Month: January 2015

A Look Back on Resale & New Development Pricing Divergence

As I discussed in my new development post – 2014 was a year in which the divergence between new development and the resale market was wide enough that breaking apart their sales numbers makes sense.  When three bedroom and larger condominium sales appear to be …

Eye Candy January 2015 & New Development Thoughts

Over 2014, my firm’s chief economist felt a growing divergence between new development sales and the resales of condos and cooperatives, in terms of new development sales skewing closing information, both in being averaged into all other sales, and because of the delays between …

Explaining the Board Package Process in 60 Seconds

Sometimes buyers want to understand what they are getting into when buying a cooperative.  They have to get “approved” by a cooperative. What does this mean? Just like in a country club, a membership committee reviews your entire financial and personal lives, and …