Miller - Current spurt of activity may be deceptive
Started by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
Interesting take from Real Deal... http://therealdeal.com/newyork/articles/current-spurt-of-activity-may-be-deceptive-richard-hamilton-halstead-property-john-serpico-noah-rosenblatt-urbandigs-jonathan-miller "But [Jonathan] Miller and others say the current burst of activity is probably temporary, and that Manhattan may not yet have seen the worst of the market slump." "This is a combination of... [more]
Interesting take from Real Deal... http://therealdeal.com/newyork/articles/current-spurt-of-activity-may-be-deceptive-richard-hamilton-halstead-property-john-serpico-noah-rosenblatt-urbandigs-jonathan-miller "But [Jonathan] Miller and others say the current burst of activity is probably temporary, and that Manhattan may not yet have seen the worst of the market slump." "This is a combination of seasonal factors and the release of some pent-up demand from the dearth of activity in December, January and February," Miller said. "It's all good, but I don’t see it as a sign that we've turned the corner." "Springtime is the busiest time of the year for real estate, when the bulk of price appreciation for the year occurs, so it's expected that there would be an increase in activity. "This is show time," Miller said." [less]
Stop me if I'm wrong but, does Candace Taylor suck as a journalist or what? Could you go out there to write a story and do less research? I'm not debating the content or lack there of but, how did this pseudo writer get this job anyway? Aren't we having an employment issue here? Lets see some links with meat on them. This tiny BS piece is worthless. Hey Candace, your family, your college professors, even your friends are shocked at your superficial interview and writing style. Why don't you give childrens books a try.
Well that was harsh...even from me.
""I think we bottomed out a few months back, maybe January or February," said Richard Hamilton, a senior vice president at Halstead Property, who said he recently closed on a one-bedroom with a terrace for $515,000, as well as a 1,600-square-foot apartment in Prospect Heights -- with competing bids -- for $800,000."
As he speaks, isn't this clearly false. In Jan / Feb you couldn't get anyone to admit we were down 20% and now brokers with brains are telling sellers its -30% off peak to actually move the merchandise. And the -30% may already be wrong, as we pass out of busy season into slow summer. What an ass.