Brooklyn luxury contracts come back to earth with $80M week
Activity in Brooklyn’s luxury market came back down to earth last week. After notching two straight weeks with contract volumes over $150 million, the borough saw $80 million in volume across 25 contracts last week, according to Compass’ weekly report for contracts signed on homes asking at least $
How pied-à-terre, cash-buyer surcharges will change behavior
Real estate people are scrambling to gauge the effects of the pied-à-terre and cash-buyers taxes. One industry insider looked at my random example of 737 Park Avenue, a prestigious co-op. Unit 19A just hit the market for $18 million. Let’s assume it’s purchased for that amount and becomes a second h
Are Home Prices Going To Fall?
It’s one of the biggest hold ups some buyers have right now: “What if I buy, and home prices go down?”
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