Posted by Leonard Steinberg on January 12th, 2013 In the coming weeks and months, over 7,000 units of new construction LUXURY apartments will be coming to the market in New York……that is a VAST number of units and will significantly alter the bland inventory landscape we are currently experiencing. While one could argue that the… [Read More]
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]
FASHIONS CHANGE FAST + FURIOUSLY
Posted by Leonard Steinberg on March 7th, 2012 Remember when those sleek white APPLE ear-phones were all the rage? They defined what we SHOULD be using tech-wise. Now all of a sudden BEATS and other super-large 70’s style headphones are all the rage. In this lies a big message: fashions change fast and furiously, and… [Read More]
2007 RETURNS?
Posted by Leonard Steinberg on March 18, 2011 The number of millionaires is almost at the level of those in 2007 reports the Wall Street Journal to-day. Bidding wars are back. There is a shortage of un-affordable housing. Kelly bags are wait listed at Hermes. Manhattan luxury pricing is breaking some records on even some… [Read More]