Stephanie L Davis's (theadvocategroup) Blog

Q2 - I am a first time buyer looking to buy a coop apartment and have good credit and a decent salary.  I only have 10% to put down but many places require 20% down.  Is there any way around that? A - No, there isn't. Coops are a different animal than single-family homes, and they create their ow...

  Q5 - Is there a cap on the flip tax a coop board can require on the sale of a coop? A - A coop can impose any fees it wants and the so-called flip tax has become common in New York City coops as a way to shore up the building's reserve funds. The fees are structured as a percentage of the sale ...

Daily Real Estate News  |  August 17, 2009   Buyers Rush to Beat Tax Credit Deadline Real estate professionals report that first-time home buyers are flooding the sale market, pressed to finalize a deal before the federal government's $8,000 tax credit offer expires on Nov. 30. Because mortgage a...

Daily Real Estate News  |  August 19, 2009   Men, Women Vary on Home Shopping When it comes to buying a home, women are in a bigger hurry, according to a national survey for Coldwell Banker Real Estate that delved into the homebuying psyche. Coldwell Banker wanted to understand the difference bet...

Daily Real Estate News  |  August 19, 2009  |  Mortgage Applications Rise on Falling Rates Mortgage applications bounced back last week with the Mortgage Bankers Association market index rising 5.6 percent on a seasonally adjusted basis compared to the previous week. On an unadjusted basis, the i...

Daily Real Estate News  |  August 11, 2009  |   First-time Buyers Get State Incentive First-time home buyers in New York have an added incentive for entering the ownership market, thanks to a new tax credit equal to 20 percent of their annual mortgage interest. The New York State Mortgage Credit ...

New York City's Largest Free Database of No Fee Apartment Rentals Adds a Classifieds Section Due to popular demand no-fee apartment rental resource UrbanSherpaNY.com set to add classified section in New York City New York, NY (PRWEB) August 11, 2009 -- For years, apartment hunters have been fed u...

Boomers to This Year's Grads: We Are Really, Really Sorry By DOUGLAS BELKIN In 1969, baby boomers took podiums at college graduations around the country and pledged to redefine the world in their image. Forty years later, they have, and now they are apologizing for it. Their collective advice for...

  Economists' Commentary: Market Outlook for August August 11, 2009 By Lawrence Yun, Chief Economist Ah, the dog days of summer.  Many are taking advantage of their last chance this season to sit on the beach, hike in the mountains or laze by the pool before the kids go back to school and everybo...