Category Archives: Market Insight

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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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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More Manhattan Real Estate Inefficiencies

Posted on September 7, 2007 by Doug Heddings

I have penned with some frequency about the many inefficiencies that exist in the New York City real estate market and the frustration continues with property managers.  My team and I seem to be hitting a wall with numerous property … Continue reading →

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Q2 PropertyShark Walk-Up Apartment Report

Posted on September 6, 2007 by Doug Heddings

Note some key takeaways and quote from PropertyShark CEO, Ryan Slack: • Sales Volume: The market for NYC walk-up apartments was very active in the second quarter of 2007, with 21.14% more transactions than the first quarter of 2007 and … Continue reading →

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Thursday Link-O-Rama

Posted on September 6, 2007 by Doug Heddings

Not enough time to come up with anything original today.  Busy trying to finally get the TrueGotham TV pilot shot (looks like it’s FINALLY happening next Friday) and of course I have to tend to my sellers who are ready … Continue reading →

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Ignorance is Anything but Bliss for Many Borrowers

Posted on September 4, 2007 by Doug Heddings

I can’t resist sharing MMI: Staying Ignorant in Five Easy Steps from Calculated Risk which exposes the numerous holes in a recent MarketWatch report about qualifying for a mortgage in today’s credit crisis (and it is a crisis) which begins … Continue reading →

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ONE MILLION DOLLARS…ah ah ah ah ah…for a Summer Rental!!!

Posted on August 30, 2007 by Doug Heddings

Just couldn’t resist sharing this news of a record breaking summer rental in the Hamptons (via The Real Deal). A Hamptons waterfront luxury rental for Memorial Day to Labor Day hit $1 million this season, a record. The Southampton house … Continue reading →

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