Another Case of Reckless Journalism
I have just read the recent Barrons cover article on real estate and find it another exercise in market bashing…typical of what reporters do these days but surprising to me in its lack of a fully… More
I have just read the recent Barrons cover article on real estate and find it another exercise in market bashing…typical of what reporters do these days but surprising to me in its lack of a fully… More
The economic realities of 2009 necessitate some difficult decisions for all companies. I am saddened to announce that Warburg Realty has decided to shutter our Harlem location in deference to these realities. Deal flow in Harlem… More
No one knows where the bottom is. So for most buyers of Manhattan real estate, the question is simply “Are we close enough?” In recent weeks it appears that for many the answer is yes. Several… More
Since January 2, as temperatures have plummeted in the metropolitan area, more New Yorkers have piled on their outerwear and attended week-end Open Houses. The market, which has been functioning at quarter speed since mid-September, is… More
The current economic environment presents both opportunity and difficulty, for companies as well as individuals. In the case of Warburg, we are able because of our substantial investment in technology over the last few years to… More
Over the last two weeks buyers are creeping back into the marketplace. While many remain on the sidelines, waiting for the bottom (which one can never see until it is past) others are feeling good enough about… More
One of the most interesting phenomena in the real estate market correction currently underway is that of relative weakness at the top. In recent history (the last decade or two) the conventional wisdom has been that… More
Every day we are having the same conversations with sellers. Yes, you should respond to that offer. Yes you should lower your price. Unfortunately, it is not April of 2007 anymore. Yes, it is painful to have… More
Whatever your politics, there is no doubt that the election of an African American to the Presidency of the United States represents a turning point in our country’s history. He faces huge challenges, not least among… More
The term “competitive bidding” has taken on several new meanings in the fall of 2008. First, there are those very well priced units which excite multiple offers. Yes, that is still happening! Here’s the difference: instead… More