Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts

Tuesday, July 20, 2010

Holla atcha, Hollis!

The Wall Street Journal recently highlighted Hollis, Queens in their NYC Walkabout series. Have you seen the street sign for Run DMC JMJ Way (a/k/a 205th Street @ Hollis Avenue)?

It is always great to see Queens get some love.





Work with a buyer's agent who is also a licensed architect.
Andrew Wilson: NY Architect and REALTOR(r)

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here.

Monday, April 26, 2010

Should you Remodel or Move Up?

Should you Remodel or Move Up??
Increasingly, it looks like you should remodel...

According to the Wall Street Journal and the Joint Center for Housing Studies at Harvard University, when pondering this question in 2010, even the majority of homeowners who are not "underwater" on their mortgages are feeling more apt to renovate their existing digs than sell and move to a different home.

This "Do More with Less" theme could well be the theme of 2010 and a nascent economic recovery. In that vein, we wanted to share this video showing how a little space combined with a lot of imagination can result in more than you expect.



The Wall Street Journal article also mentioned a "psychology return on investment" which [1016] Architecture covered in one of our previous posts on Getting the Most Out of Home Improvements as "emotional return." A level-headed analysis of costs vs. value should definitely include this non-monetary return on improvements intended to be enjoyed over many years.

Read the full Wall Street Journal Article here.


Andrew Wilson: Shop for real estate with confidence.
Work with a buyer's agent who is also a licensed architect.

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here(powered by ListingBook)

Monday, January 18, 2010

When it Comes to Housing Bottom, Who to Believe?

Picking the bottom of the market may be impossible, but perhaps the conflicting views of 2010 presented in the WSJ.com videos below mean opportunity is out there for intrepid buyers.

This video says foreclosure activity will see a second and third wave in 2010. The first wave was started by poor lending practices, which help create the now-burst bubble. The second wave of foreclosures will come from unemployment and the third wave from the boom-vintage adjustable rate mortgages resetting on underwater homes. Yikes.




All that said, if you still have a job, in most places of the country, housing is affordable relative to historic earning power. This is a powerful, but rarely emphasized metric that Inside the Brackets has written about before in our Moody's Crystal Ball.