Explaining the Summer Swoon “Sell in May and go away.” –Investing maxim Selling in May sure seems to have been good advice this year: the Dow is down about 700 points (almost 5%) from its Spring high. The explanation? (or at least one of them): Wall Street’s “A” team departs for the Hampton’s in the...Read More
How the Upper .25% Live I quickly browse a lot of real estate-related material, but when I came across “Hamptons” and “$375,000” in the same sentence, I slowed down. If you don’t know, the Hamptons in Long Island is (summer) home to Wall Street’s — and Manhattan’s — rich and famous, and home prices there...Read More
Bucking the Tide: Small CitiesShow Best ’08 Appreciation According to First American CoreLogic Inc., the 11 cities with the highest home price appreciation in 2008 are: Cedar Rapids, Iowa: 8.83 percentBinghamton, N.Y.: 7.78 percentAmsterdam, N.Y.: 7.89 percentMalone, N.Y.: 7.60 percentBay City, Mich.: 6.87 percentCollege Station-Bryan: 6.78 percentRocky Mount, N.C.: 6.69 percentAuburn, N.Y.: 6.51 percentLebanon, Pa.:...Read More
