From the category archives:

Market Trends

2012 in NYC real estate: The year of “eh” with pockets of “wow”

by Honeycrisp January 24, 2012

Interest rates will hit their historical lows in mid-2012:  Yes, the interest rates have been lower for longer than anyone had expected.  When is the bottom going to come?  We’re calling it for mid-2012.  We anticipate that the first half of the year will be dominated by worries of Europe’s and the Euro’s fate, increased [...]

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“Renters’ delight! Concessions galore!”

by Red Delicious January 3, 2012

Boy is it a renter’s market!  What’s not to like about 2-3 months of free rent in condo like properties, and for no fee? You don’t say! … Oh wait, that’s right: that was 2 years ago! Today’s market is a far reach from the bounties that were offered during those golden days.  It’s also [...]

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Our 3rd Annual New York Real Estate Jingle: the 2011 edition

by Honeycrisp December 22, 2011

T’was the night before new years’, and for the third year in a row New Yorkers relaxed with a glass of Bordeaux. ‘not that real estate blossomed or soared to new highs Nor that our dear economy was back on the rise. No, this complex and sweet oenological treat Comes from having merely avoided defeat. [...]

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We’re calling it: the return of bidding wars!

by Empire December 21, 2011

What’s that? Is it a bird? Is it a plane? No, it’s the return of the bidding wars.  That’s right – we’re bold apples – we’re courageous – we’re putting a stake in the ground and calling the beginning of bidding war season.  We’re already seeing this trend rear its head in a few deals [...]

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Brooklyn’s housing market galloping along like Santa’s reindeer

by Empire December 8, 2011

It used to be that Brooklyn was the safe bet for phenomenal purchase deals versus the Manhattan value proposition … those kind of deals that those who bought in Manhattan back in the 80′s can brag about to the envy of their friends.  Bragging rights no longer for today’s Brooklyn buyers.  In fact, we would [...]

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A MasterCard Moment for all you renters out there

by Honeycrisp November 28, 2011

So now you’re probably thoroughly depressed after understanding the state of the rental market today.  And yet there’s always a reason to be thankful, turkey or not.  And here is that reason: if there’s any price negotiation to be had, it’s during the holiday season when no other renters want to move.  This is the [...]

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When landlords go for the bling bling: upgrades come with up-prices

by Empire November 8, 2011

Not so long ago, we declared the extinction of the mom-and-pop landlord.  We did so based on the luxuryification of rental buildings (think condo-quality “Class A” rental inventory) and the high cost of maintaining them competitively.  What we’re now seeing is a swath of “Class B” rental buildings looking to leverage this strong rental market.  [...]

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BREAKING NEWS: if you haven’t refinanced yet, do so this week!

by Honeycrisp November 1, 2011

We always like keeping our ears on the ground and our savvy mortgage sources tell us rates are plummeting … now! today!  25 basis points in one day kind of plummeting … and likely to do so even more through the end of the week.  We’re talking jumbo conforming rates at 4% or below, and 7/1 [...]

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Wherefore art thou, inventory?

by McIntosh October 18, 2011

We’re well past Labor Day.  You know what this means, right?  No, not the passé no-more-wearing-white-pants rule:  the explosion of new listings coming on the market!  Time to cheer and break out the bubbly at the abundance of fresh meat from which buyers can pick.   Except there’s a problem with that … we’re not seeing [...]

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Appraisal jam: multiple appraisals asked for the same property?

by Red Delicious October 6, 2011

As you may know, our team has a collective 30+ years of experience in the real estate industry. You could say we’ve seen it all … until now, that is. Thankfully, we had an amazing August; during the month, we encountered three, count them, three requests for doubling up on appraisals. To spell this out [...]

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