BERNANKE DELIVERS GREAT NEWS FOR REAL ESTATE

Posted on September 14th by Leonard Steinberg Fed. chief Ben Bernanke delivered some great news for the financial markets and especially real estate land: he plans on keeping interest rate low ‘well into 2015’:  That bodes especially well for New York real estate buyers who currently confronted with ultra-limited inventory of existing apartments will feel… [Read More]

CATCH-UP!

Posted by Leonard Steinberg on March 26th, 2012 This morning Ben Bernanke spoke on the subject of the economy:  his conclusion was that the improving employment and growth figures were a product of CATCH-UP. We can see the same thing clearly happening in the luxury Manhattan real estate market. The above picture shows a line… [Read More]