Category Archives: Market Insight

Life in the River House

Posted on May 9, 2006 by Doug Heddings

Curbed.com had a little mystery going as to which building had the $39 million eight-bedroom duplex on the east side. As Curbed has since figured out, that building in those photos is clearly the River House. The City Review describes … Continue reading →

Posted in Market Insight | 7 Comments

Convinced it’s a Bubble? Have a Hedge.

Posted on May 5, 2006 by Doug Heddings

If you have a big mortgage and not a lot of equity, you might be feeling a little squeamish about all this talk of soft markets. In The New Yorker, James Surowiecki describes some new ways you might be able … Continue reading →

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Condominium Conversions Alter the Social Fabric of Manhattan

Posted on May 1, 2006 by Doug Heddings

Josh Barbanel of The New York Times catches up with the rising tide of condominium conversions in Manhattan. It is one of more than 60 pending condominium conversion projects in Manhattan listed by the New York State attorney general’s office, … Continue reading →

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Strict Co-op Boards and Softening Markets

Posted on April 28, 2006 by Doug Heddings

Through the recent years of incredibly high demand, many co-op boards have become more discerning than ever. By weeding out many of those who’d like to buy shares in their buildings–often without clearly stated reasons–I believe co-op boards are contributing … Continue reading →

Posted in A Broker's Job, Market Insight | 6 Comments

First Hand Experience: Developers Becoming “Negotiable!”

Posted on April 27, 2006 by Doug Heddings

Yesterday I accompanied a VIP buyer on a series of appointments to some new development projects in the West Village, Soho, and Tribeca areas. The on-site agents, showing us the property, echoed one sentiment again and again: “if you are … Continue reading →

Posted in Market Insight | 1 Comment

Manhattan is a Special Market

Posted on April 26, 2006 by Doug Heddings

Here’s an excerpt of what you’ll hear in the latest episode of the TrueGotham podcast, in which Douglas Heddings explains some of the ways the Manhattan real estate market is different from the rest of the nation: 85 percent of … Continue reading →

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Existing Home Sales Up O.3% HOLY COW!! The Market is SIZZLING!!

Posted on April 26, 2006 by Doug Heddings

Not really. Increased buying in inexpensive markets may have indeed sparked this ever-so-slight increase but I would speculate based on New York City activity that the modest increase in buying is also attributable to increased negotiability in prices for buyers. … Continue reading →

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Jane Jacobs on Modern New York

Posted on April 26, 2006 by Doug Heddings

In Jacobs’ obituary, Douglas Martin of The New York Times explains her legacy: In her book “The Death and Life of Great American Cities,” written in 1961, Ms. Jacobs’s enormous achievement was to transcend her own withering critique of 20th-century … Continue reading →

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The Real Estate Bubble: Don’t Believe Your Own Hype

Posted on April 25, 2006 by Doug Heddings

Have you ever read something and wondered, is this real? Timothy Ellis of the Seattle Bubble had exactly this reaction to a recent email he received. Quite frankly, Timothy wasn’t the only one astonished by what “Mr. F” had to … Continue reading →

Posted in Dirty Real Estate Tricks, Market Insight | 2 Comments

Upmarket Downtown

Posted on April 24, 2006 by Doug Heddings

According to Forbes, downtown Manhattan has four of the most expensive zip codes in the country: 10013 is 12th 10007 is 19th 10012 is 31st 10006 at 48th In 10013, the median home sales price in 2005, according to Forbes, … Continue reading →

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