Author Archives: Doug Heddings

Combining Apartments from OpenHouseNYC

Posted on September 19, 2007 by Doug Heddings

In my 16 years in the Manhattan Real Estate industry, I have sold numerous apartments to next door neighbors so that they could expand their square footage and stay in their current zip code.  This week’s OpenHouseNYC episode provides some … Continue reading →

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What’s Wrong With This Picture?

Posted on September 18, 2007 by Doug Heddings

This is precisely what is WRONG with my industry!!!  I just received this email in my In-box for the 3rd or 4th time in the past several days: Subject: "Price reduced by $2 mln….MUST SELL!!!": REDUCED FROM $6,400,000 to $4,500,000 … Continue reading →

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All Eyes on Earnings as Housing Predictor

Posted on September 18, 2007 by Doug Heddings

It’s no secret that a large contributing factor to the strong Manhattan real estate market has been Wall Street’s success.  So it’s no surprise that we are eagerly awaiting earnings reports this week from the major Wall Street brokerages to give … Continue reading →

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Increasing Inventory May Yield Buying Opportunity…Soon

Posted on September 17, 2007 by Doug Heddings

A quick morning check of Manhattan listing inventory yielded the following information: There are currently 7,784 active Manhattan property listings (inclusive of co-ops, condos and townhouses) Summer inventory:  June saw 795 new listings, July 901 and August 1058. From Labor … Continue reading →

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Miller Samuel Manhattan Townhouse Report 1997-2006

Posted on September 14, 2007 by Doug Heddings

The Townhouse Report is back and the numbers are staggering.  And to think 10 years ago I showed a client a Harlem Townhouse for $130,000.  I should have bought it myself!

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Are Developer’s Actions a Crystal Ball?

Posted on September 14, 2007 by Doug Heddings

Bradley Hope of The New York Sun reports this morning that the Market Tilts to Buyers of Real Estate.  A catchy title indeed but I and my colleagues have plenty of frustrated buyers who sit patiently on the sidelines awaiting … Continue reading →

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L’shanah Tovah

Posted on September 13, 2007 by Doug Heddings

Happy New Year to all of TrueGotham’s Jewish readers (although most won’t be reading today).  For those who aren’t Jewish, Rosh Hashanah is the beginning of the Jewish New Year and the beginning of a period of reflection, introspection and … Continue reading →

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Pricing Property: NY Mag’s Triple Assessment from OpenHouseNYC

Posted on September 12, 2007 by Doug Heddings

I have always recommended to my prospective sellers that they interview multiple agents when determining who is best suited to represent them with the sale of their home.  One of the reasons for this is to get some collective concept of … Continue reading →

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9/11

Posted on September 11, 2007 by Doug Heddings

Reflect and Remember… Peter Comitini at Comitini.com has a 5 year 9/11 photo journal that can help you do just that.

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Co-ops, Sub-Prime and Effects on Real Estate Pros

Posted on September 10, 2007 by Doug Heddings

From the September Real Deal comes an excellent piece from Alison Gregor on How the Sub-prime Fallout Will Effect Real Estate Pros. Since delinquencies among sub-prime loans that had been packaged and resold on secondary markets reached fever pitch this … Continue reading →

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