Real Estate Red Alert: The Flippers Are Back

By Beth Braverman RealtyTrac.The improving housing market has upped the potential for quick profits: Home flippers made an average gross profit of $18,400 on single-family home flips, representing a 9 percent return on the initial purchase prices, the report found. That’s up 246 percent from the average gross return in the first half of 2012. The ...

The Rise of the Young Buyer

By LAUREN SCHUKER BLUM In recent years, low interest rates coupled with lower real-estate prices had also made it easier for people in their 20s and early 30s—whom demographers refer to as “Generation Y” or “millennials”—to buy. A growing group of wealthy young buyers is making inroads in the world of high-end real estate, ...

Owning a Home Isn’t Always a Virtue

By ROBERT J. SHILLER In the aftermath of the subprime mortage crisis,our national commitment to homeownership is sure to be questioned as we consider what to do about Fannie Mae and Freddie Mac, the enterprises that are meant to increase the supply of money available for mortgages and are now under government conservatorship; the Federal Housing Administration ...

Is It Better to Buy or Rent?

By Kevin Quealy and Archie Tse Whether renting is better than buying depends on many factors, particularly how fast prices and rents rise and how long you stay in your home. Compare the costs of buying and renting a home using the calculator. The calculator keeps a running tally of the most common expenses of owning and renting. It also takes into ...

6 hurdles that can stand between you and your mortgage–and what to do about them

By Mayra David If you’re looking to buy a NYC apartment, there’s a decent chance you are also in the market for a mortgage. We asked some experts to spot some of the most common hurdles tripping up NYC buyers these days and give us their suggestions for overcoming them. 1. Being self-employed or having an irregular income 2. An insufficient ...

Study Points to Bias Toward a City’s North Side

By Sanette Tanaka North, south, east or west, researchers find north seems best. Most people, knowing nothing else about a city, would rather live in the northern half of town than in the southern, says Brian Meier, associate professor of psychology at Gettysburg College in Gettysburg, Pa. People tend to see the north as more desirable and affluent, ...

Pre-Closing Credit Checks

By Lisa Prevost Buyers waiting to close on a mortgage should avoid doing anything that might change their credit picture until after the documents are signed and the money is delivered. Buyers waiting to close on a mortgage should avoid doing anything that might change their credit picture until after the documents are signed and the money is delivered. Full ...

Foreign Investors Eyeing U.S. Real Estate, What it Means for Buyers

By Donna Fuscaldo The competition in the housing market is heating up as buyers face off with  deep-pocketed investors located both in and outside the U.S. Foreign investors are playing a big role in the U.S. real estate market and  it’s putting upward pressure on home prices. According to new research from real  estate website Trulia,  from April ...

Just moved in? Here’s how to succeed as a first-time owner

By Roland Li To live reasonably happily ever after in your new apartment, you need to start off on the right foot with your neighbors, your board, the staff and the management company. 1. Get to know your board If you don’t already know the names and faces of your board members, find out. Your goal is to establish a cordial relationship in the ...

Adding Evacuation Zones in Response to Hurricane

By David M. Halbfinger and Anemona Hartocollis The Bloomberg administration announced on Friday that it would double to six the number of evacuation zones along New York City’s coast and expand them to include an additional 640,000 residents, saying that the new map would provide more flexibility when major storms hit. The report repeatedly praises ...