Blog

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

In years past, we have seen a very active “Spring” market starting as early as February. I’ve seen a busy buying season that didn’t miss a beat all the way through the summer, when it felt like no matter when a unit hit the market, that there was a flood of buyers through an openRead more

The Spring Market is typically our strongest in NYC, and as I’ve gathered from most housing markets, the strongest everywhere. People want to buy so that they can move in during the summer months, do small renovation work, and get settled before the school year. So here we are. Our latest report on how fastRead more

This month, I’m finding it a bit hard to get away from the sense that the market remains schizophrenic, or that perhaps the market is driving people crazy! I’ve already covered what’s happening out in condo-land, but what about cooperatives? What about 1-2bedroom units? What does the future hold? Trying to be contrarian, I’ve beenRead more

This month, I am combining a market check-in with my new development updates. Some main market views: Two bedroom / One-bath units are just about back to 2008 numbers. They should surpass them by end of the Spring. Cooperative One bedroom pricing has vastly improved, but still has a way to go overall. Downtown pricingRead more

Happy New Year! Dear clients, friends, and readers: I have loved consistently delivering a newsletter mid-month for all these many months and years, as it gives my voice a little more room to resonate, when I’m not competing with quarterly reports, and the noise of beginning-month missives. A snapshot of this busy market With theRead more

I was lucky enough to run my 11th marathon this past weekend in Minneapolis (translation: Cloudy Water, for those who didn’t know). A gorgeous town before the snow hits, with neighborhoods that are built around lovely lakes.   Twin Cities Course And as I head to Boston while I’m writing this for a conference, I’veRead more

So we were discussing the possible motivators at the high end. Clearly, the sales which have recently recorded, or units gone into contract have motivated some sellers to list. For example, we have a combination at 502 Park; an absurd price at 50 Central Park South, given the Steve Wynn purchase recently; Lots of greatRead more

Something I wrote a few days ago- If I were to sum up the Real Estate Market in few words, I would say “Summer? What Summer?” I meant that despite this being the hottest summer on record, the market seems to have continued apace. Now that we’re in August, I’m not sure that’s exactly true,Read more

I’ve been meeting with sellers over the last few weeks who are facing the reality of selling their apartment. They have outgrown their home, they need to downsize, divorce, kids, windfall event- all the life-event drivers of the market. At the same time, my buyers, across the city, are scratching their heads- where is theRead more