tag:blogger.com,1999:blog-18935156.post573980096100921369..comments2009-08-21T05:07:26.850-04:00Michael Dalyhttp://www.blogger.com/profile/16182466820058866252noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-18935156.post-38649302258517911502007-04-18T15:46:00.000-04:002007-04-18T15:46:00.000-04:00Balderdash, I think not! Just look around and see the "for sale" signs lingering on lawns and the prices dropping all over Nassau and Suffolk. The average homeowner who purchased within the last 2 years has seen their home depreciate instead of appreciate. I do, however, agree that real estate is a sound investment but unfortunately many people who bought in the last couple of years were not thinking soundly. They grossly overpaid and overfinanced themselves. These unsound decisions are coming home to roost in the form of foreclosures and short sales.Bethanyhttp://www.blogger.com/profile/03701211791847689519noreply@blogger.comtag:blogger.com,1999:blog-18935156.post-84739448808993565592006-11-11T13:26:00.000-05:002006-11-11T13:26:00.000-05:00Home prices fall in Suffolk<br />BY KEIKO MORRIS<br />Newsday Staff Writer<br /><br />November 10, 2006, 10:26 PM EST<br /><br /><br />For the first time in eight years, the median price of a home in Suffolk County dipped compared with the same month last year, yet another sign, experts say, of the housing market's gradual readjustment from the highs of just a few years ago.<br /><br />The median price of a home in Suffolk County dropped 2.5 percent to $390,000 last month from $400,000 in October 2005, according to data released late Thursday by the Long Island Multiple Listing Service.<br /><br />Along with decreasing prices, the housing inventory has increased, the data showed. At the current pace of sales, it would take 12.4 months to sell the existing housing supply in Suffolk County last month. In Nassau, that figure was 10.6 months, and in Queens, it was 11.5 months.<br /><br />Bethany Marten, the owner of Home Buyers' Resource Center, a buyers agency in Baldwin, believes the housing market will experience a slow depreciation of 2 percent or 3 percent each year for the next five to six years. She views the readjustment as a needed correction.<br /><br />"It's no longer 'My house is an endless source of cash for me, and every year I can expect my home to go up 10 to 20 percent.'We had a great party, and the party's over." <br /><br />* * * *<br /><br />Oh, this is all balderdash! This can't be happening! After all, there is no bubble! Real estate only goes up! They're not making any more land! Real estate is a sound investment!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18935156.post-81902184709105418662006-11-09T17:14:00.000-05:002006-11-09T17:14:00.000-05:00Congratulations Michael & Barbara. May it always be spring for you.jfsellsiusblog.sellsiusrealestate.comnoreply@blogger.comtag:blogger.com,1999:blog-18935156.post-57229665922578132562006-11-09T11:51:00.000-05:002006-11-09T11:51:00.000-05:00congrats! we wish you much success.<br /><br />rudy.sellsius°rudolph d. bachraty IIIhttp://blog.sellsiusrealestate.comnoreply@blogger.com