Did somebody say symbiosis? At a time when Manhattan dwellers struggle with lackluster year-end bonuses and job losses, the Hamptons has suffered its own crisis: one of real estate, the East End playground’s great arbiter.
A new Miller Samuel and Prudential Douglas Elliman report shows home sales off annually over 41 percent in the fourth Read More
Two thousand eight was a year that can’t be forgotten soon enough by the browbeaten souls unfortunate enough to make their living in the city’s real estate market, which proved to be a much choppier sea to navigate than most expected over the past 12 months. It mattered little if you were in the commercial Read More
The number of Brooklyn home sales dropped 42.7 percent annually in the fourth quarter of 2008, according to a new report from Prudential Douglas Elliman and appraisal firm Miller Samuel (and authored by ace Jonathan Miller). At the same time, the median home sales price dropped 7.5 percent to $490,000.
As the graphic indicates, Brooklyn’s Read More
Warren G. Harding, during his 1920 presidential campaign, pledged “a return to normalcy” for an America beset by the shocks of the First World War and an overly involved federal government. He won 60-plus percent of the vote.
Much like Harding’s sales pitch, the Manhattan housing market, buffeted for months now by uncertainty and Read More
By the time 2008 ends, there will be two kinds of high-end brokers left in New York. Most will outwardly panic, and the sturdier will force their dread to simmer beneath a slightly clenched smile that says, “Everything is quite fine, thank you.” After all, a tiny (and dwindling) group of only wealthy people are Read More
If Dolly Lenz did not exist we would have to create her. The woman is a real estate mega-broker of mythological proportions: She has said that she has done $7 billion in sales, has personally owned 70 to 80 properties, and currently keeps 12 BlackBerrys; her name is in the news weekly, especially in the Read More
Last week, we told you about 50 new retail locations (or expansions) opening up all over the city, as was detailed in a brochure from Prudential Douglas Elliman. We discovered that companies like Burberry, Rock & Republic, West Elm, and Vera Wang are fearlessly trudging ahead with new outposts despite current economic conditions. Read More
Welcome to the buyer’s market: Supply is up, demand is down, and prices are teetering. Brokers say buy now – after all, there are deals to be had! But what if you waited?
Here’s four areas (and one borough) where buyers would be fools to rush in now.
1. MANHATTAN
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As the Hamptons housing market tumbled mightily in the third quarter, the North Fork’s saw a mild price bounce. The North Fork median sales price was $575,000 in the third quarter, up 10 percent from last year, according to the new Miller Samuel-Douglas Elliman report.
The North Fork, home to a cluster of well-respected Read More
All is not well at the summer playground for America’s rich and famous, as home prices and sales in eastern Long Island tumbled to two-year lows in the third quarter, according to a new Hamptons/North Fork market report from real estate appraisal shop Miller Samuel and brokerage giant Prudential Douglas Elliman.
The quarterly median sales Read More
