Category Archives: Market Insight

Doug checks in with news from 485 Fifth Avenue, which had been on its way to becoming condominiums: "The sponsor of the condo conversion of 485 Fifth Avenue has filed an amendment to the offering plan abandoning the offering. The … Continue reading →

Now, when homeowners find mistaken information in their listings, they can make updates, and have their information appear immediately adjacent to the public listing information. Zillow Chairman and CEO Rich Barton was the first person to put it to use. … Continue reading →

Les Christie of CNNMoney is checking the early returns of the housing futures markets. The number of investors is small. But early track record is reportedly pretty good, while the predictions for the New York market are not–currently the market … Continue reading →

A few days ago I wrote: "With so much talk in media of bubbles bursting it is hardly surprising that some people might not feel like buying." That same sentiment–that the media might be having an effect on the market, … Continue reading →

Carol Lloyd:"There are certain buyers (myself included) who despise staging. Between its neutral Pottery Barn aesthetic and the thousands of dollars poured down the toilet, frankly, it just seems like a big bowl of wrong. But alas, Shagley is right: … Continue reading →

Doug hasn’t been able to blog today because he has actually been working. He just told me it was the busiest day he has had in six months. Why now? He suggested a variety of reasons, including new property coming … Continue reading →

Jay Akasie reports in the New York Sun: New York City is in for a banner 2007 if the rule holds true that the vigor of the local economy is highly correlated to the year-end bonuses paid to Wall Street’s … Continue reading →

In the last few days, I have had two contracts called off at the last minute, apparently by buyers who got cold feet. Oh, they didn’t say exactly that. But it was pretty clear: In one case the stated reason … Continue reading →