There’s been so much noise and news over the last 2-3 years. How can you separate the two? I mean, I have tried to ignore it, to stop watching TV News, to ignore political Twitter, you name it. It is hard not to feel like Michael Corleone. You think you’re out and then you get
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What’s Next? We are in the waiting period between the end of summer, when there’s not much new “data” to chew on. Many people are away, weighing options of what they want to do in the Fall. Buy, sell, rent, move to the suburbs, etc. I’ll cover the Trump stuff in a separate post. My
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This month I come to you from 107th street and Broadway, sitting in a three-bedroom condominium that will be coming to market in a few weeks. These views and finishes are amazing, from a high floor looking west, south and east. So – Let’s talk about condos. What’s different about condos is that you can
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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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