Month: September 2012

Mortgage Rates – how long will they stay this low?

On the 13th, the Federal Reserve announced that they would continue buying Mortgage-Backed Securities in the amount of $40 BILLION per month. This policy apparently will be in place for some time to come. This policy directly impacts development, the condo market …

"Nowhere For Them To Move Into"

I’ll recount a short conversation with a top-producing broker in my office this week, after seeing his gorgeous apartment listing on Riverside Drive. “Are you having trouble convincing owners to sell their larger apartments?” “Well, there’s nowhere for them to move into, …

New Development Round-Up (September 2012)

Thank you for stopping by!   I visited a few new developments this past month, excited to see what new inventory is to offer discerning buyers interested in owning in Manhattan. Certainly it’s timely to discuss  both what is showing now, and what …