Month: July 2012

New Development Round-Up

There was a great article yesterday in the <a title="Unfinished Business" href="http://www.nytimes.com/2012/07/15/realestate/back-in-business.html?_r=1" target="_blank">NYTimes</a> about the unfinished projects coming back to market, finally getting built, etc - all across New York City. I have a great deal of respect for real estate …

Why I never tire of writing about mortgage rates

Writing about mortage rates being historically low could seem incredibly boring after so long.  Yes, rates are low and have been for many years.  I’ve enjoyed feigning boredom in these posts. But these rates are incredibly exciting.  How many people are taking …

Will any new inventory come on the market in September?

I’ve been meeting with sellers over the last few weeks who are facing the reality of selling their apartment.  They have outgrown their home, they need to downsize, divorce, kids, windfall event- all the life-event drivers of the market.  At the same …

Thoughts on the 2nd Quarter Reports

Here are all of the articles quoting the BHS 2nd quarter report- handy dandy for you: New York Times: http://www.nytimes.com/2012/07/03/nyregion/manhattan-real-estate-market-holding-steady-in-2012-report-says.html?_r=1 Wall Street Journal: http://online.wsj.com/article/SB10001424052702304299704577502862447440428.html?mod=WSJ_NY_MIDDLESecondStories Bloomberg: http://www.bloomberg.com/news/2012-07-03/manhattan-first-time-apartment-buyers-grab-deals-in-slow-market.html Crain’s: http://www.crainsnewyork.com/article/20120703/REAL_ESTATE/120709985 The Real Deal: http://therealdeal.com/blog/2012/07/03/manhattan-inventory-falls-sharply-in-second-quarter/ Headlines seem to capture the flavor of what’s going on- …