Buyers and Sellers are Misreading the Signs of Today’s Market As mortgage rates rise and the stock market wobbles, you cannot blame buyers and investors for getting excited.  After all, the last 18 months have been extraordinary for sales volume in Manhattan and across the rest of the United States.  I can imagine that buyers
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Friends are complaining that they can’t find a home in any suburbs, that traffic is horrible in lots of different quaint towns, that the post-COVID real estate boom has ruined many sleepy upstate burgs.  Even Brooklyn is at all-time highs…. Not here!! Manhattan is one of the only markets in the United States that is
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New Feature!! Let’s celebrate a recent win for our buyers and sellers.  This month?  Buyers! We go to a couple who started their Upper East Side search before COVID.  Deal One Our first deal thankfully didn’t take flight.  Why thankfully?  Had they not been outbid, they would have been stuck in the middle of a
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“If the mortgage rates go up, won’t prices go down?” This is the comment that I’m hearing more and more.  In theory, it makes complete sense.  But in practice, it’s more complicated than that.  I’ve been looking for a simple way to communicate what feels like a difficult concept to grasp- that is, what is the
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We’re hearing it all over, so I’ll ask you, too: Are you worried that there some scary things are creeping around the corner? I’ll spell it out: Rising mortgage rates, Recession, Russia, a pandemic that won’t go away…   We’ve had a really great run of about 18 months of enthusiasm, when it was easy
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The Resurgence Not of COVID-19, but of Midtown It seems like a million years ago, but it was last September.  I had been thinking about Midtown and some of the different ways in which it had been more dramatically impacted by COVID-19- and why it would be a boon to the recovery.  Nine months later,
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We’re All Crazy. It happens with nearly every introduction.  The person that wants me to meet their prospective buyer or seller says, “Scott, I want to warn you, my (friend, colleague, sister, acquaintence) is crazy.”  Let’s face it- Crazy is par for the course in New York.  You have to be a little delusional or
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After two years of donning masks, and facing the emotional trials and tribulations of COVID-19, its attendant school closures, retail decimation, and office life tumult, New Yorkers face another challenge- The residential Housing Market.   They have traded N95 masks for the armor necessary to endure bidding wars, disappointments, and more. But do buyers really want
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Florida seems to be in the news every day. Maybe you had been tracking the latest of Florida Man (an amazing, but retired, twitter account), or are currently tracking the battle between Ron De Santis and Disney World.  More likely, you have been hearing that all of New York has been moving to Miami, Palm
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My First Real Estate Deal   The grid of Manhattan atomizes in this corner of Chinatown.  Its alleys and lanes squeeze up against the Bowery and the Manhattan Bridge approach like the crush of bodies against the stage at a sold out rock concert.  I had only a vague idea where I was going- but
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