Comments on: Zell Predicts Real Estate Recovery Starts End of 2010

By: Frank Dreadon

Frank Dreadon — Mon, 30 May 2011 02:33:24 +0000

Well, halfway through 2011. Has there been a rebound? I suppose in some markets, but over all, we are in a holding pattern.

By: inna

inna — Wed, 12 May 2010 14:46:56 +0000

I just have a tough question: I owe $292K on a house in Boca Raton , FL that is now worth probably $260 realistically. Based on two extreme scenarios ( grim and rosy) how long would it take me to break even?

THanks

By: Mike

Mike — Sat, 01 May 2010 01:26:42 +0000

Well I'm in Phoenix too and although we've seen some prices going up, my once million dollar home in Scottsdale is still worth maybe 700K, and will need to climb another almost 50% for me to break even. Oh well, you have to live somewhere I suppose.

By: John Kavaller

John Kavaller — Mon, 29 Mar 2010 20:25:05 +0000

The Sullivan County Catskills are about 2 hours from the West Side Highway in Manhattan. Traditionally, we have been a resort community and recreational mecca for those wanting to swim the Delaware River and beat the heat.

Our real estate market consists, in good measure, on second home sales from the Metro area. Spending on second homes here has been somewhat stagnant, but as a previous writer noted, a small portion of our second home market has increased from last year at this time.

The issue of Natural Gas Drilling will continue to impact real estate in the Catskills. Be sure to be aware of the possible implications.

By: David Knudsen

David Knudsen — Thu, 25 Mar 2010 12:11:41 +0000

While I agree that real estate, generally, is local (although there are certainly regional trend differences), within individual markets there isn't enough discussion of "submarkets". In my market, which is heavily a NYC second home market (Sullivan County NY Catskills), there has been a strong pickup in activity in the affordable to moderate range, for smaller, more modest homes, but the upper end, McMansion trophy house on steroids market is as dead as a doornail.

By: Real Estate Roundup - Week 12

Real Estate Roundup - Week 12 — Sun, 21 Mar 2010 17:00:51 +0000

[...] Zell Predicts Real Estate Recovery Starts End of 2010 by Tom Royce at The Real Estate Bloggers [...]

By: Austin Mortgage

Austin Mortgage — Fri, 19 Mar 2010 14:22:35 +0000

an add on to my previous comment–I suppose nationally it’s hard to tell, but each city and market is in a different stage.

By: Austin Mortgage

Austin Mortgage — Fri, 19 Mar 2010 14:07:19 +0000

Hmm…..interesting. Of course, I would love to see the real estate market bounce back as quickly as possible, but just as I’ve heard Zell talk of real estate recovery, I’ve heard other industry professionals say we still have a long way to go–some think as many as two years. Anyone else have a thought?

By: Marc Brodeur

Marc Brodeur — Fri, 19 Mar 2010 12:05:04 +0000

Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have had marginal price increases for 8 straight months.

By: Mark Arenella

Mark Arenella — Fri, 19 Mar 2010 10:56:59 +0000

Great to hear that the big boys

are predicting recovery sooner than

most think.

Thanks for the value!