Well, so much for the seasonal peaks and valleys in the real estate market. According to the Real Estate Group New York’s January Manhattan rental market report (PDF), released today, month-to-month average rents fell for studios, one-bedroom apartments and two-bedroom apartments, in both doorman and non-doorman buildings. It was a clean sweep, and one Read More
"We are dealing with a much different market than the same time as last year,” said John Parsegian, a senior vice president at Halstead Property who specializes in the luxury rental market.
Indeed. As rental market reports heap seemingly endless piles of bad news on an already jittery industry, it’s becoming Read More
This much we know: In Manhattan, there is a growing supply of empty apartments that, due to a combination of overpricing, bad timing and lack of demand, cannot find tenants willing to sign the dotted line. This is unfamiliar territory for landlords, who have conducted business in an environment that, for the past several years, Read More
Location: Does Craigslist scare brokers, in the sense that it opens up access to real estate information?
Mr. Baum: No, Craigslist doesn’t scare me; in fact, I think that Craigslist is fantastic, if used properly. The problem with Craigslist is that it lends itself to ridicule because there are many posts Read More
