Get Real, Average Turkey
A report from Bloomberg on New York. "Manhattan luxury-home sales had their best week of the year. The second-priciest home to find a buyer was a limestone mansion owned by financier Phil Falcone, at 22 E. 67th St., on the…
I Can Accept That Prices Do Fall, And Have Fallen, I Was Shocked That It Was By So Much
A report from Yahoo. "If you're looking to do major upgrades or are in the middle of one with a contractor, you might want to see if you can re-negotiate the cost of materials. Gregory Kyler, a Chicago-based licensed general…
This Was Never Part Of The Plan
A weekend topic starting with Cayman Compass. "More than a year ago, during the midst of a coronavirus lockdown, hardly anyone predicted that property prices in Cayman would continue to rise. For the construction and real estate industry, forecasts turned…
Horror Stories Being Driven By Stupidity And Greed
A report from Fox 5 Vegas in Nevada. "Assembly Bill 486 would pick up where the state eviction moratorium leaves off when it expires at the same time midnight. If signed, Nevada property owners temporarily won't be allowed to evict…
If You Want To Hear Horror Stories, You Can Find Them
A report from the New York Post. "Looks like former MMA champion Ben Askren isn’t the only thing Jake Paul is knocking out. The multimillion-dollar California mansion that the controversial YouTube star bought in 2017 has been sold for $6.15…
Prices Will Come Under Significant Pressure If Everyone Heads For The Exit At The Same Time
A report from CNBC. "The Federal Reserve now owns more than a third of the agency mortgage-backed securities, or MBS market. At the start of 2019, the Fed held $1.6 trillion in agency MBS. It tapered that down to $1.37…
There Are Implications To Our Ability To Create Wealth If Our Houses Appraise For 50% Less Than Its Value
A report from Forbes on New York. "The former Manhattan pied-à-terre of late theatrical producer James Nederlander, listed for $27.5 million in 2019, will be auctioned off later this week with no reserve. The auction of #10 at 838 Fifth…
Many Owners Have Just Left Their Keys And Walked Away
It's Friday desk clearing time for this blogger. "Philanthropist Marcia Riklis is planning to take a hit on the sale of her Upper East Side home. The posh ninth-floor co-op is on the market for $6.35 million. That’s more than…
A Lot Of Buyers Make Lowball Offers That Get Rejected, But Then They Get A Call Back
It's Friday desk clearing time for this blogger. "The coronavirus pandemic has weaved two opposing narratives in the U.S. housing market. On one hand, it has buoyed home prices amid extremely tight inventory and frenzied demand. On the other, it…
There’s A Lot Of People In The Property Industry Who Are Burying Their Heads In The Sand
It's Friday desk clearing time for this blogger. "Almost one-third of households, 32%, owed money for missed rent or mortgage payments from previous months at the beginning of August, according to Apartment List. It is best to give your landlord…