Happy Summer. You’re thinking about your beach vacation, and I am thinking a lot about what most people think about as “Prewar” apartment buildings in New York City. And beaches, too. On the Upper West Side, and in most neighborhoods, there were two substantial apartment-building building booms before World War II. First, in the mid
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For those who look at the New York City Housing Market all the time, like me, it would be nice if there were some better sense of a direction in which the market is moving. However, it has been a month, perhaps a year even, of mixed messages. How much of the news is noise?
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Powered by OpenReel Happy Summer! I’m Scott Harris from Brown Harris Stevens, your New York City residential real estate thought leader for over 15 years. My favorite part of this video, besides the content, is how the lighting makes my hair look like I dyed it blonde. This is not actually a new ‘do, just
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Where are we in the real estate cycle? I recall a cult-classic movie “That Thing You Do” in which the record label producer wanted to keep the songwriting upbeat and snappy… I have lamented at times when there is not that much snappy or peppy to say. And of course there is the old saw,
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When the tax plan first came out, my initial reaction was mostly a freak out. Something like this: Oh my! The market could drop significantly! The suburbs will be destroyed! It could be a bloodbath! And a lot of buyers and sellers came to ask what I thought could actually happen as a result. As
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Powered by OpenReel This month, we have fun looking at a few interesting items that have lined up: Inventory is at a 5-year high Time on market hasn’t changed much Mortgage rates are up Stock Market is Up Prices are flat to down. It seems that the planets have lined up for buyers to
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Here are a few statistics to think about: Inventory is up 25% year over year across Manhattan Inventory is at a 5-year high Absorption Rate is up year-over-year in every single size apartment across Manhattan, not a great thing There is now more than a year’s worth of 3-bedroom+ condominiums, and 15-months of 3-bedroom+ cooperatives
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The past few weeks have been quite fun in real estate brokerage world. I mean, they are usually fun, but the drama factor has been running particularly high of late. First, Town Residential closed up shop at the end of April. Then yesterday, Keller Williams NYC had a bunch of rumors swirling of its demise-
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This month we touch on why buyers should be confident this spring, and how we are working with sellers on pricing! With any questions about buying or selling, please contact the Harris Residential Team. Thank you! Powered by OpenReel
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While we’re just getting into the Spring market, due to cooler temperatures, it’s important to be a cheerleader of opportunities for buyers, or sellers. In this case, we’re still seeing a lack of inventory, and plenty of demand for well-priced properties. But in many cases, we have a confluence of items which could make for
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