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Blog

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

Resales vs New Developments; Rates vs Prices; Patience is Key.

By admin | Newsletter | Comments are Closed | March 23, 2017 | 0

I think Heraclitus wrote: “The only constant is change.” Much better than I would put it, and apropos of what’s shifting in the NYC housing market. As I experience and watch the housing market in Manhattan and Brooklyn, travel from neighborhood to neighborhood, I realize the challenge that even I face to be able toRead more

My Experience With the New Streeteasy Agents Program? A Gate Has Been Lowered Over the Moat

By admin | Newsletter | Comments are Closed | March 22, 2017 | 0

As I wrote about last month, Streeteasy rolled out a customized version of a program for real estate agents, similar to what they are doing branded as Zillow or Trulia across the country. March 1st, agents were able to “purchase” zip codes. Actually, they were able to purchase a percentage of the time that theirRead more

Risks Lenders are Trying to Help You Solve

By admin | Newsletter | Comments are Closed | July 19, 2015 | 0

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

Why Lending is Top of Mind in March

By admin | Newsletter | Comments are Closed | March 21, 2013 | 0

I recommend to my buyers to assemble their team and organize their finances completely before they set out to find an apartment. This includes creating an updated balance sheet, getting as specific as possible on the ideal apartment with me and my team at Brown Harris Stevens, speaking to a real estate attorney so he/sheRead more

New Development Round Up December 2012

By admin | Newsletter, Uncategorized | Comments are Closed | December 17, 2012 | 0

What most excites me about 2013? The election is behind us. If we’re all still here on Saturday, the Mayans were wrong. The Hobbit and Les Miserables are in theatres. What else is there, really? Well, New Development. We will see more and more in 2013, thank goodness. While much will be made of theRead more

Adventures in refinancing and Rates Right Now

By admin | Newsletter | Comments are Closed | October 14, 2012 | 0

There is no better way to understand your clients’ adventures with lenders than to be a borrower yourself. I took that to heart this month as I closed a refinance on an investment property. My learnings, especially compared to the perspective of purchasing investment property in 2006-2007, were as interesting as they were frustrating. ThisRead more

Mortgage Rates – how long will they stay this low?

By admin | Newsletter | Comments are Closed | September 19, 2012 | 0

On the 13th, the Federal Reserve announced that they would continue buying Mortgage-Backed Securities in the amount of $40 BILLION per month. This policy apparently will be in place for some time to come. This policy directly impacts development, the condo market in NYC, and what’s available to buyers in terms of mortgage rates. WithoutRead more

Thoughts on One-Bedrooms

By admin | Newsletter, Uncategorized | Comments are Closed | June 7, 2012 | 0

Well, I’ll comment on my experience over the last few weeks with one-bedrooms. People are out, buyers are buying. Lenders are lending, and coops, on the whole, are approving. While I have seen two board turndowns in the last 4 months, both had their reasons. 1st turndown- coop board decided that they didn’t want aRead more

Touching Historic Lows Again

By admin | Newsletter | Comments are Closed | May 15, 2012 | 0

The mortgage rates are again at super duper lows. This is surely driving refinances. As the market inventory sags, it appears that low rates will be the second big driver of price increases. Yet with no real indication of rate increases beyond normal fluctuations, and various indications that the pain in Europe will cross theRead more

Recent Blog Posts

  • (VIDEO) The Last Greatest Real Estate Deal in the United States (Hint: It’s Manhattan) June 29, 2022
  • (VIDEO) Our Big Win of the Month! “The Search” Goes Upper East Side June 29, 2022
  • What Are You Waiting For? Math of the Month- Mortgage Rates vs Sales Prices June 28, 2022
  • (VIDEO) Visionary Brokerage Is For Times Like These May 31, 2022
  • The New Waldorf-Astoria Towers – and The Resurgence of Midtown May 30, 2022
  • When You Can’t Let Go of Your Apartment- Or Your Stuff. May 30, 2022
  • (VIDEO) Trading Masks for Armor? The Battle For New York Real Estate is On. April 29, 2022
  • Miami Comes To New York- In The Form of Regulation April 27, 2022
  • My First New York City Real Estate Deal April 27, 2022
  • The Flight To Quality, and 4 Other Good Reasons Why the RE Market Stays Strong in 2022 in NYC March 30, 2022

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New York City Real Estate | NYC, NY