Posted be Leonard Steinberg on April 16th, 2014 The Wall Street Journal reports this morning that the expected SPRING RUSH has not happened quite as planned throughout the US Housing market, although the Manhattan market has been rather strong, and one reason may be that asking prices have been escalating to the point where they… [Read More]
HOT TOPIC OF THE DAY: INVENTORY
Posted by Leonard Steinberg on July 2nd, 2013 Last month in LUXURYLETTER we posted a note about how inventory levels have dropped to their lowest in almost a decade. This week, the market reports reported the same story……inventory levels are indeed very low right now. What these reports do not indicate is all the inventory… [Read More]
STRONG NEW YORK OPEN HOUSE ATTENDANCE – SERIOUS, VERY EDUCATED BUYERS EMERGE (MANY WITH KIDS).
Posted by Leonard Steinberg on January 8th, 2012 I have just returned from Manhattan Sunday open houses…..the first official weekend of the New Year is always an indicator to me as to how strong or weak the first half of the year will be……and things looked good. The volume of buyers was not huge, although… [Read More]
HOUSING INVENTORIES WILL RISE THROUGH 2011
In the WALL STREET JOURNAL: Sales of new homes are near 47-year lows, yet the supply of new and existing homes is expected to grow in the months ahead as construction ramps up and a wave of foreclosed homes hits the market. LUXURYlesson: “While the USA in general will experience increases in inventories, the luxury… [Read More]