The Real Deal’s Alex Ulam discusses one-stop shops with WNYC

The Real Deal‘s Alex Ulam spoke to WNYC’s Richard Hake today about one-stop shops, businesses that provide real estate salespeople, financing, inspections and home appraisal through one company. A high percentage of homes sold through New York City’s one-stop shops end up in foreclosure. Ulam discussed how he found out about the problem; where homebuyers find one-stop shops, which are particularly prevalent in outer borough neighborhoods; and how these all-in-one real estate companies inflate neighborhood prices. Ulam explored these companies in The Real Deal’s June 2008 issue.