Tag: manhattan
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Evaluating the Pied-à-Terre Tax in Context
Looking Beyond the Headlines: What the Pied-à-Terre Tax Means for Buyers Few topics have generated as much discussion in New York City’s real estate market over the past several weeks as the new pied-à-terre tax. From questions about implementation and exemptions to concerns about how buyers may respond, the conversation has continued to evolve almost daily. …
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Are Co-ops NYC’s Affordability Loophole?
Have you ever heard the term “co-op” and immediately thought the process would just be too difficult? You’re not entirely wrong— there is a process of being evaluated and ultimately approved by a co-op board. But when it comes to affordability, purchasing a co-op may just be the way to go. If you can handle…
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Market Clarity by Jared Antin: Manhattan’s Inventory Is Low, But the Headline Number Needs Context
Manhattan enters the final stretch of August with just 4,674 active listings, down 21% from the same time last year and one of the leanest supply environments we have seen in years. That matters. But this month, understanding the inventory number requires looking beyond the headline. Manhattan has been operating with constrained housing supply for…
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A Luxury Perspective: Lisa Van Wagenen on Miami’s Real Estate Market
Consistently ranked among the top 1% of Brown Harris Stevens Miami agents, Lisa Van Wagenen brings extensive knowledge of the luxury and ultra-luxury market to BHS’s Miami Beach office at the Continuum. With a background in modeling and a career built on strong relationships, referrals and an in-depth understanding of Miami’s most sought-after properties, Lisa…
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The Year Was 1930
The year was 1930, Herbert Hoover was in the White House, and the country was entering the Great Depression. New York reached new heights with the completion of the Chrysler Building and construction underway on the Empire State Building. Pluto was discovered, the first FIFA World Cup kicked off, and Grant Wood painted American Gothic.…
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Market Clarity by Jared Antin: This Week’s Inventory Drop Isn’t the Whole Story
Manhattan’s supply shrank sharply this week, but the story goes beyond seasonality. In today’s market, understanding the numbers is only half the story. Understanding what’s driving them is what gives buyers and sellers the clarity to make better decisions. Every August, Manhattan’s housing market settles into a familiar rhythm. Many sellers postpone launching new listings until…
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In Conversation with Brooklyn Agent Noah Studenroth
With more than $600 million in career sales, Noah Studenroth brings a strategic approach and deep appreciation for architecture to Brown Harris Stevens. His passion for historic preservation, which began with his first real estate role in Southampton Village, continues to shape how he views properties and advises clients today. Recently joining BHS from Corcoran,…
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Cash is Still King
Does the phrase “cash is king” ring a bell? Whether it was my grandparents slipping some cash into a birthday card, or my dad barely catching me on my way out the door as a teenager to ask, “Do you need cash?” It’s a phrase I’ve heard a thousand times. According to Realtor.com, nearly half…
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Seller Choice Isn’t the Same as the Seller’s Best Interest
In a recent opinion piece I penned for Inman News, I took on one of the most frequently repeated arguments in the debate over private listing networks: “seller choice.” Of course sellers have choices. They always have. The real question is whether a choice that limits exposure, reduces competition and potentially compromises price is actually…
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The Compass Move May Seem Harmless on the Surface. Be Sure to Look Deeper.
Yesterday, a segment of the active sales listings quietly disappeared from the usual search sites that consumers access to search for homes. Most consumers wouldn’t have noticed the change unless they were following one of those listings. Members of the New York residential real estate community likely noticed first through the press that the move generated. For those unaware, Compass…