When the quarterly results of Manhattan’s housing market are released, you can count on a chorus of brokerage executives to sing from the same hymnal.
Yesterday’s Q4 reports were no exception, and I suppose you can’t really blame presumed experts for painting the statistics in the most vivid colors.
So consistently upbeat is their analysis that I take their comments as more prayerful than perceptive. That’s why I referred to “hymnal” in the first paragraph.
Unlike highly educated — though frequently inaccurate — economists, they seem to base their appraisals of the past and predictions of the future merely on Continue reading
Today’s issue of my free-biweekly e-newsletter covers everything from the latest predictions for the housing market to the property that Cher just unloaded.
You’ll also find the latest statistics of sales and prices in Manhattan, the stiff sentences that mortgage fraudsters have received, and my no-holds-barred critiques of condos, co-ops and townhouses that I’ve recently visited as part of my regular “Out and About” feature.
I’ve been writing Realty Digest myself for nearly seven years, and the new issue is the lengthiest and most comprehensive one to date. I hope you find it to be not only useful but also enjoyable.
And if I may be pardoned for tooting my own horn – ok, blasting it some more – I’m pleased to have been quoted on other Web sites this week or so, including WestsideIndependent.com, Crain’s and several times on Curbed.com.
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022
For the first time since the market collapsed in late 2008, sales activity and inventory in Manhattan stand at near normal levels, according to market reports compiled by Crain’s and others.
Among the highlights was a continued increase in Continue reading
A collection of 14 deteriorating South Bronx apartment buildings has been snapped up by a real estate development company led by former New York Met first baseman Maurice “Mo” Vaughn in a foreclosure auction, Amanda Fung reports in Crain’s.
The properties were owned by entities of the Ocelot Capital Group, which abandoned them, let them fall into disrepair and eventually defaulted on the mortgage. Continue reading