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Market Perceptions, Market Realities

It’s that time of the summer when buyers are particularly tuned out from, well, most things.  So, it’s not entirely surprising to get “please update me” questions about the real estate market. What seems odd is the question I’m getting quite often …

Dogs and Dollars

The question that was put to me last week: “Does a building’s rules to allow pets, specifically dogs, impact the value of a property?” I have sold about 25 units in a building on the West Side that has not allowed dogs …

What Could Possibly Go Wrong?

Quick thoughts about the Federal Housing Administration, also known at the FHA, or HUD – Housing and Urban Development. “The FHA estimates it could insure as many as 60,000 additional condo loans each year under new rules.”  What does this mean?  Whenever …

VIDEO: Why Everyone Thinks They Are Brilliant

The summer is a time to recharge the batteries.  In the case of the Manhattan and Brooklyn markets, it may also be a time to get really amazing deals.  I’m thinking about how mortgage rates are likely to come down, inventory is …

Social Media, FOMO & The Real Estate Market

A big question.  How has social media affected real estate purchases?  Are there positive impacts?  Negative ones?  Both? On one hand, I hear stories about how Facebook is helping realtors do business, Instagram helping us promote what we’re up to, spreading the word, …

The Beginning of a Co-op Trend?

Sellers of cooperative apartments who are seeing their properties linger are wondering what they can do.  You can take a look at our reports here and here for a bit more color about inventory and the market. I can point out a …

Coop Board Rejections, Pricing Collusion?

Collusion There’s been a lot of arguing about collusion in the news.  “No Collusion!” is what we hear from our President.  Regardless of which side of that argument you come out on, you are probably disgusted and frustrated.  At the very least, …

Massive Legislative Impacts on NY Real Estate

I lived in Cambridge, Massachusetts from 1996-2002.  The composition of the people of Cambridge is not terribly different than Manhattan.  And in 1995, Rent Control was ended in the state of Massachusetts.  This is a state that still has Blue Laws because …