I’ve been making the rounds of the new developments hitting the market in Manhattan. Here are a few notes for you. Next month I’ll review 1280 Fifth and others. 1) 250 West Street – Waterfront Condos, Indeed. I was completely impressed. Inviting sales office; knowledgable and non-cheesy sales staff; clear floorplan. That’s the first impression.
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We are all learning here. This month, I was reminded that while I sometimes assume that everyone knows what mortgage rates are, this is not the case. So perhaps more attention should be paid, as it were, to this part of my monthly blogging. In truth, unless someone is actively thinking about refinancing or purchasing,
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For those of you who have taken note of my biography, I like to run marathons. This Sunday, September 18th, I’ll be running my ninth marathon, this time in Yonkers, New York. Did you know that this is the second oldest marathon in America, after Boston? I didn’t. Go and read all about it: Yonkers,
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I was writing in my Market Update that Lenders have been incredibly difficult. The frustration I am hearing from clients in getting loans is reminiscent of the Richard III line “My kingdom for a horse,” except that in this case there is a stable right in front of them! As clients continue to refinance and
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Writing this each month for you forces me to take a step back from the busy day as a real estate advisor, from the transactional details and day-to-day business, and look at the market from 30,000 feet. First things first, there’s been a pause in the market- it’s called August. As much as we all
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Here’s a snapshot of everything going on in our little bubble. Yesterday’s correction was a long time coming: The BHS 1ST HALF 2011 BROOKLYN RESIDENTIAL MARKET REPORT and the BHS 1ST HALF 2011 MANHATTAN TOWNHOUSE MARKET REPORT prepared by Chief Economist Greg Heym are both attached and available on the new Brown Harris Stevens Website
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As I ramp up my marathon training, I thought I’d share with you a quote sent to me by my friend Tim Crowley, a property developer in New York City: I am reading ‘War’ by Sebastian Junger (the guy who wrote the perfect storm). The book is about the US Marine Corp in Afghanistan. Anyway,
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Typically, no news is good news, but in this event, there’s been lots and lots of news- and ultimately it’s been net positive for those looking to take a mortgage. Rates crept up about 3/8 of a point over the last month, only to go right back down in the last week. News about Greece
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The 2nd quarter numbers came out July 1st. Yet there continues to be discussion about them, causes, etc. I hope you had a chance to look at the 2nd Quarter Heym Report. I’ll sum up: High End Apartments are selling briskly, so much so that they may have even distorted statistics. That is, lower-end properties
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Can you make it to this event? If so, I will see you there! http://breakingthebank.eventbrite.com/ It’s time to open your wallets for charity. And what better place to dole out some cash than a bank? That’s right: Citibank has offered up their gorgeous flagship branch in Union Square for a night of food, drinks, music
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