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What’s Going To Happen To All The Office Space In NYC? desks, desks everywhere, but who is using them? There’s a lot of news talking about the death of office space in New York City. Loans coming due – $16BB or more – on commercial real estate in 2023 Super low office attendance, even withRead more

Tiny shifts at the margins will help first time buyers in this market.  As mortgage rates appear to be slated for possible increases in 2022, buyers need all the help they can get.  Enter Fannie Mae! As of December 16th, now buyers will be able to borrow up to roughly $650,000 and have the looserRead more

Every quarter… There is a lot of talk about the quarterly reports, such as our glossy 1st quarter report.  These numbers are what make the most noise in the press.  Average sale prices, Median sale prices, aggregate sales volume.  It is fun and interesting, but relying too much on these numbers results in a terribleRead more

As we look to hit the reset button from 2020, energetically, I am struck by how similar the situations are that we face today. Increasing buyer demand Historically low mortgage rate environment (though this could be the beginning of the end, read here) Wonderfully attractive pricing for buyers (even lower now than January 2020, byRead more

Powered by OpenReel Happy Summer! I’m Scott Harris from Brown Harris Stevens, your New York City residential real estate thought leader for over 15 years. My favorite part of this video, besides the content, is how the lighting makes my hair look like I dyed it blonde. This is not actually a new ‘do, justRead more

Heading for the exits already? As I write this, the stock market is in a bit of freefall. We’re on the other side of a surprising result in the UK (not sure how United it will remain, however), which seems, in my view, to be an excuse for markets to sell off. Global weakness didRead more

I give a lot of credit to real estate developers. They take on big risks and reap large rewards when enough things go right. 100 Barrow in the West Village In some cases, buildings are designed with the thinking that they will become rental apartments. In that case, it would be no surprise to seeRead more

Jonathan Miller, one of my favorite NYC real estate thinkers (and appraisers) put together a piece showing the end of a “tight market” in NYC with an increase of resale apartments, both condominiums and cooperative units. Given that inventory has come up 15% year over year, this is an accurate call. I’ve been thinking aboutRead more

There has been an awful lot of noise about the Real Estate market in New York in the past few weeks labore et dolore magnam aliquam quaerat voluptatem…

We are back on the horse – new new developments have started to open sales office following the Dec sed quia non numquam eius modi tempora incidunt ut labore…