Andy's Blog

Housing at Its Most Affordable in Years One piece of good news coming out of the Great Recession is the increasing affordability of housing.The typical U.S. family earning the nation's median income of $64,000 a year could afford to buy 70.1 percent of all homes sold in the United States during t...

Delinquent Mortgages Reach Record Levels Almost 10 percent of all mortgages on one- to four-unit properties are in some stage of foreclosure, up from 2.65 percent a year ago on a seasonally adjusted basis, according to the Mortgage Bankers Association's National Delinquency Survey released Thursd...

Homes For Sale In Wantagh, New York - MLS#2235099 - $345,000.   Move Right Into This Lovely Home Nestled In The Desirable "D" Section. This 3 Bedroom And 1.5 Bath Ranch Offers A Living Room, Formal Dining Room, Eat-In-Kitchen, Den. Spacious Grounds, Fridge & Washer Are Approximately 2 Years Old, ...

Homes For Sale In Levittown, New York                         This Fully Updated Cape Offers Eat-In-Kitchen, Living Room, 3-4 Bedrooms, 1 Full Updated Bath, New Windows, Siding, Roof, New Front And Side Doors, New Carpeting, Above Ground Oil Tank.                               Home Characteristic...

Market Should Be 'Near Normal' in the Spring Housing industry consultant John Burns says low mortgage rates and the home buyer tax credit, plus the availability of FHA loans - "the new subprime," as he calls it - will combine to keep housing transaction levels at "near normal" through Spring 2010...

Low Mortgage Rates Could Be Ending Home loan rates below 5 percent are about to disappear, predicted Denis Salamone, COO of Hudson City Bancorp, the nation's largest thrift. "I don't think the market will stay this low for many more months," Salamone said Tuesday. Salamone said that despite the F...

Housing Starts Fall to 6-Month Low October housing starts fell 10.6 percent to a seasonally adjusted 529,000 annual rates compared to September, the Commerce Department said Wednesday. The decline brought construction back to the lowest point in six months. Analysts attributed the decrease to wha...

Mortgage Applications Drop Again Mortgage applications declined 2.5 percent last week on a seasonally adjusted basis compared to the previous week. On an unadjusted basis, they were down 3.3 percent, according to the weekly survey by the Mortgage Bankers Association. Most of the decline was in pu...

Mortgage Delinquencies Are Still Rising Mortgage delinquencies rose for the 11th straight month, reaching 6.25 percent in the third quarter from 3.96 percent a year earlier and 5.81 percent in the second quarter, according to the credit management company TransUnion. "Until the housing market can...

Homes For Sale In Bellmore, New York - Real Estate Market Statistics - 11/16/09   The above Homes For Sale in Bellmore - Real Estate Market Statistics chart shows a 8 month supply of inventory with 22 properties being sold in the month of October. There are currently 66 properties Under Contract ...