With nearly all votes tallied for the 2010 election, it appears as though the House will be held in the majority by republicans. This shift in governance brings ideological changes to how our government will approach a variety of issues. With Real Estate being such an important aspect of wealth in America, undoubtedly new policies will […]
November 1, 2010
Clients and people we meet off the street are constantly asking where to find the next Alphabet City, the next Williamsburg (that hopefully wont stagnate). Those who are thinking more longterm want to find the next good investment, and who could blame them. Our own team has good personal experience with this type of foresight as […]
October 26, 2010
John Paulson, the man who made billions of dollars of the recent financial meltdown, is now encouraging a practice he once shorted for immense personal gain ($3.7B salary in 2007). While many dispute the integrity of someone keeping mum while anticipating a tsunamic meltdown, he is undeniably smart and in tune with the mortgage market, one […]
October 19, 2010
Recently the Joint center for Housing Studies of Harvard University released their State of the Nation’s Housing 2010. It is mind-numbingly thorough – diving into many subfields of housing (new development, resale, reconditioning, foreclosures, etc) and provides a basis for the rational breaking down the data into a myriad of variables (first time buyers, immigrant buyers, joblessness […]
October 6, 2010
A few days ago we wrote about the more confident landlord mindset heading into the fall of 2010. However, due to a small increase in vacancy in the city from the lows of July/August, there was a question of if it would last. Well, an article just released by Reuters discusses how the national vacancy rate […]
September 30, 2010
Another article from the New York Times has come out championing the Landlord’s upper hand in what might be ‘a sign’ of a recovering economy. Concessions for new renters – items like free rent or paid-for broker’s fees – are trimming down as inventory has shrunk from over 2% a year ago. When times are rough […]
June 17, 2010
A recent New York Times article has put into words something we have all been experiencing on both the buyer and the seller side. Buyers have motivated sellers by the throat as inventory stays high and real buyers, those that were able to get approved on a mortgage or have cash are harder to come […]
June 9, 2010
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 […]
May 24, 2010
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 […]
May 19, 2010
The difficulties in extrapolating nationwide predictions to your own market are many.
November 3, 2010
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