Posted by Leonard Steinberg of URBAN COMPASS on July 16th, 2014 A Long Island Railroad strike is looming and at the core of the problem is a simple truth: commuters who use the LIRR cannot afford to pay more for the service in raised fares, there is a budget, and salaries cannot be raised in… [Read More]
ARE LONDON BUYER-BLUES BEING MIRRORED IN NEW YORK?
Posted by Leonard Steinberg, President of Urban Compass, on July 8th, 2014 London is experiencing some BUYER-BLUES on the very high end and today its reported that home-price gains in London’s most-expensive neighborhoods are trailing the rest of the city because buyers are deterred by high asking prices and the possibility of new taxes. Values in… [Read More]
THE CURSE OF REAL ESTATE RANKINGS
Posted by Leonard Steinberg on July 7th, 2014 In the past few months all sorts of rankings have come out showing how real estate brokers fare next to one another in either the number of transactions they close, the total volume of sales, or the total volume of exclusives they have on their books. I… [Read More]
THE JILLS ARE THE NUMBER ONE TEAM IN THE USA…..NATIONWIDE!
Posted on June 27th, 2014 by Leonard Steinberg The Wall Street Journal/REAL TRENDS rankings came out this morning to reveal the NUMBER ONE TEAM NATIONWIDE for 2013 as……The Jills (Jill Herzberg and Jill Eber of Miami): CONGRATULATIONS! Many claim they are the number one team and in this digital age where claims can be made that… [Read More]
ITS ALL ABOUT THE WEATHER!
Posted by Leonard Steinberg on June 26th, 2014 The Wall Street Journal reported this morning that the US economy took a 2.9% dip in the first quarter of 2014….the GDP slipped by as much as an annually adjusted rate of 1%…..mostly attributed to the bad weather we experienced throughout the USA. The weather? Really? Having… [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]
BOILER ROOM REAL ESTATE BROKERS
Posted by Leonard Steinberg on June 22nd, 2014 Summer has arrived and the market is much hotter than the incredible temperatures we are experiencing in New York the past few days. In a hot real estate market, a breed of broker emerges that is as amusing as it is annoying: the BOILER ROOM REAL ESTATE… [Read More]
100 MILLION DOLLAR LISTING NEW YORK
Posted by Leonard Steinberg, president of URBAN COMPASS, on June 20th, 2014 Moments away from the official beginning of Summer, things are really heating up in Manhattan real estate when it comes to pricing: the elusive $100 million mark that has yet to be achieved in New York for the sale of a residential property heats… [Read More]
AN AMENITIES ARMS RACE?
Posted by Leonard Steinberg on June 18th, 2014 Last night at Ian Schrager’s spectacular presentation in his immaculate penthouse at 40 Bond Street for his new building 215 CHRYSTIE above the PUBLIC HOTEL in the Lower East Side, he made a statement that I think was noteworthy: in describing his building he said the building was… [Read More]
DO ONLY BILLIONAIRES BUY REALLY EXPENSIVE APARTMENTS?
Posted by Leonard Steinberg on June 17th, 2014 Today word spread that another billionaire swept in to buy the French government owned duplex at 740 Park Avenue for many millions over the asking, supposedly $70 million….for a co-op….that needs renovation work. Can only billionaires pay these prices? I have found over the past few years… [Read More]