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Multifamily house riles Whitestone  Until just a few weeks ago, say folks in Whitestone, everything was fine at 16th Ave.via


New-Home Sales Rose in August Defying Wall Street Expectations  There was an increase of 4.1%, while July's figure was revised downward. The median home price dropped. Easing housing prices may have been behind the jump in sales.read more...


Council OKs longer hours for Wal-Mart  POULSBO , Even though construction of the Olhava Wal-Mart continues to move at a rapid pace, contractors asked the city council for more time to work on the project.read more...


Realtors May Revise Internet Policy  To head off a possible antitrust lawsuit, a realtor group may change a proposed rule that would restrict Web sites from displaying home listings.via


In New Orleans, Home Is Still Far Away  Six months ago, a 200-foot-long barge careened over a collapsed levee during Hurricane Katrina, eventually coming to rest on the shattered remains of three houses in the Lower 9th Ward.read


Mortgage scammer gets 12 years (The Morning Call)  Snyder's scheme cost hundreds of people large sums of money. A former mortgage broker sentenced to federal prison Wednesday blamed his poor business acumen for causing hundreds

October 5th, 2007

A Reality Check for Home Sellers: Don’t Hold Out for More Than Market Value

Economists and other humans don’t always see eye to eye. ‘’Economists tend to think people are crazy because they won’t sell their houses for less than they paid for them—and people think economists are crazy for thinking things exactly like that,’’ said Christopher Mayer, director of the Paul Milstein Center for Real Estate at Columbia Business School and an authority on real estate economics.



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