Category Archives: Market Insight

Wall Street Debacle Will Have Ramifications for Manhattan Housing

Posted on September 15, 2008 by Doug Heddings

158 year old Lehman Brothers has declared bankruptcy.  Merrill Lynch has been scooped up in the nick of time by Bank of America.  AIG is also talking bankruptcy.  And who can forget Bear Sterns?  All of the fallout from Greenspan’s "easy money" mortgage … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 6 Comments

What Does Fannie and Freddie Takeover Mean For You?

Posted on September 8, 2008 by Doug Heddings

It is my opinion that given the prices of New York City residential real estate, this takeover will have more psychological than direct economic impact on our market.  That said, it will most certainly have a more direct effect on … Continue reading →

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Less Emotion in Real Estate Market as Buyers Seek Value

Posted on September 2, 2008 by Doug Heddings

When I entered the Manhattan real estate market 16 years ago this week, I was greatly attracted to the personal and emotional elements of the residential real estate transaction.  And over the past 16 years, I have seen the market … Continue reading →

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Today’s Mortgage Market…Think Outside the Boxes

Posted on August 28, 2008 by Doug Heddings

In today’s tighter lending environment, I’m consistently amazed at the number of buyers showing up to see my exclusive properties who have yet to speak with a lending institution or mortgage broker regarding their mortgage needs.  I’m equally amazed at … Continue reading →

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License to Build: Non-Profits No Longer Face Zoning Challenges

Posted on August 27, 2008 by Doug Heddings

Here’s a breaking story that could dramatically change the face of Manhattan real estate and your  very own quiet little enclave.  From Landmark West via The Historic Districts Council blog comes this breaking news: Today, the NYC Board of Standards and … Continue reading →

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The Calm Before the Storm???

Posted on August 22, 2008 by Doug Heddings

My phones are beginning to ring with more frequency and although this is merely anecdotal, I am seeing and hearing evidence that activity may pick up considerably this fall.  I and many of my colleagues are receiving inquiries from possible … Continue reading →

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

Current Real Estate Market Requires More Patience

Posted on August 21, 2008 by Doug Heddings

If you’re one of the few sellers out there who has such a uniquely special (is that redundant?) property to bring to market, then this post isn’t for you because "special" properties that are priced right continue to be snapped … Continue reading →

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

Future of Local Video…Live Feed Tonight

Posted on August 14, 2008 by Doug Heddings

Local Video Advertising To Reach $1.5 Billion by 2012 (Read article) That’s right $1.5 Billion! It’s time to have a fun, but serious conversation about where local video movement is going and how fast movers and creative minds can take … Continue reading →

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

Come Check Out The Future of Local Video

Posted on August 8, 2008 by Doug Heddings
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Extreme Makeover: Foreclosure Edition

Posted on July 29, 2008 by Doug Heddings

The Washington Post today reveals that one of the beneficiaries of ABC’s Extreme Makeover: Home Edition has successfully squandered the equity in their free home which is now scheduled to hit the auction block: Symbolic to our era like a sledgehammer to … Continue reading →

Posted in Market Insight | 8 Comments