Published in Market Reports·Apr 5, 2022New York Real Estate Market Remains A Juggernaut In The First QuarterInventory is up. Mortgage rates are up (and climbing.) Do these indicators presage a slowdown in the white-hot New York City real estate market? Will the uncertainty around the ongoing Ukraine war freeze homebuyers in their tracks? How have buyers and sellers fared during the first quarter of 2022? Sales…New York City Real Estate4 min readNew York City Real Estate4 min read
Published in Fred on Forbes·Feb 24, 2022Bye, Open Floorplan: How Real Estate Buyers’ Priorities Have Shifted Throughout The PandemicWhen the first iteration of the coronavirus descended on New York City in March 2020, almost two years ago, commerce pretty much ceased. No one went to stores. No one went to restaurants. In fact, no one except essential workers went much of anywhere at all. The city and its…Real Estate3 min readReal Estate3 min read
Published in Fred on Forbes·Feb 1, 2022The Dream Of Homeownership Is Still Alive: What To Keep In Mind Before Pulling The TriggerHomeownership lays the cornerstone to prosperity for most American families. The home becomes not only the locus of family life and pride, but also a source of funds in difficult times and a substantial inheritance for family members at the end of the homeowner’s life. Our financial system has been…Homeownership4 min readHomeownership4 min read
Published in Fred on Forbes·Sep 20, 2021September 11th, The Pandemic, And New York City’s Timeless ResilienceOur city has many lives. September 11, 2001, started like any other Tuesday. We had office meetings planned; they were to begin at 9:30 AM. But by 9:15, the day had switched from normal to surreal. …September 114 min readSeptember 114 min read
Published in Fred on Forbes·Aug 24, 2021Revitalized NYC Real Estate Faces Thinning Supply And Increasing Demand In Q3 2021During the week ending August 16th, Manhattan saw 282 listings added to its real estate roster, while 302 contracts were signed, almost 100 more than the historical average (see chart courtesy of UrbanDigs below). This suggests the residential real estate version of an inverted yield curve, and it has been…4 min read4 min read
Published in Fred on Forbes·Aug 2, 2021The Co-Brokerage System Is Under Attack — And The Beneficiaries Are Not Who You Might ThinkReal estate agents perform a critical function in the American housing landscape, bringing buyers and sellers together and making certain each side is responsibly represented. Recently, however, a number of class-action lawsuits and a Department of Justice (DOJ) investigation have been initiated against all the largest national real estate brokerages…4 min read4 min read
Published in Fred on Forbes·Jul 28, 2021Sale Prices And New York City Co-Op Boards: A Reality CheckThe clients suited the property perfectly. They had strong liquid assets, excellent jobs, and lovely reference letters. They seemed like a shoo-in for the board of the pleasant, undistinguished Carnegie Hill co-op in the East 90s. But the board rejected their package. In absolute bafflement, their agent tried to unearth…3 min read3 min read
Published in Market Reports·Jul 7, 2021New York City Real Estate In Q2 2021: One Of The Hottest Springs On RecordThe arrival of July 1 marks the end of one of the most remarkable quarters in New York real estate history. Every week since February has seen more than 30 contracts signed at $4 million and over, the most extraordinary run since before the 2008 recession. And it’s not just…4 min read4 min read
Published in Fred on Forbes·Jun 28, 2021Buyers, Act Fast And Be Bold: Today’s Real Estate Market Doesn’t Wait For AnyoneOriginally published on Forbes. Half of all homes sold in the U.S. today trade at over the asking price. There are, on average, a little over five offers for every home sold in 2021. Days on market, historically averaging around 60, now stand at 20. All these statistics, from NAR…3 min read3 min read
Published in Fred on Forbes·Jun 15, 2021‘Too Complicated’: Discrimination Against LGBTQ+ And Other Groups By NYC Co-op BoardsOriginally published on Forbes Every June, New Yorkers celebrate Pride. From the extraordinary bravery of the young people at Stonewall, through the terrible years of the AIDS crisis when everyone in New York lost friends or neighbors or family, to the creation of GMHC and ACT UP, New York has…NYC3 min readNYC3 min read
