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February 2007

February 28, 2007

Finally Flatiron

A small pocket of splendid architecture, named for the iconic Flatiron building. Loft home re-sales in the area are often more attractively priced than their Soho or Tribeca counterparts. New developments and conversions compete with the best in the city in amenities and pricing.

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February 27, 2007

Many of my friends have taken ‘interest only’ loans. I am starting to wonder if I should consider one as well?

Many of my friends have taken ‘interest only’ loans. I am starting to wonder if I should consider one as well?

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February 20, 2007

It's official, the Manhattan market is hot again

Regular readers of this blog won't find this story any surprise, but an article posted in the The New York Times just confirmed that both buyer activity and prices are up in Manhattan in January. We reported the story here first, almost a month and a half ago, in my first 'Shoe Leather' post on 01.09.2007 simply titled 'Open house attendance soars'. Nice validation that the kind of direct reporting that is possible from the pavement level view of this broker blog, is giving an accurate bounce on market trends— a couple of steps ahead of the pack.

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February 18, 2007

The psychology of pricing & achieving critical mass

The New York Times Real Estate section's cover this week is on 'The Psychology of Pricing'. It follows on the heals of last week's cover about presenting properties for sale on the Web titled 'Making Evey Pixel Count', they are both must reads for buyer's and sellers. The pricing article is a particularly accurate assessment of many factors and influences, which might affect how to market a home. Permit me to use it as a jumping point to add some greater depth about how the psychology of pricing connects with the timing of the best opportunity to sell a home.

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February 17, 2007

the news real: this week's jumplist

My personal real estate reading list is compiled on the fly under "news real℠" in the right column. Permit me to direct your attention to a few of the original news items which caught my attention this week.

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February 13, 2007

The Hungry Cabbie

It's said that it is possible to eat in a different New York City restaurant for breakfast, lunch and dinner, each day for the rest of one's life, and never eat in the same place twice. At the intersection of Broadway & Gourmand, a man is standing dedicated to changing all that. 'Famous Fat Dave' aka David Freedenberg, is a NYC cab driver who's blog, The Hungry Cabbie just couldn't happen anywhere else than in NYC. This is the real thing.

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February 10, 2007

the corcoran report: fourth quarter 2006

{download-able market report} This special edition of the corcoran report is a comprehensive view of the Manhattan marketplace in the last quarter of 2006, and compared with data from a year earlier. I'm pleased to present it here for download.

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February 6, 2007

Get Smarter Agent, or smarter agents?

id_tech.gifI was quoted in this weeks New York Magazine regarding Smarter Agent, a new cellphone based client for searching properties based on the users location and a database of listings.

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February 5, 2007

I am putting 10% down on my new apartment. Is that going to cost me more money?

I am putting 10% down on my new place, I've heard that will that cost me more. Why?

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February 4, 2007

Agents' angst

Last week, the New York Times ran a Real Estate section cover story called "Agents of Angst" which became one of the most talked about articles this week among agents. Author Vivian S. Toy's piece opens with a huge pull-quote about national Harris poll from July 2006 which actually ranked the relative perception of the "prestige" of 23 professions. Real Estate Agents ranked at the bottom.

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