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Blog

VIDEO- Sometimes It’s Really Just Pricing

By admin | Newsletter | Comments are Closed | February 26, 2020 | 0

In this month’s video, I continue to muse on what seems to be driving the market into higher sales volume.  The very short answer?  Pricing.  That’s it.  If prices look to be “in the zone,” people make bids.  If prices seem to be too high, no offers.  Tumbleweeds.  So the question is this, sellers:  DoRead more

VIDEO: Marketing Real Estate to Women

By admin | Newsletter | Comments are Closed | November 27, 2019 | 0

In This Month’s Video I discussed the missed opportunity in New York, that is ignoring more than half of the population here. That is, women! Women are buying properties for themselves. No one is waiting anymore to get married to buy real estate, least of all so many successful women. This includes our many amazingRead more

What Could Possibly Go Wrong?

By admin | Newsletter | Comments are Closed | August 27, 2019 | 0

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 the government is the backstop for a particular property group, it means thatRead more

Does a Stronger Rental Market Imply a Stronger Near-Term Sales Market?

By admin | Newsletter | Comments are Closed | May 29, 2019 | 0

I began my real estate career working at Citi Habitats, focused on rentals. It was trial by fire, and there couldn’t have been a better training ground for someone who had never worked in residential real estate. I saw 80-100 apartments per week, whether previewing them, showing them to prospective renters, and managing the hustleRead more

A Gap in the Real Estate Market, filled by Empty Nesters

By admin | Newsletter | Comments are Closed | May 29, 2019 | 0

Certain buyers are drawn to certain homes. And some properties are more universally appealing, being a bit more generic, like 1-bedrooms or Studio units. In some cases, having a limited audience can be quite challenging when it’s time to sell. I am seeing 5- and 6-room apartments have an increasingly limited audience. But in thisRead more

We’re Not Celebrating Taxes, But We are Celebrating Home! VIDEO

By admin | Newsletter | Comments are Closed | April 19, 2019 | 0

Scott Harris from Brown Harris Stevens here, coming to you from my home on the Upper West Side of Manhattan. We have lots to celebrate at home as two of my children have birthdays in April- and we do what we can to host lots of events here. So let’s talk TAXES. Something that notRead more

The New Mansion Tax

By admin | Newsletter | Comments are Closed | April 19, 2019 | 0

The 1st quarter of 2019 was a big dud. Though prices increased on average in the first quarter, it was “solely due to a jump in luxury new development closings, including a record-setting $240 million sale. The average price for just resale apartments was 3% lower than a year ago, as price adjustments continue atRead more

The Randomness of Real Estate

By admin | Newsletter | Comments are Closed | March 18, 2019 | 0

Let’s Talk Buyers Getting buyers get educated and confident about the market is my number one job. I do a deep dive with homebuyers to understand who they are and what they’re looking for. I get to know them, their dog(s), their kids, watching them bicker, argue, joke, yell- at me, at each other. TheyRead more

How's 2019 Shaping Up?

By admin | Newsletter | Comments are Closed | February 25, 2019 | 0

If you ask sellers, you may hear that the real estate market is horrible If you ask the New York Times, you may hear that the real estate market is capable of producing BOTH horrible results AND the highest sales prices ever in the history of the United States. If you ask buyers, you willRead more

2018 4th Quarter Real Estate Reporting in NYC

By admin | Newsletter | Comments are Closed | January 16, 2019 | 0

What do you need to know about the 4th quarter 2018 report (link is here)? Here is the official BHS Brokerspeak: “Manhattan’s median apartment price fell to $1,050,000 in the fourth quarter, a 5% decline from a year ago. While the average price was up over the past year, this was due to a pickupRead more

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Recent Blog Posts

  • VIDEO: No Supply Problems, No Demand Problems. It’s Only About Pricing. January 1, 2021
  • The Myth of the Desperate Seller – And Other Real Estate Fallacies December 25, 2020
  • Bottom of the Market, Part II – New York is Coming Back, Baby! December 25, 2020
  • Year Over Year: The Real Estate Recovery is WELL On Its Way December 9, 2020
  • VIDEO- Am I Really Calling the Bottom of the RE Market? Yes, I Am. November 30, 2020
  • All Signs Point To A Bottom- And Don’t Just Take My Word For It November 27, 2020
  • Virtual Real Estate vs Brick and Mortar Real Estate Investment- “Unlimited Upside”? November 27, 2020
  • An Inclusive New York City Real Estate Market- A Dream Home For Everyone November 27, 2020
  • Should I Stay or Should I Go? (A NYC Real Estate Market Conversation) November 27, 2020
  • Our Inventory Report: Actual Inventory Levels vs Sales Pace October 29, 2020

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New York City Real Estate | NYC, NY