In this week’s report on the Manhattan $4m+ property market, Donna Olshan made two observations that should concern all of us in the Real Estate industry: 1.”The average number of days on the market was 398 compared to 283 for the same week in 2015.” Most of the contracts signed this past week were re-sales, unlike… [Read More]
Artificial Intelligence?
Are New York Quarterly reports delivering Artificial Intelligence? Yesterday’s (April Fool’s Day) First Quarter Manhattan real estate market reports touted radical home price escalations just as the entire real estate industry is adjusting to a ‘new normal’ comprised of slower absorption, adjusted asking prices and more negotiability. This further highlights just how severely quarterly reports… [Read More]
Compass Markets
Posted by Leonard Steinberg, President of COMPASS, on Saturday, October 23rd, 2015 This week was a HUGE moment for Compass as we launched COMPASS MARKETS, the first ever real-time market reporting/analysis thats available in the palm of your hand via a mobile APP, instantly, anywhere in the world. This Compass Markets APP is truly revolutionary, and we… [Read More]