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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 right now: “Do you expect the real estate market to drop 15-20% ifRead more

CLICK HERE TO SCHEDULE A TIME TO SPEAK WITH SCOTT & HIS TEAM Hobgoblins and Bad News A steady diet of negative news certainly hasn’t helped my outlook on the world. And I have become convinced of this: It’s not that there is more bad news right now- though there is plenty. It’s that theRead more

CLICK HERE TO SCHEDULE TIME TO MEET WITH SCOTT & HIS TEAM Holiday Shopping Blues? In a few weeks, everyone will get a shock when their credit card bills comes in- from all of their holiday spending. It got me to thinking: What if some accidentally unpaid credit card bill kept you from buying anRead more

The question that I continue to be asked is why the market in New York remains sluggish. One agent told me he thinks it has actually been slower for longer than it was in 2008 into 2009. One factor which could cut either way- that is, could either be causing a continuation of a slowdown,Read more

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 Real Estate Agents, I have been looking for reasons to justify why 2016 was a slower year for sales volume. We can blame Trump for it- It seems like a popular move these days. But looking at other reasons, I was featured in a recent Bloomberg article where I discussed the notion of “OffensiveRead more

One of my favorite phrases to come out of finance- and there are plenty of them, given that my works puts me in contact with many men and women in finance- is the notion of “talking your own book.” What this means is that someone is essentially something in their own interest, or book ofRead more

Happy Summer! Perhaps any or all of these three mortgage-related items/risks may on your mind … We’ll try to help you answer them right now. 1) How do I feel comfortable submitting a non-contingent offer on a property when I need a mortgage, and do not have the cash to buy the property outright? 2)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. Is Real Estate the Giant Beating Heart ofRead more

Mortgage rates are at a two-year high, as the stock market sorts out how to deal with QE3 tapering. There is consensus about the direction of rates from the mortgage brokers I work with, anticipating rates on 30-yr fixed mortgages approaching 5% by year’s end. Most do not see rates over 5%, though. And importantly,Read more