Category Archives: Market Insight

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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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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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

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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