Category Archives: Market Insight

Hamptons Not Immune to Market Forces

Posted on October 30, 2008 by Doug Heddings

The 3rd Quarter Hampton and North Fork Overview has been released by Prudential Douglas Elliman and Miller Samuel. Highlights: The Hamptons/North Fork market continued to show weakness this quarter as evidenced by the decline in price indicators and number of … Continue reading →

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The Two Faces of Residential Real Estate

Posted on October 28, 2008 by Doug Heddings

I’m two-faced!  That’s right, I said it.  But now let me explain.  In today’s very bizarre world of Manhattan real estate where everyone is trying to make sense of the market’s conditions and direction, I am finding myself sending mixed … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 7 Comments

Still Trying to Make Sense of Manhattan Real Estate

Posted on October 23, 2008 by Doug Heddings

Oh what a difference a few weeks makes… On September 29th I posted Making Sense of Manhattan Real Estate and described how incredibly busy I was on the day the Bailout Package was originally rejected.  Well it has been 3 weeks, … Continue reading →

Posted in A Broker's Job, Market Insight | 7 Comments

3Q 2008 Manhattan Market Reports

Posted on October 3, 2008 by Doug Heddings

Well, the big 3 have released their Manhattan Market reports this morning and here they are: Prudential Douglas Elliman Halstead Corcoran Again, we would assume the same data sets but the results are not exactly in line.  Prices were (past … Continue reading →

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Selling Real Estate vs. Pulling Teeth

Posted on October 2, 2008 by Doug Heddings

It’s no secret that buyer psychology has shifted to a more cautious perspective in light of the recent economic developments.  Although I remain busy, I must state that selling real estate in today’s market is often more difficult than pulling teeth.  That said, I’m … Continue reading →

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Making Sense of Manhattan Real Estate

Posted on September 29, 2008 by Doug Heddings

The Bailout plan has been rejected (via WSJ) and it’s no surprise that the stock market has plummeted on the news.  So why am I still so busy?  I can’t answer that except by updating my current transaction activity (by current, I mean … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 2 Comments

POLL: The Near Future of Manhattan Real Estate

Posted on September 26, 2008 by Doug Heddings

Thanks to my friend and colleague Peter Comitini for designing this poll. Do you believe that the value of Manhattan homes two years from now will be… ( polls) The poll is being posted here, at UrbanDigs and at Comitini.com.

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Sellers have 4 Options in Declining Market

Posted on September 23, 2008 by Doug Heddings

If you’re selling your home in a declining market, you have 4 options to consider if your home is not selling: Aggressive Pricing:  Pricing the property aggressively below competition will drive home the perception of value to prospective purchasers. Rent:  … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 7 Comments

The New Dollar

Posted on September 22, 2008 by Doug Heddings

Sent to me this morning from a friend on Wall Street is this design for the new US dollar bill: The five dollar bill is of Lincoln’s backside!

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Offers Being Made and Contracts Being Signed

Posted on September 19, 2008 by Doug Heddings

In the past week, I have received a few emails and comments from readers questioning my credibility purely because I refused to panic and spew negativity here on TrueGotham.  I think my track record speaks for itself so I’m not going … Continue reading →

Posted in Market Insight | 4 Comments