Browsing All Posts filed under »Market Watch«

Even Flat Growth is a ‘Recession’ – When Prices Hit Bottom and Stay There, Lady Liberty Cries

June 9, 2010

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The more I read about what is to come, the more it seems that there IS another housing recession coming.  Or so I am told. FREEZE.  This is not a dire warning, nor do I mean to infer that prices are heading for another dip.  In some areas they will, and in others, prices should […]

Corcoran’s Monthly Market Snapshot – May 2010

June 9, 2010

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                                                                                                                                                                                                                                                                                                                                                                                                                       The The market has changed a lot in the last year.  Compared to May 2009, May 2010 shows a strong uptick in sales in NYC.  Following up on April’s strength, Sales of Co-Ops were up 16% over last year and Condo sales are up 32% .  The average price per square foot is up 20% […]

Corcoran’s 3rd edition of the Consumer Report – What the People Have to Say

June 6, 2010

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Last week Corcoran dropped the 3rd edition of its Consumer Report, a survey taken online that feels out where consumers are in their search process, what they think about the market, and how they go about interacting with their search from talking ot their brokers and browsing for property. There are also nuggets of basic […]

Renters Back to Paying Broker Fees: Landlord’s Dropping Incentives as Vacancy Drops

June 1, 2010

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While the sale market may still be waffling a bit for the time being, the rental market has been on a bit of a tear of recent.  Apartments are going on and off the market quicker, and rents are having a tough time being negotiated down.  In light of this, the onus of broker fees […]

“Shadow Condos” – Potential Glut of New Condos Coming To Market

May 24, 2010

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Another Crains article is getting the Blumstien Bump today, though this time because it paints a picture more tepid and responsible.  Shadow Condos, a riveting take on the future of Manhattan and Brooklyn sales. Limited to a local supply model, this article has good resoning on its side to warn of a potential drop in sale […]

Is the Rental Market on Fire, or Just Warming Up in that Summer Sun?

May 23, 2010

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Crains New York just came out with an article on the state of Manhattan Rentals* and its dropping inventory.  Dropping you say?  FREEFALLING?  Perhaps the situation is not quite so alarming – after all, the gross change in market inventory is but 0.15%.  But when you consider it is a one month change from March (1.38%) to […]

Up 37% or down 18%? The Difficulties of Trying to Make (and Synthesize) Blanket Forecasts in Real Estate

May 19, 2010

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The difficulties in extrapolating nationwide predictions to your own market are many.

Seasonal Changes in Real Estate

May 7, 2010

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Seasons aren’t just for a steak rub or switching out your wardrobe from storage. They also help align real estate patterns. This The Apple, Peeled article points out how the time of year can affect your search for a new home. To note: beat the summer rush for renting, buy in the spring or summer […]

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