage rates have hit record lows. You can get a 30 year fixed-rate mortgage for 4.85%. The 15 year is at 4.58%. I don't think mortgages have ever been this cheap. According to Frank Nothaft, Freddie Mac chief economist, "The Federal Reserve's announcement that it intends to purchase Treasury securities......
- Housing Update From WSJ Todays WSJ had a decent article on housing, 'Housing Glut Gives Buyers Upper Hand'. Seems like certain parts of the country are in for a bumpy ride. Here are some excerpts.*A quarterly survey of housing conditions in 28 major metropolitan areas by The Wall Street Journal showed that the inventory......
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