Blog

Fewer New Buildings These Days? Why? Happy New Year! There are fewer residential new Manhattan development projects launching as of late, apart from very large Hudson Yards buildings. There could be a lot of reasons why we’re not seeing as much new development marketing start off lately: time of year, a wait and see approachRead more

As I mentioned in last month’s overview, I expected 2014 to be the best year yet for my firm, Brown Harris Stevens. That was indeed the case: the firm sold $4.2 billion in Real Estate during the year, which was 7% higher than in 2013, with only 3% of the agents working in New YorkRead more

Recently, I’ve been reminded of how challenging getting a mortgage can be for even the most qualified buyers. Forget how difficult it can be right now even to get an accepted offer on an apartment! Once contracts are signed, buyers are simply not prepared, emotionally or otherwise, for the mortgage process that awaits. Whether buyingRead more

Our 2nd quarter market report gives plenty of data points, but I’ll offer a few highlights and some takeaways, both from the report and not: 2nd Quarter Market Takeaway The quarter’s topline “average price,” 19% higher, year over year, is essentially meaningless. This average is too skewed by a few very large transactions. In neighborhoodsRead more

How are we looking this spring, readers? In short, very tough hunting for buyers, and very lucrative poaching for sellers. The latest Annual Market Report came in, for 2013, which dovetails nicely with our discussion of the Spring Market. I had a short meeting with Gregory Heym, head of our firm’s in-house economic team, whichRead more