by Anthony | Oct 19, 2020 | Uncategorized
The problem with a cliff is that once you accidentally fall off one, there is not much to grab onto. The current condition of New York City commercial real estate is probably looking at a cliff scenario. The pedestrian and retail traffic is just not coming back to the...
by Anthony | Oct 16, 2020 | Uncategorized
Many of the networks that we relied upon for business, friendship and referrals don’t exist anymore, or at least they have demonstrably changed. The old coffee shop, the breakfast place where you used to meet. All of the old geographies, the emotional geographies we...
by Anthony | Oct 15, 2020 | Uncategorized
The National Association Home Builders reported new single-family home sales hit a seasonally adjusted rate of 1.01 million, an increase of 4.8% over the July 965,000 number. This is the strongest adjusted annual rate since September of 2006. New home sales based upon...
by Anthony | Oct 14, 2020 | Uncategorized
August’s existing home sales continued its upward trend. This momentum was reported for all four regions, Northeast, Midwest, South and West. Sales increased year-over-year by 10.5% from 2019, on target to hit 6 million transactions, up from 5.43 million...
by Anthony | Oct 13, 2020 | Uncategorized
Nationally Freddie Mac reported that mortgage rates have stayed below 3% for 11 consecutive weeks. This has clearly had an impact on the robust housing market. The average US mortgage for a 30-year fixed loan fell one basis point to 2.87% this past week. The fixed...
