The Case-Shiller Home Price Indices, which (I never tire of saying) omit apartments, show that the annual rate of decline of the 10-City and 20-City Composites improved in August compared with July.
August was approximately the seventh month of improved readings, beginning in early 2009. Continue reading
“There’s always an underlying number of lawsuits about defects, but about a year ago the number started to increase. And over the next two years there’s going to be an explosion, because of all the buildings that were built at about the same time.”
So Stuart M. Saft, a real estate lawyer and the chairman of the Council of New York Cooperatives and Condominiums, told the New York Times in a story that led the real estate section on Sunday. Continue reading