Size Matters
One of the most interesting features of the Manhattan real estate market since L-Day last September 15 is the way in which properties of different sizes have had different trajectories. In the last quarter of 2008,… More
One of the most interesting features of the Manhattan real estate market since L-Day last September 15 is the way in which properties of different sizes have had different trajectories. In the last quarter of 2008,… More
Is it a “V”? A “U”? An “L”? A “W”? Economists are weighing in on what happens next. I am no economist, but I have been on the ground in the New York real estate business… More
The benefits of price capitulation continue to be in evidence here in Manhattan. Now that real estate is cheap enough again it seems a lot of people here still want to own it. The big price drops are now… More
In the last two weeks, Warburg agents have put together 22 deals. Now, we are not the biggest company in Manhattan and we had two week periods in 2006 and 2007 in which we put together… More
Is it just springtime? I think not. In recent weeks, in good weather and bad, Open House attendance all over Manhattan has perked up. 10, 15, even 20 singles and couples are showing up to look… More
At Warburg, we signed 16% more contracts in March than we did in February. We did 64% of the number of deals in March 2009 than we did in March 2008, but the dollar volume of the deals in March 2009… More
Today the first quarter market data appeared in all the papers. The Presidents of Corcoran and Elliman were quoted, along with the appraiser/media star Jonathan Miller. And the information about the first quarter was, of course,… More
Warburg Realty Market Review It has been a unique and eventful first quarter in the New York City real estate market. We began January with the market completely in the doldrums, as the stand off between… More
The stock market goes down. The stock market goes up. The head of the Fed opines that our current troubles will pass, soon enough but not too soon. A few things seem clear: no one really… More
No, apartments in New York are NOT selling for fifty cents on the dollar. And that is not exactly what that front page article in today’s New York Times said. What it said was that some developers… More