News

Ralph’s Blogs

The Impact of COVID on Commercial Real Estate

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...

Rebuilding Your Networks After COVID

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...

New Home Sales Hit 16-Year High

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...

Existing Home Sales Continue Upward Trajectory

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 reported the...

Mortgage Rates Continue Their Slide

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...

Happy Columbus Day

Wishing All of our Friends, Clients and Associates a Great Columbus Day! We look forward to a record finish for the fourth quarter of 2020! HOLIDAY OFFICE HOURS The Office is Closed Monday, October 12th. We will reopen: Tuesday, October 13th, 8:30 a.m. 

National Median Price Soars 12 Percent

Median listing prices grew at 12.4% from 2019. The 20th consecutive week of increasing price growth. Low mortgage rates are helping buyers offset this increased cost. New listings fell 6%. Total inventory nationwide was fell 39 percent from 2019. Days on Market fell...

Wire Fraud Checklist

In a time when we’re all trying to get through the COVID-19 pandemic, cyber criminals are seizing upon it as an opportunity to attack. Reports of fake emails, texts, phishing, robocalls, dangerous links and more are already emerging related to COVID-19. Counsellors...

NYC Exodus Invades Union and Essex Counties

  Finally, the numbers are bearing the exodus out! Essex and Union counties reported their August sales, and both counties blew the numbers out of the water! They both reported significant increases in the median sales price, in new listings, closed sales, and...

Carl Demoon

  https://drive.google.com/file/d/1phJ3pGJWSpM4C5z23sOhHnroE8ZLAPLk/view?usp=sharing  

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