January 5, 2012 rummy

Happy New Year! After a great 4th quarter in 2011 we are excited for the new year in real estate. The Yonkers NY 10710 Area Market had a very stable year after a volatile 2009 and 2010.  Pricing is generally flat and volumes are Higher but reasonable Real estate cycles are long and I feel like we are in the middle innings. 
- Yonkers NY Current inventory in Yonkers NY 10710 area is off to a good start only 74 single family homes for sale with a 148 average day of the market and currently the average price is $515k….

November 9, 2011 rummy

Start your Commercial Search now at and ask about our buyer incentive program. www.FreeNyHomesearch.com Or call me for a free buyer counseling ! By Rummy Dhanoa ( Expert Advisor) Industrial Property Asking Price Index – Sale Trends Sep 11 vs. 3 mo. prior Y-O-Y – State $91.24 +0.4% +3.3% – Metro $114.31 -0.4% -2.7% – County $127.38 -1.5% -9.0% For industrial properties in the metro area for the month, the average asking price was $114.31 per square foot. This shows a drop of 2.7% year-over-year, and a decline of 0.7% from the end of the second quarter of 2011. This…

September 2, 2011 rummy

  Jobs Fall Short Major economic data and uncertainty about future Fed policy produced another volatile week for mortgage rates. Labor market weakness helped mortgage rates end the week lower. The most significant economic data this week was Friday’s monthly Employment report. Against a consensus forecast for a gain of 75K, the number of jobs remained unchanged in August, and the data for June and July was revised lower by 58K. The Unemployment Rate remained at 9.1%. Average Hourly Earnings, a proxy for wage growth, unexpectedly declined from July. In short, it was a weak report in nearly every area,…

June 17, 2011 rummy

The U.S. housing market continues its gradual and uneven progress, despite the expiration of the home buyer tax credit. The remarkable rebound in housing activities from the initial drop following the end of the home buyer tax credit this past July adds to the belief that the risk of a double-dip downturn in housing may be disappearing. As the housing market continues to work through the excess supply overhang, a result from the glut of foreclosed properties which is keeping home prices below their long-term trend growth, economists anticipate mortgage rates at or above 6% by the end of 2012…