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Browsing All Posts filed under »The Blumstein Take«
Even Flat Growth is a ‘Recession’ – When Prices Hit Bottom and Stay There, Lady Liberty Cries
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
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
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
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 […]
Sydney Sense: Do you still need a Real Estate Agent?
May 28, 2010
With the advent of search engines like: StreetEasy, PropertyShark, Trulia, Real Estate has finally been given to the masses. Buyers and renters can now run searches on individual buildings, check out sales and rental listings and even create a comparables report in only a few minutes on the internet. The real estate business, which was […]
Investment Opportunity – 326-328 East 4th Street
May 25, 2010
Investment Opportunity in Alphabet City, East Village, New York City.
“Shadow Condos” – Potential Glut of New Condos Coming To Market
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 […]
Is the Rental Market on Fire, or Just Warming Up in that Summer Sun?
May 23, 2010
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
The difficulties in extrapolating nationwide predictions to your own market are many.
The Real Deal News Feed
- The Daily Dirt: Heat pumps only $54K apiece
- NYC’s top deals: West Village townhouse trades for $19M
- Baccarat condo owners say Floyd Mayweather owes over $300K in rent
- Brookfield throws in $173M to refi Brookfield Place tower
- JPMorgan expands at Brookfield’s 5 Manhattan West
- Trump blowback triggers good cause eviction
- The Daily Dirt: Senate housing chair won’t run for reelection
- NYC’s top deals: UES co-op sells for $11M
- Empire State Realty eyes $350M for Billionaires Row office building
- After eviction threat, Al Sharpton’s National Action Network makes way for One45 project
This Braswellian Life 
June 9, 2010
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