LUXURYLETTER IN TODAYS NEW YORK TIMES!

Posted by Leonard Steinberg on November 3rd, 2013 LUXURYLETTER De Blasio editorial in this morning’s New York Times: ¬†http://www.nytimes.com/2013/11/03/nyregion/reconsidering-view-of-de-blasio-as-threat-to-the-wealthy.html      

LUXURYLETTER – THE DOWNTOWN MARKET REPORT

Posted by Leonard Steinberg on April 1, 2011 First Quarter reports released to-day embarassingly distort the Manhattan real estate¬†market statistics: They talk about a sharp drop in average pricing (like there is such a thing as average in Manhattan) but fail to mention that the reason for this is the low inventory of new construction… [Read More]

FORECLOSURE MESS WILL COST ALL: YES, EVEN IN MANHATTAN.

The foreclosure mess could hurt homeowners in Manhattan in an indirect way: The costs of buying an apartment and paying off the mortgage are likely to go up, say housing experts. The rising costs will come both during the closing and throughout the life of the loan. At the closing, the cost of title insurance,… [Read More]

THE ROLLER COASTER DECADE – LUXURLETTER EDITORIAL

THE ROLLER COASTER DECADE It is becoming increasingly apparent that we live in turbulent times: the see-sawing we are experiencing in markets (and life in general) appear more acute and exaggerated these days, and I fear we have entered a decade of constant ups and downs. With every bit of good news that emerges, so… [Read More]

EASTER SURPRISE! OR WAS IT EXPECTED?

In this month’s LUXURYLETTER, (www.luxuryletter.com) it was reported that Manhattan’s real estate pricing and activity picked up notably over the same period last year. Because LUXURYLETTER addresses the luxury market over $ 1 million, the figures are somewhat different to what is being widely reported…. The other reports that came out from the major real… [Read More]

LUXURYLETTER MARCH 2010: WHAT'S THE MARKET UP TO?

In this month’s LUXURYLETTER ( see www.luxuryletter.com) the reports indicate a moderately healthy market, with strong activity on the higher end of the Manhattan Downtown luxury market. Signed contract and closing activity levels are healthy, and pricing for the most part is stable, although drops have been seen in some areas: this does not necessarily… [Read More]