Housing markets in NYC outer-boroughs outperform Manhattan

The outer-boroughs of New York City recorded the best housing market performance during the fourth quarter of 2011, The Wall Street Journal reports. According to the newspaper, despite a decline in home sales all across the Big Apple during the quarter, the median price of homes in the Bronx and Brooklyn edged higher as prices … Read more

Lower home prices recorded in Las Vegas

Recent reports indicate that the prices of homes for sale in Las Vegas become more affordable during the final two months of 2011. According to CoreLogic, home prices in Las Vegas were down 10.8 percent in November on a year-over-year basis as Nevada led the nation in home value depreciation at 11.2 percent. "Distressed sales … Read more

Las Vegas sets record number of home sales in 2011

The greatest number of existing homes for sale in Las Vegas were sold in 2011 than in any other year, the Greater Las Vegas Association of Realtors reports. According to the report, 48,186 properties were sold throughout the city in 2011. This includes 38,153 single-family homes and 10,033 townhouses and condominiums. The previous sales record … Read more

Rent, occupancy rates increase in Big Apple

According to RentJuice Corporation, rental prices in New York City increased during the fourth quarter of 2011, which could prompt a spike in home sales. The report indicated that monthly rent rose from $3,267 in the third quarter to $3,299 in the fourth quarter – a 1 percent change. However, even though the increase was … Read more

D.C. housing inventory reaches six year low

The December inventory of homes for sale in Washington, D.C., was at the lowest level since 2005, Metropolitan Regional Information Systems reports. According to MRIS, the capital's inventory fell to just 10,684 available listings in December, the lowest since August 2005. In addition, new listings added during the month decreased by 17.6 percent to 2,712 … Read more

D.C. one of the best performing housing markets

Washington, D.C., continued to have one of the best-performing housing markets in the nation, according to a recent report from Clear Capital. The report indicated that national home prices fell by 2.1 percent throughout the course of 2011. However, the median price of homes for sale in Washington, D.C., climbed by 3.5 percent in December … Read more

A Challenge For Those Who Still Cling To Their 401Ks

As is my policy, the one Dad and the rest of my ‘Bully Mentors’ drilled into me, I don’t allow myself a bold statement if I can’t back it up with a specific, empirical, richly detailed explanation. In fact, I say that to callers all the time. “Don’t let me get away with that garbage! … Read more