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LONG ISLAND NEW YORK HOUSING MARKET REPORT JULY 2008

By
Real Estate Broker/Owner with REMAX IMPERIAL

Hello everyone!!!!! hopefully you are doing great and closing a lot of deals!!!

I want  opinions about how is everyone doing in today's market!!!!

but when i Say everyone, I'm not taking about Remax Imperial located in New Hyde Park Real estate, I'm taking about my county or my region.

I was looking at the MlS REPORT OF MY REGION AND GUESS WHAT.THERE WAS 13,000 TRANSACTIONS, or closing in the month of July 2008. there were 13,005 closing , in queens, Suffolk and Nassau County
QUEENS =3,573 CLOSINGS

SUFFOLK= 4,873 CLOSINGS

NASSAU= 4,559 CLOSING

TOTAL 13005 CLOSING IN JULY OF 2008.

THAT IS VERY GOOD!!!!!!:)
WE SHOULD BE VERY HAPPY, EVEN though you hear on news that fannie and freddy is in huge trouble, or that lehman is closing a division , or that job reports are in lowest times ever. WE HAVE IN NASSAU, QUEENS, AND SUFFOLK 13000 transactions!!!!!!!!!!!!

and on my opinion is excellent news because everybody know that we have less real estate professional now than a year ago. that means opportunities to generate better services for our clients.

and if we compare to last year in july of 2007, real estate tansaction in long island, queens and suffolk it was 17000.!!!!!!!!!!! but we still had ALT A BANKS, we still had Subprime banks, Fannie & freddie stock were 70 dollars, lehman brother stock was excellent, we still had a secondary market to sell mortgage besides the GSE or fha , va . BEAR STERNS WAS AROUND. jobs claims were good and more thing !!!! OIL it wasn't that high last year

and with everything that has happened in our economy We still closing real estate transactions every single month!!!!!!!

13000!!!!!!! and If you have any questions, please don't hesitate to contact us at

 

Comments (7)

michael robert
robert's investment - Brooklyn, NY

great numbers!!!!!

let me ask you Remax Imperial.

Do you have the Report on brooklyn , NY , KINGS COUNTY.

PLEASE EMAIL ME THE INFORMATION if you have to investorofny@gmail.com or send via reply in your blogs.

Thanks

Sincerly

Best investor of brooklyn

Sep 03, 2008 02:33 PM
REMAX IMPERIAL
REMAX IMPERIAL - New Hyde Park, NY

EXCELLENT REPORTS

THAT MEANS THAT THERE IS PLENTY OF BUSINESS FOR US TO MAKE MONEY IN THIS MARKET!!!!!

:)

Michael Smith

Sep 03, 2008 11:47 PM
REMAX IMPERIAL
REMAX IMPERIAL - New Hyde Park, NY

Great!

It is good to know that eventhough marker is kind of slow, real estate transactions are moving.

Keep going with the real estate!!!!

Danny

Sep 04, 2008 12:48 AM
REMAX IMPERIAL
REMAX IMPERIAL - New Hyde Park, NY

I live down here in Freeport, and i have been trying to sell my house by myself, and I can't get it sold... Now that I see this report I goona move ahead and call you to and ask you to sell my house.

or if you want you can contact me at: 516-6905068

thanks

Sep 04, 2008 12:53 AM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

That is still a 24% drop in the units sold since last year same time period.

Sep 04, 2008 01:31 AM
REMAX IMPERIAL
REMAX IMPERIAL - New Hyde Park, NY

YES , THE DROP IS 24% SINCE LAST YEAR.

but if we take in consideration that subprime was around, alt a was around(stated /stated), secondary market was around(you can sell your loan portfolio to provide investor at wall street besides fannie and freddy.)

100% stated was available!!!!! last year!!!

fannie and freddie wasn't in trouble!!!!!!!!

24% drop is A TERRIFIC NUMBER TAKING IN CONSIDERATION EVERYTHING MENTION

THERE WERE THOUSAND OF MORE BANKS

Sep 04, 2008 04:28 AM
Anonymous
pedro fernandez

great news.

and hopefully with fannie and freddie info the interest rates will go down

Sep 05, 2008 07:25 PM
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