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
ZILLOW TO BUY STREETEASY
Posted by Leonard Steinberg on August 19th, 2013 Zillow, the mega-brand national real estate search engine has announced it will be buying STREETEASY for an estimated $ 50 million, the site so many New Yorkers have relied on for all sorts of data brokers used to hold as exclusive domain. Zillow, which has been successful… [Read More]
DATA DISGRACE: REALLY BAD INFORMATION
Posted by Leonard Steinberg on July 21st, 2013 This month several real estate company reports were released addressing the 2nd quarter of real estate sales in New York. What astounded me (and surely many consumers) was the huge variance in the reporting. I was shocked how several real estate firms reported flat pricing even though anyone and everyone… [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]
WHERE ARE THE EDITORS?
Posted on June 1st, 2013 We live in a world where the volume of content that is growing at an excessive rate. In real estate land the volume of information is overwhelming: much of it is not fact-checked, and claims can be made that are not true, especially on the web. The same is seen… [Read More]
IT’S OFFICIAL: HOME PRICES ARE BEGINNING TO RISE EVERYWHERE
Posted by Leonard Steinberg on July 24th, 2012 Today a report to be released by Zillow indicates that home prices in the second quarter rose from the year-ago period for the first time since 2007, according to a closely watched index, the latest indication the housing market is starting to recover. In the quarter ending in… [Read More]
NEW YORK TIMES COVERS STRONG REAL ESTATE MARKET
Posted by Leonard Steinberg on April 14th, 2012 After we reported for several months on the extremely busy New York real estate market, this morning the New York Times featured this story…..on the front cover! You know it serious if its on the front cover…. They talked about the lines of people outside 422 West 20th… [Read More]
WHY IS NEW YORK REAL ESTATE DOING SO WELL?
= Posted by Leonard Steinberg on March 12th 2012 Everyone keeps asking and e-mailing why on earth I keep posting all these blurbs about how the real estate market is doing so well right now….in March’s LUXURYLETTER I called New York MULTIPLE BID CITY…. Last night I received e-mails about an article talking about how… [Read More]
IS FIRST CLASS THE NEW MIDDLE CLASS?
Posted by Leonard Steinberg on February 12th, 2012 I just read an article in the New York Times that confirms domestic First Class on airlines is just a slightly bigger, wider version of the horrific Coach class airlines offer to fliers, regardless that they are spending triple or more for their seat. In fact, the perks for… [Read More]
THE NAR’s FLAWED DATA REFLECTS A BROADER PROBLEM
Posted by Leonard Steinberg on December 18th, 2011 I have been ranting about the inaccuracy and inconsistencies of residential real estate sales reporting for years, and now the ultimate embarrassment: Unsurprisingly, this week the National Association of Realtors announced that the data they’ve been releasing on home sales has been flawed – mainly understated –… [Read More]