Absorption Rates: Window to R/E TrendsIt’s easy to get swamped by real estate statistics, which is why a catch-all like the “absorption rate” is so popular. In one, broad number — measured in months — it tells you how long it would take to absorb the current inventory on the market. Four months or less...Read More
Deep DiscountWhere: Grant Park CondominiumsWhat: #2710 (penthouse)Key Stats: 2,017 sq. ft.; 3BR/3BAHow much: $749,900Originally Listed: 7/26/2005Original List Price: $1.195M Even in a slow market, 3 1/2 years is a long time to wait for a Buyer. And eleven(!) price cuts, totaling almost half a million, is a lot of ground to yield. What gives? While...Read More
“Airline Pricing” Spreads to Mortgages Both Fannie Mae and Freddie Mac say they are tacking on extra fees to counter higher risks and losses associated with certain loan products, buyer equity stakes and credit scores . . . However, real estate agents, mortgage bankers and brokers are incensed at the new round of fee increases,...Read More
