Category: News + Insight

By Gregory Heym, BHS Chief Economist and and host of Crossing The Line It's the first Friday of the month, so let's see how the jobs market did in January. The Line: Job Growth Less than Expected in January Economists were looking for a gain of 169,000 jobs last month, but payrolls only rose by 143,000.…

Brown Harris Stevens CEO Bess Freedman appeared live on CNBC “Power Lunch" to discuss  the current state of the housing market, mortgage rates, and why the American dream of  homeownership is still out of reach for so many people. See below to watch the segment. "I’m pretty bullish on housing. We need to get back…

By Serj Markarian, Licensed Associate Real Estate Broker John Walkup, co-founder and partner at UrbanDigs Analytics—whose expertise I highly respect—recently shared five key insights for NYC sellers ahead of the spring real estate market. One point that stood out in his analysis was, “buyers are back, but they’re still picky,” reinforcing what I wrote two weeks…

Private listings, sometimes called whisper listings, are quiet listings that don’t hit the public market. With the seller’s consent, agents rep these properties behind the scenes with no web presence, no advertising, and no public buyer pool. Recently, there has been a growing movement by some brokerages to turn private listings into a marketing strategy,…

By Gregory Heym, BHS Chief Economist and and host of Crossing The Line There were three big releases in the world of economics this week, which we will cover in chronological order starting on Wednesday with a Caddyshack reference. The Line: The Fed Says, “You’ll get nothing and like it.” Just like Judge Smails told his…

Key steps for prepping to buy an apartment in NYC is the willingness of the buyer (or renter, or renter guarantor) to share very detailed financial particulars. Co-ops, condos and landlords will typically require a net worth summary form and paperwork proving said form as part of the application review process. The offered bid amount…

By Serj Markarian, Licensed Associate Real Estate Broker Earlier this month, industry analysts noted that real estate activity is expected to increase as more buyers adapt to current mortgage rates and return to the market. With tight inventory keeping competition strong, we may see modest price growth this year. As real estate’s busiest season approaches…

By Gregory Heym, BHS Chief Economist and and host of Crossing The Line After last week's jobs report ruined our weekend, we desperately needed some good news on inflation. Luckil, the PI brothers delivered big time, so welcome to the "What a difference a week makes" edition of The Line. Core Inflation Lower than Expected in December…

By Serj Markarian, Licensed Associate Real Estate Broker First, I want to take a moment to send our thoughts to our friends on the West Coast. If you're looking for ways to help, I've included some helpful links at the bottom of this post. Meanwhile, here on the East Coast, Manhattan’s residential market closed Q4 2024…