I’m insanely busy right now as the market continues to defy odds. I find myself in the midst of a 2nd "highest, best and final" scenario on behalf of my sellers in as many weeks and it appears that this property will also sell for a number above the asking price. So here are some interesting reads for the day and I will be back tomorrow with some interesting original content:
- Check this piece out from the New York Times…New York hostile to pedestrians?
- Via Inman, 60 minutes is doing a real estate expose featuring companies like Redfin who aim to change the rules of the industry.
- 22,000 new rent vouchers to be handed out to help low income New Yorkers stay in New York!
- According to the New York Times, 35 years ago was the best time to buy a house.
- The first "attendant free" robogarage is set to open in Chinatown!
- Not ALL realtors are liars and cheats. I told all of you that!!!
- Zestimates say SF and LA have more million dollar homes than NYC. Could it be? I’m not yet confident in Zillow or their "zestimates" particularly because there are so few NYC properties even listed on Zillow and something that I listed at $1,995,000 had a zestmated value of under $200,000 last time I checked. Zillow has a long way to go still.
- And last but definitely not least, you have to check out this video from Housing Panic (via Euro Pacific Capital) featuring David Lereah of the NAR and Neal Cavuto of Fox vs. Peter Schiff who thinks the housing market (which market I ask because there is NO "national" market) will burst and collapse by 50-70%… WHAT? I’m not a big fan of any of these characters but perhaps reality will fall somehwhere in the middle?