In his latest report, Brown Harris Stevens’s Chief Economist, Gregory Heym, indicates stronger national economic growth than expected, despite rising mortgage rates and rising New York City unemployment: THE HEYM REPORT DECEMBER 2013
READ MORE
Let’s take an end-of-year pulse of the market with an eye on what could shift the market. The main sign, most visible after today’s Fed Announcement, seems to be the End of Easy Money. Will this be a disaster for NYC real estate? Not likely, anytime soon. The strength and pace of 2012 and 2013,
READ MORE
Back in September, I ran a 10-mile New York Road Runners race in the Bronx, my third sanctioned race along the Grand Concourse. Skirting around hills and Art Deco buildings sparked my interest, along with visits to New Yankee Stadium, Arthur Avenue, Bronx Botanical Garden, multiple running trips to Riverdale and Van Cortlandt Park. My
READ MORE
The Charles was another casualty of the downturn in 2008-2009. Turns out, though, that it was only partly dead. Instead of being constructed, the Charles had remained an empty lot on First Avenue and 73rd Street for the last few years. As development picked up over the last year, so, too, did the plans for
READ MORE
“Pre-War,” as in Pre-World War II, is a term loaded with meaning for buyers in New York City. For some it implies a grace of layout. For others, thick walls, better closets, larger baths, bigger kitchens, more detail. Pre-war predates the the low ceilinged, “cookie cutter” layout that is certainly present in much of the
READ MORE
BROWN HARRIS STEVENS ABSORPTION REPORT NOVEMBER 2013
READ MORE
Thanks to my associate Barry Herbst for the below: What wasn’t covered was that De Blasio was elected Mayor-Elect with approximately 73% of the overall vote, and raked in the majority of donations from New York’s top developers, brokers, and other movers and shakers in the industry. As a result it is clear that the
READ MORE
Some quick trend thoughts with new developments: Super Tall Along 57th Street and nearby: 432 Park is over 50% sold, 1400 feet tall. JDS will do its super-tall sliver building next to Steinway, 107 w 57th Tower Verre just got its cash injection and is off to the races on w 53rd street. Extell, whether
READ MORE
Happy November. Bill DeBlasio has been officially elected. Bloomberg’s term is unofficially over- the death of the Midtown East redevelopment plan (for now) seems to be as strong an indicator as any. So yes, the king is dead. Long live the king. Bloomberg goes back to running his business. And his legacy will become clearer
READ MORE
Happy October. Finally we’re seeing lovely Fall weather! As of this week, the jobs report seems to indicate that employment growth has sputtered somewhat. Mortgage brokers I’m speaking to seem to feel that rates will flatten out or drop a touch, and not necessarily go anywhere for a little while longer. This is sure to
READ MORE