Author Archives: Doug Heddings

Carnival of Real Estate #61

Posted on October 1, 2007 by Doug Heddings

I have totally been lax about posting the Carnival of Real Estate since shortly after I hosted it more than a year.  I will try to be more diligent in sharing.  So the Carnival is up at Mortgage Insider.  Check … Continue reading →

Posted in Market Insight | 2 Comments

Discount Brokers in a Slumping Housing Market

Posted on September 28, 2007 by Doug Heddings

The news this morning from The Wall Street Journal that New-Home Sales Hit 7-Year Low paired with yesterday’s news of discount broker Foxtons going out of business makes me wonder if any discount model can survive in a slumping housing market.  … Continue reading →

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$1.5M Will Provide Security During Apocalypse

Posted on September 27, 2007 by Doug Heddings

From BoingBoing comes word of a Titan missile silo for sale for $1.5M. Here’s what you get: Above ground is the original 40 X 100 shop building, two concrete targeting structures, two manufactured homes, two 8 X 8 X 40 storage … Continue reading →

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BREAKING NEWS: Foxtons Out of Business

Posted on September 27, 2007 by Doug Heddings

Full service real estate agents across the country will be heard partying into the wee hours after the announcement that Foxtons is DEAD!  Another discount model goes belly up.  Check out Foxtons done in by housing slump (Asbury Park Press) Foxtons, … Continue reading →

Posted in Market Insight | 4 Comments

Desperation Pricing By New Agents

Posted on September 27, 2007 by Doug Heddings

Making sense of the state of the market in Manhattan has proven to be a daily challenge.  Talk of Wall Street layoffs and meager bonuses, the current credit crunch, and Fed attempts to buoy the economy are just some of … Continue reading →

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New York City Council Protects The Ariel’s Views

Posted on September 26, 2007 by Doug Heddings

Ray Rivera of The New York Times reports that the City Council has voted unanimously to limit high rises on the Upper West Side.  The City Council unanimously passed a rezoning plan yesterday that limits the spread of high-rise buildings along 51 … Continue reading →

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Smart Homes from OpenHouseNYC

Posted on September 25, 2007 by Doug Heddings

Like most guys I know, I’m a huge fan of technology and this week’s clip from OpenHouseNYC delivers some fun stuff to "trick out da crib" (did I just type that?) with the latest tech gadgetry: In this Floorplan segment, … Continue reading →

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More Support for “Realistic” Pricing

Posted on September 24, 2007 by Doug Heddings

Friday’s post has generated a bit of buzz regarding seller’s expectations in softer real estate markets.  Coincidentally, Austan Goolsbee wrote A Reality Check for Home Sellers for The New York Times this weekend.  So why do seller’s often choose to ignore … Continue reading →

Posted in A Broker's Job, Dirty Real Estate Tricks, Market Insight, Tips & Advice | 1 Comment

A Real Estate Convo Reminiscient of 1992…UH OH!

Posted on September 21, 2007 by Doug Heddings

At the end of the day yesterday I received a phone call from the son of prospective sellers who own a luxury one bedroom condominium on the Upper West Side of Manhattan.  This is precisely the phone call that I … Continue reading →

Posted in A Broker's Job, Dirty Real Estate Tricks, Market Insight, Tips & Advice | 3 Comments

Can the Fed “Control” Our Free Market Economy?

Posted on September 20, 2007 by Doug Heddings

I have received so many emails in the past 24 hours from readers, clients, friends and family regarding the David Leonhardt story in The New York Times, Will the Fed Reverse the Housing Slump?  The Federal Reserve sent the stock market soaring … Continue reading →

Posted in Market Insight | 4 Comments