Market in Limbo!
As we begin the active season, the cumulative number of listings hitting the Manhattan residential real estate market appears to be back in-line with previous years. Please do not misinterpret this as “recovery.” It is not. With demand way down from where we were this...
Will more listings shift leverage?
January ending means we are officially at the beginning of the spring real estate market. We are very ready! Hope you are too. In our last newsletter, we put out a “buy” signal for people that are serious and ready to go. Sellers can get a deal done if they are...
Outlook for 2023
Happy New Year! We are rested and ready to go! As we consider 2023, we would love to tell you that 2022 is behind us. Is it though? We’re not sure yet is the answer because much of what caused the volatility and price pressure in the second half of 2022 is still...
Giving Back List 2022
Be the reason someone smiles today. We recently wrapped up our annual #GivingBack list campaign, a special initiative featuring our favorite charities to give to. Here's the list of the 21 charities and causes we featured: 1. The Luca Gargiulo...
Wrapping Up 2022!
The story here is that low supply has been keeping the market in check. Supply has been moving in-line with 2021 numbers almost exactly since July. Because this has been following the seasonal curve, we treat this as uneventful. Having said that, we remain in a...
How to value outdoor space in New York City real estate
Everyone knows having outdoor space is a luxury in New York City. It is also valuable! But, just how valuable is it? This depends on the size, kind, and shape of the space. Let’s take a look. Outdoor space is not valued the same as indoor space First of...
A Positive Step Forward
Last week ended with good news as the most recent inflation report (CPI) came in lower than expected on Thursday. The result? The stock market rallied to its biggest day in 2 years. Mortgage interest rates took an immediate and notable move down. All...
All eyes were on October!
To be honest, we had all eyes on October hoping for an uptick in transaction activity. It didn’t happen. The fall market deal volume has been painfully slow. On the supply side, we have likely topped out on new listings for the season and are beginning to see...
Sometimes…there are more important things to talk about than real estate
katiecouric.com – KCM – Getty Images This is Janet of the Wilkinson LeFevre Team at Keller Williams NYC. This newsletter is a personal story that is meant to raise awareness about how important it is for all of us to stay vigilant about screening for cancer....
3Q22 Is a Wrap! What’s Next?
We are officially in the fall market. Let’s review three important points: (1) what did Q3 tell us; (2) where are we now; and (3) how do rates play into this? POINT ONE - Third Quarter Market Report - What is Notable? Median and Average prices rose...
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