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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Dear Readers, I thought I’d take the space to share my gratitude for some of the professionals that I refer to my clients. Yes these are endorsements, for which there is no compensation- other than Happy Clients. Think gorgeous design, without the Architectural Digest price tag. Interior Design Gil Dvir is one of my favorite
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Well, well, well. I guess it’s not about when rates are going to go up. It’s about how long they can continue to stay down. Why are they still low? Political calculation? Bad US Policy? Bad Stock Market? Unemployment numbers? Rates are not only down, but they have actually dropped (though they popped up slightly
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Economists complain that it’s difficult to isolate factors in their experiments on the real world. Thinking Real Estate, I’m wondering if we could isolate any factors as to why the 2bedroom+ market is outperforming the 1bedroom market. Let’s make a few stabs at it, shall we? Maybe by looking at how the 2-bedroom market and
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AS the real estate market in New York City shuffles toward recovery, two-bedroom apartments have been the last to rejoin the party. Sales of studios and one-bedrooms rebounded first after the market crashed in late 2008, followed by three-bedrooms, but it wasn’t until mid-2010 that the two-bedroom market started its comeback. Now, brokers say that
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