Posted by Leonard Steinberg on June 9th, 2014 As the DOW approaches the 17,000 mark, many are asking whether we are experiencing a repeat of the 2006-2008 bubble? One driving aspect of the financial crisis of 2008 was the volume of over-valued property loans held by banks. Loans secured by real estate typically make up… [Read More]
TWO PRE-RECESSION WORDS RETURN: 1) MULTIPLE 2) BIDS
Posted by Leonard Steinberg on December 21, 2010 Before the recession hit hard, MULTIPLE BIDS were the norm on many real estate listings. Those two words virtually disappeared from the vocabulary of New York real estate brokers: they are ba-ack! I have recently experienced a few of my own listings with more than one bidder,… [Read More]