YorkStreetProperties.com

Sales for existing homes rose again in July by 7.2% from a month earlier.  The US is on track to transact on 5.2million homes.  This single monthly increase was the larges since 1999 and marked the fourth monthly rise IN A ROW.  This last stat is one I find particularly interesting.  With home prices in [...]

FUNDAMENTALS  One question I always ask myself when I am purchasing a piece of property is “would I be happy (cash flow) owning this property over the next 30 years? ”.  I get the question all the time (particularly in this environment) about value.  Specifically the movement or variance in real estate values.  The first [...]

The latest report on new residential construction was released by the Commerce Department yesterday and it that housing starts and permits dropped 4.5% bringing new construction to it’s lowest level since 1959. Building permits, an indicator of future construction, also fell sharply, by 12%, to a record low of 708,000 annualized units. Permits for single-family homes, considered by [...]

Lance Puig, York Street Properties, Inc.
It is important to remember that the press is basically in the business of selling newspapers. With that being said I feel that the “national” media has been some what overzealous about reporting on declining real estate values this past year.  The numbers being reported are often sensationalized and usually do [...]

By Lance Puig, Yorkstreet Properties Inc.
With the nation’s financial institutions being squeezed by the current credit-crunch many institutional banks are hesitant about taking risks. Yet it is my belief that the current market landscape will continue to benefit those interested in investing in both short- and long-term private mortgage loans. Where many people nowadays only [...]