Mar
09
2010
A: I need to get away from real estate for a moment. Taking a look at the VIX nearing 52-week lows and makes me wonder how cheap it is right now to buy some volatility? Maybe some puts? Anyway, when the VIX usually gets to this point …
More: continued here
Mar
09
2010
A: This is a topic I touched on a few times here, and is an old story that gets replayed every 10-12 months or so. Just how ‘off’ is Manhattan square footage? To be honest, its way off but I think this marketplace has evolved past the …
More: continued here
Mar
07
2010
A: Lets have some fun here and take some guesses as to what to expect when the Manhattan Q1-2010 report is released in about 4 weeks. One thing is for sure, the SALES aspect of the report will likely show a surge over the prior year; …
More: continued here
Mar
06
2010
Mayor Bloomberg Signs Legislation Requiring Realtors And Landlords To Disclose Contact Information For Tenant Screening Agency That Will Screen Rental Applicant. Introductory Number 5-A requires landlords, realtors, and others who rent …
More: continued here
Mar
06
2010
As work proceeds on a $2-billion extension of the No. 7 subway line, which currently bypasses a station previously planned for West 41st Street and Tenth Avenue, the Real Estate Board of New York has brought together a coalition to …
More: continued here
Mar
05
2010
A: I’ll try to get right to the point here for you guys. I continue to see Pending Sales stay at healthy levels after a short adjustment down from the surge we saw in contracts signed starting around mid 2009. …
More: continued here
Mar
04
2010
Mayor Bloomberg announced the appointment of Jonathan Kimmel as Chairman of the New York City Rent Guidelines Board. The Board is mandated to establish rent adjustments for the nearly one million dwelling units subject to the Rent …
More: continued here
Feb
27
2010
The FDIC banking profile for the fourth quarter came out today. The following are highlights of the report with my comments. I continue to closely monitor the banking system because while the acute phase of the crisis is long over with, …
More: continued here
Feb
27
2010
iPhone photo: courtesy of Mitchell Hall. According to the Real Deal the $25.1 million first mortgage secured by three adjacent buildings at 272-276 West 86th Street is on the market.The loan was used to refinance 272 West 86th Street …
More: continued here
Feb
27
2010
A: Whether you question the sustainability of it or not, you can’t deny that some well priced properties out there are receiving multiple offers in the past 4-6 weeks or so. However, that doesn’t mean each will end in a bidding war! …
More: continued here