In the incendiary days of our overheated market just four or five years ago, you couldn’t give away renovated properties.
Flush with Wall Street largesse, seemingly all buyers wanted to impose their own taste on any apartment or townhouse they considered. So what if it took wads of cash, endless frustration and overwhelmingly large pools of patience?
Buyers wanted to do their own thing.
Those days are pretty much in past, and I imagine they’ll be back. But the properties that sell quickest of late Continue reading
I’ve heard it said that our housing market is going to swoon next year.
I’ve also heard it said that it’s boring, stable and unlikely to dip more than a few percentage points, if at all.
Do you know? I sure don’t. That’s because of scenarios that are unknowable, of which herewith a few: Continue reading
A missive from the Radar Logic data firm the other day gave me some information that surprised me and may surprise you as well.
The firm, which tracks home prices in 25 major metropolitan areas, says its RPX Composite Price index grew by 56 percent from January 2000 to July 2011. “This compares quite favorably to the major stock market indices,” Radar Logic declared.
Over the same period, it reports, the Dow Jones Industrial Average Continue reading
Executives of the largest brokerages and those who craft reports on Manhattan’s housing market kept using “stable” to describe the second quarter.
For the third quarter, a word I’m seeing — as you doubtless are as well — is “boring.”
The term arises from some, though not all of the statistics. I’ve also noticed an attempt at “normal.”
I’m not so sure. Variable? Confusing? Troubling? Continue reading