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]
NEW HOME SALES SOAR IN MAY: DELAYED DATA?
Posted by Leonard Steinberg on June 25th, 2014 While new-home sales soared in May, the reality is the gains simply put the market back on track to match 2013’s overall pace, rather than signaling a significant momentum gain. This points to the dangers of monitoring the market moment-by-moment. Real market trends can only be seen over… [Read More]
INFORMATION CRISIS?
Posted by Leonard Steinberg on December 6th, 2013 I want to yell it from the mountaintops. I want to yell at the top of my lungs. I have done so many times before, but it appears no-one is listening: WE SUFFER FROM REALLY, REALLY BAD INFORMATION, especially in Real Estate! Aside from the horrifically inept,… [Read More]