Category Archives: Market Insight

Boston Agents Coached to Price Low

The Boston Globe’s Kimberly Blanton reports: The hope is low prices will attract more prospective buyers, leading to faster sales. Other real estate agents in the Boston area report success with similar strategies in a housing market with an unprecedented … Continue reading

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Pete Hamill: Big Things Come and Go, and That’s New York

All over New York, there are people who are upset about this or that building coming or going. I totally understand that urge. But one thing always strikes me: it’s hard to make the case that anything in New York … Continue reading

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I Don’t Know Much About Commercial Real Estate

But I do know that, in the past, the state of commercial real estate market has often been an indicator of things to come in the residential market.  That is precisely why this piece from Globe Street grabbed my attention. … Continue reading

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Residential Property Auctions Gaining Steam?

About 8 years ago I had the privilege of working with a buyer who was also a principal in one of Sydney Australia’s largest real estate firms. Not only was this gentleman stunned at the inefficiencies of the American housing … Continue reading

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Prices Rising While Inventory and Interest Rates Do The Same?

The Second Quarter Market Report prepared by Jonathan Miller of Miller Samuel Appraisers and released by Prudential Douglas Elliman shows that prices, inventory and interest rates are all climbing. Let’s not forget that The Corcoran Report prepared by Mitchell, Maxwell … Continue reading

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Mea Culpa, Mea Culpa

When investing in real estate, it’s difficult to know whom to trust. Josh Barbanell’s Sunday New York Times article about the perceived demand for Manhattan condos Are There Enough Buyers To Go Around? is a good example of how developers … Continue reading

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Cutting Through the Mixed Messages of Second Quarter Numbers

Maybe you’ve seen the latest news about Manhattan prices. One report says Manhattan apartment prices grew in the second quarter; another says they fell. Manhattan Apartments: Second Quarter 2006   Prudential Douglas Elliman Corcoran Group Mean  $1.4 million $1.2 million … Continue reading

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114 Reasons To Price Aggressively

According to Curbed llan Bracha of Prudential Douglas Elliman has reason to celebrate: Despite plunging prices, illegal hotel rooms and a loss of public confidence in condo developments, Page Six says it spotted "Prudential Douglas Elliman’s top broker, Ilan Bracha, … Continue reading

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You’ve Got To Be Kidding Me

Some people still want to be told that housing market is just peachy. Like this guy in Phoenix. This is exactly the type of person who would hire a broker who says (in a sinister voice), “The market is sizzling. … Continue reading

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Financial District = Residential Mecca?

According to Ryan Chittum of The Real Estate Journal Wall Street is starting to feel more like home: The south side of Wall Street from the exchange to the East River is almost all residential now or being converted to … Continue reading

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