Richard Brody's (rbrody) Blog

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Real Estate Agent - Port Washington Properties
RECENT BLOG POSTS
The 3rd Quarter Gross Domestic Product (GDP) figures came out, and the GDP grew by a better than anticipated 3.5%, the best GDP news and first growth in a year. Senate Democratic Majority Leader Harry Reid's office has announced preliminary agreement on BOTH extension of, and enhancement to, the ...
10/29/2009
As always, politicans are endlessly debating and posturing regarding the extention of the First Time Home Buyer's Credit, presently scheduled to expire on November 30th. It is interesting that there is still no extention, considering that most experts credit this Credit with reinvigorating a badl...
10/28/2009
According to data released today, housing sales have now risen in the US for three months in a row. Home prices in most areas have also stopped their decline, and in most areas are nudging upward. Many factors are probably responsible for this including: the 1st time buyers credit; low mortgage i...
10/27/2009
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According to data released today, housing sales have now risen in the US for three months in a row. Home prices in most areas have also stopped their decline, and in most areas are nudging upward. Many factors are probably responsible for this including: the 1st time buyers credit; low mortgage i...
10/27/2009
Benchmark mortgage rates were just announced as being reduced to approximately 4.84%. This is the LOWEST rate since May, and over one percent lower than it was a year ago. This has created a double digit percentage increase in mortgage applications, as well. If a potential buyer has good credit, ...
10/08/2009
The real estate market appears to have either bottomed out, or neared the bottom in terms of pricing, length of time sales take, and units sold. While we still appear to be far from it becoming another Seller's Market, the days of the buyer having such a big advantage seem to probably be near the...
10/01/2009
Are we near the end of this chapter of the "extreme buyers market?" Over the last few months, the number of people looking at houses listed on the market has gradually, but consistently increased. Many are only shoppers, trying to find out how much the market price of homes have decreased. But ma...
09/25/2009
How often I hear realtors try to explain away the commission by running away from the subject! There is NO reason to hide from the fact that realtors charge commissions. How do clients and customers think we get paid? A real estate professional must be able to both confidently and competently exp...
09/22/2009
For the last two years, all we have heard was how bad things are! Obviously, if buyers hear that all the time, they will react accordingly. So if we now believe what we are hearing, that the economy is improving, and that recession should soon be over, then how will that be communicated to buyers...
09/17/2009
Fed Chairman Bernake recently says he believed that the recession is nearly over. Mortgage interest rates have seemed to level, and most believe that rates are as low as they are going to go. More buyers are looking at houses again, but they are VERY slow to act. There is still NO sense of urgenc...
09/16/2009
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