A hastily drafted moratorium on foreclosures has kept many New Yorkers in their homes. It’s about to change.
New York City has been the big holdout in the U.S. housing meltdown. Wealthy foreigners flush with weak dollars and a finite supply of pricey Manhattan condominiums have kept the market moving.
But the New York hiatus from a […]

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AP - Existing home sales in the Northeast dropped more than 9 percent in October from last year, while the median sales price in the region sank 5 percent to $277,000, the National Association of Realtors said Monday.
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New York Times - On a recent Tuesday, thick ropes of rain slashed at the concrete and dripped off car tires in the parking lot of Harborview Terrace, a two-building public housing project on West 55th Street, between 10th and 11th Avenues. There was little indication that the forlorn lot, and the basketball court next […]

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ALBANY, N.Y. (AP) — New York Attorney General Andrew Cuomo said Monday that prospective home buyers will be protected from fraudulently inflated home prices under a new agreement with government-sponsored lenders Fannie Mae and Freddie Mac.
Cuomo said lenders have pressured appraisers to …
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MOST New Yorkers would greet the prospect of a $51,000 two-bedroom co-op in Chelsea with slack-jawed wonder, since the average price for an apartment in the city now exceeds $1.4 million.
They might react the same way to a three-story house in Park Slope priced at $255,000 or to a one-bedroom in a brand-new Harlem condominium […]

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BEDFORD - Local and county officials yesterday discussed how to tackle one of the northern Westchester’s most nettlesome issues: how to create affordable housing in the region’s high-end real estate market.
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At Manhattan co-ops, monthly fees were up 30 percent in 2007 over 2002, and at condominiums, combined fees and taxes rose 38 percent.
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LEVITTOWN, N.Y. — This prototypical suburban community, known for mass-produced housing that went up for soldiers coming home from World War II, is again trying to standardize a way of life for its residents.
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