buyers market: My First Blog Post - Slightly Ahead of My Time - 02/08/09 10:32 AM
I started my business blog on June 23, 2006 right before I discovered Activerain. It was pretty dead slow in the city the summer of 06. The internet had changed the real estate industry in many ways but not the the importance of the role of an expert local REALTOR®. There were so many websites, portals, and lead generators spewing information. Many were from out-of-state, some even have NY brokers licenses but many were masquerading as Manhattan brokers through key words on anonymous parked sites.
I wanted to create a blog about the complexities and peculiarities of buying and selling residential … (7 comments)

buyers market: It's Best To Buy And Sell In The Same Market - 09/20/06 06:38 AM
 
In real estate it is very difficult to time the market. Markets go in cycles there are tops and bottoms. Bottoms are usually created by pessimism and negativity. Tops are created by “irrational exuberance"  
To quote Jim Cramer on CNBC's Mad Money “Bears make money – Bulls make money but Pigs get slaughtered." The Fed created the boom in housing by lowering interest rates then they ended it by raising interest rates to take “the froth” out of the housing market. Maybe they will change their mind again. 
When everyone is bearish based on sentiment rather than the facts, that … (5 comments)

buyers market: Bidding Wars in a "Soft" "Cool" Buyers Market? - 08/15/06 10:45 AM
If it's priced right the buyers will bid on it. I recently had a properrty on the market for 6 months.  After 2 price reductions totalling almost $100,000 of the original listing price I received multiple bids. I heard several similar stories from other agents in my office today.
One had the property on the market for a year lowered the price several times and finally got multiple bids. Another agent with a property on the market for a long time lowered the price lowered again and had it staged and then received multiple bids. It seems that once the right price level is reached all … (1 comments)

buyers market: NYC $ 6.1 Billion Surplus Good for real estate - 07/26/06 07:42 PM
New York City ended fiscal 2006 with a record $6.1 billion surplus from Wall Street profits and surging real estate values. Wall Street firms paid workers in the city a record $21.5 billion in bonuses in 2005. Wall Street bonuses fuel the manhattan real estate market. NYC Real estate tax collections were $1.2 billion more than anticipated, personal income tax collections exceeded estimates by $1.3 billion.Mayor Bloomberg has done a great job keeping the city fiscally strong. I wish George W. Bush had the fiscal discipline of Mike Bloomberg.When the city is strong financially so is NYC real estate. The real … (5 comments)

 
Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn

Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn

Manhattan, NY

More about me…

Address: New York, NY, 10024

Office: 212-877-6268

Mobile: (917) 312-0924



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