It’s the season when so many people are closing on their new homes, painting, and then moving in before the school year. But after searching for months, signing a contract, and then the craziness of the closing process, you might not only invest most of your savings. You might also forget why you did this
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We’ve been a bit numbers-focused lately. Who wouldn’t, when every buyer and seller is? However, this demonstrates that it’s not just numbers, but digging into them to find the opportunities in the market. The A Line 789 West End is a wonderful cooperative building on the corner of 99th Street and West End Avenue. The
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People are obsessed with mortgage rates. It makes sense, of course. You feel like you’re committing to a lifetime of a particular monthly expense. It can really work to your disadvantage. And that’s what I want to write about here. You can get so blinded—or tempted—by a low mortgage rate, that you actually end up
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I thought 2023 would go down as the most challenging real estate market I had ever seen. But it was also our best year as a team. Then 2024 decided to give 2023 a run for its money. There have been a lot of reasons why people have the impression—or misimpression, as you’ll see—that this
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Data is not always reliable. And it’s not always enough. Studying it carefully—and ignoring what’s not helpful—may be the difference between winning and losing your dream home. Our deal of the month was in an Upper East Side cooperative comprised of three buildings, where we have sold about twelve apartments over the last decade. So
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We don’t like to shoot our market videos too far in advance, because the trend lines are not as clear in the real estate market as you might think. In fact, buyers and sellers should treat the market as surfers treat the ocean: You need to ride the waves. These can come in little increments.
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We were delighted to help a family make their move downtown recently. It was a lovely 1600 square foot, three-bedroom, three bath home with one of the largest terraces that you’ll ever see in an apartment. The only problem? A healthy dose of overoptimism before we can on the scene. You see, we were the
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It’s never bad to have a quarterly report. I’m grateful to our chief economist Greg Heym for creating it four times a year. It just doesn’t tell you what’s going on today. You can find the full version of the 1Q24 Manhattan Apartment Report right here: https://media.bhsusa.com/pdf/Manhattan_1Q24_MR.pdf Just don’t misunderstand what you’re seeing. You are
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We thought that the “sell in the suburbs and buy in Manhattan” was THE trade. What if the real deal is even more local? How about: Sell in Brooklyn and buy in Manhattan? Putting all this “trade talk” to the side, how about this: It’s just a good time to buy in Manhattan. And if
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I’m sure you’re up to your eyeballs in real estate right now. We do it every day and we’re pretty fed up with the newscycle, too. So what’s the one thing you need to know? The market is VERY, VERY active. It’s about buyers wanting to move forward, and snapping up what they perceive as
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