Real Estate Vocabulary #101 At least when it comes to residential real estate, when is a positive a negative, and a negative a positive? Answer: when it comes to doing a Comparative Market Analysis (“CMA”), the tool Realtors — as well as appraisers — use to estimate a property’s fair market value. CMA Math So,...Read More
Beleaguered Shareholders: “Stop the Merry Go Round, I Want to Get Off!” Are gyrating, crashing stocks good or bad for the housing market? Both. In fact, I see three positives and negatives apiece emerging from the recent market carnage. Positives Here are the pluses (yes, pluses): Weak equity markets forestall the Federal Reserve’s plan to...Read More
“Everyone should live in California, but leave before they get soft. Everyone should live in Manhattan, but leave before they get hard.” –Anonymous [Editor’s Note: David Letterman may be about to broadcast his last show, but his comedic contributions — including “Top Ten” lists — will live on. In that vein . . . I...Read More
