Your August NYC Real Estate Good News Roundup

Posted on Tue, 08-11-2009
  • Is the Worst Behind Us? from NREI: "Retail was the best performing sector over the past quarter, benefitting from relatively strong income growth and a smaller capital decline than other sectors."
  • Survey: Recession seen ending in third quarter from MSNBC: "The Blue Chip Economic Indicators survey of private economists released on Monday showed about 90 percent of the respondents surveyed believe the economic downturn will be declared to have ended this quarter."
  • [15 Largest U.S. Lenders](http://markets.on.nytimes.com/research/stocks/news/press_release.asp?docKey=600-200908050700PR_NEWS_USPR _____ DA57072-3MM1LOMMP69D6H6PENCN2AVEV0&provider=PR%20Newswire&docDate=August%205%2C%202009&press_symbol=68598&scp=1&sq=15%20largest%20lender&st=Search) from NYT: "Residential originations at U.S. mortgage lenders jumped by nearly one-quarter in MortgageDaily.com's Second Quarter 2009 Production Ranking."
  • Homebuilders Eliminate Frills as First-Time Buyers Drive Sales from Bloomberg: "Housing starts rose to a seven-month high in June and sales of new houses gained in each of the last four months, including the 11 percent increase in June that was the biggest in eight years."
  • U.S. Mortgage Rates Fall to 5.22% from Bloomberg: "Mortgage rates in the U.S. fell for the first time in three weeks, boosting the potential for further stabilization in the housing market."

Legal Stuff

The owner of this website is not a licensed real estate broker or representative of the buildings or apartments contained on the website. This website is strictly for informational purposes. There are no property listings on this website. Nothing contained on this website shall suggest the availability of a property or guarantee the accuracy of accompanying prices.

If you would like more information about a property, we will connect you with a real estate broker who will be able to give you more information about available apartments and schedule a showing.