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The Dreaded Price Cut Discussion | 3 Tips to Help Posted by Noah Rosenblatt in Current Events

Real estate agents everywhere know all too well the challenges of this tricky situation. Your mind starts veering to dark, dreary places wandering how the seller will react. You knew the price was high to begin with but hey, its a new listing right! If a property is not selling in the open market its most likely due to one of three things: either its a market problem, a product problem, or a price problem. Most of the time its a price problem. Here are three ways to use data to have a conversation with your client about reducing …

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So, its 2017….How are we Doing?? Posted by Noah Rosenblatt in Current Events

Let’s take a quick look at the pace of demand for Manhattan residential property. Specifically, how the first 4 months of 2017 have fared vs the past 5 years in terms of contract activity.  More after the jump……

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Manhattan Snapshot | Resale vs New/Recent Development Posted by Noah Rosenblatt in Uncategorized

Wanted to share with you a new feature that will be available to UD Pro agents when we re-launch this summer. The new tool allows you to differentiate between Resale & New/Recent Developments and then utilize our dynamic, hyperlocal charting system. Let’s check out how both these markets are doing now.…

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2017 Off to a Good Start – But Watch Out For Condo YoY Price Trends Posted by Noah Rosenblatt in Current Events

Discussing Manhattan real estate trends is a two-tiered science: there is what is happening right now in the field, let’s call that real-time, and then there is the sales data telling us of price trends, which is lagging by about 4-6 months. Sometimes the two things tell you completely different things, so its important that the professional agents out there educate their clients on this dynamic. Right now happens to be one of those times where the real-time data is starting to show a pickup in activity as the upcoming sales reports are likely to show a cooling down – …

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Manhattan’s 2016 Narrative – 5 Main Themes to Know Posted by Noah Rosenblatt in Current Events

2016, the year of normalization… After five straight years of progressive reflation in Manhattan residential real estate (2010-2015), buyers finally saw the leverage pendulum swing their way. Of course, just how much leverage a buyer gained still heavily depends on the price point. What’s happening at the high end is drastically different than what’s happening at the lower end. Lets discuss before the firms Q4 market reports are released.…

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Navigating Manhattan’s CONDO Market Posted by Noah Rosenblatt in Uncategorized

Wanted to dig into the trends of the Manhattan Condo market as a few dynamics are at play that may cause some confusion when interpreting the data; mainly the impact from a surge of Luxury New Development closings that hit in the first quarter. …

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Manhattan Mid-Year Grades | Depends on the Price Point Posted by Noah Rosenblatt in Current Events

So how is the mysterious Manhattan marketplace doing for the first half of 2016? As an overall market-wide grade, I give it a B-; call it slightly below average. We aren’t failing or anything like that but we certainly aren’t blowing away old volume records either. We are kind of chugging along after getting hit in the head with a 2 by 4 last Fall.…

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