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Author Archives: Doug Heddings
Getting a Bead on the Manhattan Market
Jonathan Miller’s absorption and days on market chart is impressive and important. He’s a master at providing untainted, honest numbers that give accurate information about “current” market conditions. An incredibly useful tool for the entire real estate community, including sellers … Continue reading
Posted in Market Insight
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Manhattan’s Precious Commodity Du Jour: A Decent Rental
With vacancy rates at unbelievable lows and a very tight rental market resulting in an anticipated 5.3% increase in rents this year according to the NAR (always have to include this disclaimer), many of those who had hoped to stay … Continue reading
Posted in Market Insight
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TrueGotham Reads Five Flights Up
A while ago we blogged about Toni Schlesinger’s new book Five Flights Up. It’s a series of off-beat interviews with real New Yorkers about where they live. One of the recurring topics is: how can you afford this place? One … Continue reading
Posted in Market Insight
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Rent Control for Millionaires
Nora Ephron really started something with her New Yorker article about all those wealthy New Yorkers with rent-controlled apartments. On the Walk-Through, Damon Darlin discusses a follow-up op-ed column, by John Tierney, in today’s New York Times. Quoting Tierney’s column: … Continue reading
Posted in Market Insight
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The Real Estate Wire: Manhattan
Some stories of note from the last few days: “75% of home buyers use the internet as part of their search”: Getting the Facts Right. Rentals and high-end sales are humming: Stephanie Rosenbloom reports. HH Realty Group wanted to vomit … Continue reading
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Zillow Fails a Test Drive
I have heard a lot of media buzz about Zillow.com, so I gave the site a look-see. Fancy, very cool, but wow! There numbers and basic facts are way off. I decided to conduct a little experiment. I searched the … Continue reading
Posted in Market Insight
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Inman and Pricing Techniques
Inman News has got some questions about pricing property: The price is right, or is it? Home sellers often look to real estate agents for guidance in how to price their homes. We’ve heard an earful about what you think … Continue reading
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Someone You Can Trust: A Message from the NAR
And now a message from the National Association of Realtors: The National Association of REALTORSÆ Public Awareness Campaign takes another important step forward in 2006. This year’s campaign has added two important communications components. The first new addition to the … Continue reading
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When Foreclosure is on the Horizon, Act Fast
James R. Hagerty of The Wall Street Journal Online talks about the business of buying foreclosures, which can be extremely lucrative for investors–but to my way of thinking less so for homeowners in trouble: Advocates for the poor, as well … Continue reading
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Don’t Wait for the Crash
On the Walk-Through, Damon Darlin reiterates a good point: Columnist Carol Lloyd notes that even if prices drop significantly, they have appreciated so much over the past few years that the people who couldn’t afford a house in 1997 won’t … Continue reading
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