Category Archives: Market Insight

6% Can Be Well Worth It

Posted on May 24, 2006 by Doug Heddings

I know, I know, I’m a broker so of course I say that. But this is not the same old argument you have always heard. I have put my money where my mouth is. Please, hear me out. As many … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 11 Comments

Converting the Big House

Posted on May 23, 2006 by Doug Heddings

This grand Post War home boasts low ceilings, iron bars, and cinderblock! In the latest issue of The New Yorker, Kate Julian has an amusing piece on the insanity that has become the latest development boom: …condo and co-op conversions … Continue reading →

Posted in Market Insight | Comments Off on Converting the Big House

Frank Talk About the Building Boom

Posted on May 19, 2006 by Doug Heddings

Photo: Jennifer Breu Manhattan is an island, so the amount of property for sale can’t change all that much, right? Wrong. Not only can little buildings be replaced with big buildings, but rental buildings can be converted to condominiums. Both … Continue reading →

Posted in Market Insight, Podcast | 2 Comments

My Lucrative Mistake

Posted on May 19, 2006 by Doug Heddings

Today I venture out to Amityville (hopefully without horror) to close on the sale of my family’s beach property in Bridgehampton. We purchased this “investor/user” home less than two years ago, and stretched ourselves way beyond our means to procure … Continue reading →

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

Volatile Apartments

Posted on May 18, 2006 by Doug Heddings

Jonathan Miller busts out a “dizzying” chart illustrating volatility, by property size, in the apartment market. His chart compares a single quarter to its previous quarter. He indicates that he may correlate this data in the future with mortgage rates … Continue reading →

Posted in Market Insight | Comments Off on Volatile Apartments

New Listings of the Week

Posted on May 18, 2006 by Doug Heddings

UrbanDigs has a graph showing the new inventory that has arrived on the market in the last week. This graph is incredibly helpful for the entire industry; buyers, sellers, and everyone in between. It should prove continually useful as weekly … Continue reading →

Posted in Market Insight | Comments Off on New Listings of the Week

Keeping Artists in The City

Posted on May 17, 2006 by Doug Heddings

Photo: Jennifer Breu NPR reports New York City is unveiling a plan designed to keep artists from being priced out of their traditional Manhattan haunts. In my opinion the city is a few steps too late. SOHO, Tribeca, the Far … Continue reading →

Posted in Market Insight | 1 Comment

Housing Boycott?

Posted on May 16, 2006 by Doug Heddings

Inman has word of a movement to boycott home purchases. Do these people understand that if they actually get lots of people to do this, rents will go up significantly? Brilliant move… increased rent… no chance of investment appreciation… They … Continue reading →

Posted in Market Insight | 9 Comments

Brokers Starting to Panic?

Posted on May 15, 2006 by Doug Heddings

Property Grunt has word of brokers getting very nervous: Up in the burbs of NYC, brokers are going bats**t since nothing is moving. Even the high end luxury stuff isn’t budging. There is wide spread fear that the market is … Continue reading →

Posted in Market Insight | 2 Comments

Pressure to Lower Prices

Posted on May 10, 2006 by Doug Heddings

Fresh off co-writing an article about how home prices aren’t appreciating as much at the moment, Damon Darlin of The New York Times has an interesting little tidbit on his Times real estate blog, The Walk-Through, about real estate agents … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | Comments Off on Pressure to Lower Prices