Monthly Archives: March 2007

The Psychology of Words in Real Estate Listings

A study by the University of Texas San Antonio revealed that the types of words used in a listing can form a positive or negative impression of the home being marketed. Words that had a positive impact were ‘lake’ ‘updated’ ‘golf’ ‘breathtaking’ ‘landscaping”. Some words that evoked a negative reaction were ‘new/fresh paint’ ‘new carpet’ […]

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Ulster County Home Sales and Median Price Down

The number of sales in Ulster County for February dropped 9% when compared to February 2006. The Median price also decreased to $254,000, down 4.2%. The average price actually increased almost 4% to $302,906. The average days on the market remained constant at 128 days.Dutchess County had a slight 1% increase in closed sales, but […]

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More Subprime Lender Woes

Admist the disclosure that New Century was under investigation by the SEC, the subprime mortgage industry took another blow. New Century’s stock dropped 69% on Monday. Other subprime lenders have seen big drops in their price per share since the beginning of 2007: New Century -86%, NovaStar -84%, Fremont -64%, Accredited Home Lenders -41%, Countrywide […]

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Ulster County Named #5 Best Place for Artists in US

A national study confirmed what local residents and tourists already know about Ulster County–there is a thriving community of arts and culture. The Kingston, New York area was named as the 5th best place for artists in the entire US according to Business Week and Sperling’s Best Places. The ranking was given based on a […]

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Existing Home Sales Hold Steady in Northeast

According to data compiled by the National Association of REALTORS, existing-home sales in the Northeast held steady at a level of 1.07 million in January, unchanged from December, and were 5.9 percent higher than January 2006. The median existing-home price in the Northeast was $260,700, down 1.2 percent from a year earlier.

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Investors Uneasy About Subprime Mortgages as Delinquencies Increase

The subprime mortgage industry is showing increased evidence of contraction, losses, and buyer delinquency and default. Countrywide, the nation’s largest lender and one of the bigger players in the subprime market, reported that delinquencies rose 19% when compared to the previous year. One website is reporting that 26 subprime lenders have gone out of business […]

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