Daily Archives: November 18, 2008

November 18, 2008

Archibald Cox, he is not

 Our next president has decided on Eric Holder as this country’s next Attorney General. Mr. Holder, you may or may not remember, last exercised his official duties in the waning days of the Clinton administration by arranging the pardon of … Continue reading →

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November 18, 2008

Proverbs 16:18 Pride goeth before destruction, and an haughty spirit before a fall.

You can read all this in the comments section to the earlier Antares post but it’s so much fun, I’d hate for it to get lost. From CEA: Well, here is what I know (and it is just public information, … Continue reading →

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November 18, 2008

So what’s up with this?

 25 Jeffrey Road (off Stanwich) was a dumpy little cape-ish ranch back in 2002 when it was listed for $1.025 million. Just to remind you of the good old days, I’ll tell you that it went in mere days, via … Continue reading →

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November 18, 2008

How’m I doing?

If you’re the Greenwich real estate market, not so well. Since September 1 we’ve seen a total of 42 single family homes go to contract, 2 in Cos Cob, 29 in Greenwich, 4 in Old Greenwich and 7 in Riverside. Of … Continue reading →

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November 18, 2008

This is getting depressing

Homebuilders’ confidence index sinks to 9, a record low. Confidence among U.S. homebuilders in November dropped to the lowest level since record-keeping began in 1985, a sign that the deepening credit crisis is preventing prospective buyers from purchasing new homes. … Continue reading →

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November 18, 2008

21 Cornelia Drive update

I mentioned this place a week ago when it had endured seven price cuts over the years as its disappointed builder slashed and slashed again, from $11.750 million to, last month, $7.450 million. Today sees its eight price reduction, $500,000 … Continue reading →

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November 18, 2008

A jaundiced view of sellers’ attitudes

“Sure the market’s down, but not my house!” Real estate agents from around the country report on how they’re doing with their seller/clients. Update: here’s the link to the AP story cited by the Boston Globe’s blogger: “Delusional home sellers”. “Love … Continue reading →

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Filed under Buying/Selling Greenwich Real Estate, pricing

November 18, 2008

News you can use

Now’s the time to buy a house in Terre Haute

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November 18, 2008

What’s bad for sellers can be good for buyers

There’s a real estate boomlet going on in California where folks once priced out of the market are snapping up foreclosure and just plain old desperate sellers’ bargains. Even if we never reach that level of foreclosure activity in Greenwich, … Continue reading →

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November 18, 2008

Oh my gosh, what’s happening in Illinois?

Unlike the boom times we’ve been enjoying here in Greenwich, Illinois real estate agents are encountering rough waters. Hope it doesn’t spread east.

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Filed under Buying/Selling Greenwich Real Estate, current market conditions, pricing

November 18, 2008

There won’t always be an England

  Missed this story when it first appeared: England is banning fire estinguishers from residential flats: too complicated to use properly, citizens may be endangered trying to protect themselves. Only experts can prevent forest fires.

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November 18, 2008

Sign of the times?

69 Riverdale Avenue (the last street off the Post Road before Port Chester) is a new condominium project that seemed to be doing okay, even if a large number of units were rented, not sold. Yesterday a 2,400 sq.ft., 2 … Continue reading →

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November 18, 2008

Antares on hedge funds: these guys treat rent like lunch money

The actual quote from Mr. Joe Beninati, principal of Antares was “rent is as insignificant to these guys as the lunch bill.” We’ve asked this before: what if there’s no one around to buy lunch? What if the number of … Continue reading →

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