The Hartsdale NY housing market is in buyer's market mode. Prices for coops, condos and single family homes all experienced price reductions when compared with the third quarter of the previous year. This was the second year of price reductions for the area. Volume was variable with single-family home sales being down 70% over the previous year while there was a slight increase in the number of coop sales.
Following the stock market crash of 2008, home prices in White Plains finally took a hit. This market had remained remarkably sturdy up to the fourth White Plains NY Foliagequarter of 2008. The correction has been an abrupt one. The third quarter market reports reflect a market that is experiencing a major correction.
Over the past couple of months, I have written some scathing blogs about the big banks (Big Box Bankmarts) and their inability to fund loans in a sane, reasonable and timely manner.... This inspired me to try my hand at an XtraNormal video creating my own diatribe on the big banks regarding plain vanilla 30-year loans.
Over the past four months, I've had five transactions with one particular big-box bank. All save one were a complete nightmare. all I ever get from the powers that be at any Big-Box Bankmart is snarky arrogance bordering on disdain. Its pretty simple....Big-Box Bankmarts pretty much feel that they are in full control of the situation.