Blog

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

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

I love New York City. I really do. And I believe that there has never been a better time in the history of New York City to live here. Yes, we no longer talk to each other. You can live as a shut-in very nicely now. But putting all of the loneliness and social distanceRead more

A buyer comment yesterday: “I have some concerns that the market is going to stay soft for the next 2-3 years. I’m considering just renting and seeing what happens.” I’ve heard some flavor of this from way, way too many buyers. Another way to put this question is, “So when is the market going toRead more

175 East 62nd Street 9A My team and I just brought a gorgeous new property to market at 175 East 62nd Street. This building, also called The Victoria, is on the corner of 3rd Avenue, now just one block from the Q train, an incredibly central location on a very cute block with excellent coffeeRead more

To speak to Scott about buying or selling, click here Let’s talk about buyers again this month and buyer psychology. I have been selling properties for over 16 years, and buyers seem as skittish as they have ever been. What gets buyers off the sideline is a sense of value. But what gets them toRead more

For those who look at the New York City Housing Market all the time, like me, it would be nice if there were some better sense of a direction in which the market is moving. However, it has been a month, perhaps a year even, of mixed messages. How much of the news is noise?Read more

When the tax plan first came out, my initial reaction was mostly a freak out. Something like this: Oh my! The market could drop significantly! The suburbs will be destroyed! It could be a bloodbath! And a lot of buyers and sellers came to ask what I thought could actually happen as a result. AsRead more

Powered by OpenReel   This month, we have fun looking at a few interesting items that have lined up: Inventory is at a 5-year high Time on market hasn’t changed much Mortgage rates are up Stock Market is Up Prices are flat to down. It seems that the planets have lined up for buyers toRead more

I made a video two months ago talking about the tax reform bill that passed. In it, I was very concerned about its impact on the NYC Housing Market. Perhaps I was a bit overdramatic about it, given what I’m seeing, or not seeing, over January and February. I’m quite excited that some of youRead more