Nice jump in open houses

> it's gonna be a sad, cold, harsh winter and ya cut the mortgage/cc chk for 5 months...

so if they sell bf thanksgiving...then they get 5 months of FREE housing at the new pad?! great deal, save some dough! why pay the mtg/cc/rent chks at all?

3834 is in all of nyc. About 2500 in manhattan. 2200 below 96th street.

Idiot

The 1st of the month is coming up. Dont forget that rent check to your parents.

this has been 67's song for months and months now. lacking any other real proof to support his theories, he screams "lmfao, look at how many open houses"

EK - only about 8,000 apartments are sold each YEAR in Manhattan. So 2,500 represents 30% of total sales, just in open houses.

Statistically significant.

I dont have these statistics, but what has been the average number of open houses in september over the past 10 years,

If more sellers, where are people going?
Switching to renting?
Leaving NYC for suburbs?
Leaving NY area?
Selling second homes and NYC investments?

Closest statistic i could find was 2815 in march 2009.

What has been the change in price from then until now?

Deanbillingsley, I think many have already left, and have just been waiting for a better time to sell, which would be now. Others are upsizing or moving to the burbs with their kids.

what is the NORMAL number of open houses?....

housing implosions a la vegas or fla were driven by way higher unsold inventory than we see in nyc, by huge numbers of underwater owners, and a wave of foreclosures that resulted in a downward spiral --- is any of that true in manhattan

buyerbuyer, first of all - no, BUT that doesn't mean that the forces of supply and demand don't exist here, and that prices can't come down in a market that is priced at pre-bubble levels, for all intensive purpose. Second of all, why are you bringing fla or vegas into this conversation, especially if you don't think it is applicable?

...and I just realized it's "all intents and purposes," not "intensive purpose" My bad....

My view is 1) nyc prices are very high in sort of common sense terms but the buy/own ratio is not quite as bad as some argue at the lower end of the price range, 2) if interest rates rise that might not be a net negative impact on nyc re because it might means thing a re going ok in the economy in general and on wall st , 3)there is obviously a huge amount of pent up demand that, despite an historic econoomic crisis, has kept prices from collapsing beyond the intial drop down say 20% or so, 4) the inventory here is not the mega-back-log that exists in the famously awful markets like fla, 5) nyc maybe like london and stay high-ish forever as a kind of luxury good.

So, absent a major macro-crisis, I do not see any micro NY factors that will cause any big drop soon.

I have mentioned vegas and fla because 67 constantly refers to huge prices drops he expects....

Well, for W67, that's like the old song "wishing, and hoping, and praying....."

Did someone say something?

How would you know?

Did someone say something?

OH wait - that's CC - who really needs to get more Scotch, grab his BB gun, and go out and SHOOT THOSE RABBITS!!!!

Let's just hope CC can cook rabbit - would be a sin to let them go to waste. (Then again, he probably can't as he is just a crazy old coot).

Did someone say something?

Did someone say something?

Oh wait - CC must be in his root cellar - THAT'S why we can't hear him!!!

this guy CC is so puerile and boring....why bother

buyer - SE grayed CC out because he is a stalker troll - They really should just delete him entirely.

why get tied up with cc, ph?--youre wasting valuable time in which you could be telling us moooore of your amazing ph---in underbuilt billyburg--the land of no supply and no land on which to build more supply...and more...and mooooore ph's

Wbottom - definitely not in "billyburg" and have no clue where you got that from.

Yes.

Do tell.

I have a terrace.

It's really big.

I can see a lot from my really, really big terrace.

I used to live in Brooklyn.

Now I live in manhattan.

Did I mention that I have a terrace?

Hey..did you know that I have a terrace?

A really big terrace.

Not a balcony.

A terrace.

Ahhhhh -CC - when will SE finally totally delete you? You definitely fit the definiion of stalker troll.

Did someone say something?

I'm with Stevie. 30% of listings having open houses is definitely not 'positive' for nyc re. Yo jimnutz.... Didn't you backtrack on the strength of rentals? Keep it coming..... I'm sticking around just to rub horse manure in re bullz.' face.

I can see CC's comments just fine. The "stop ignoring this person" link works. The "ignore this person" link work just as well too.

yes cc said something in reply to your inquiry of him in your immediately prior post

I think that w67th was correct about September. This was supposed by many to be the month when people came back from vacation with open checkbooks, ready to buy buy buy.

Oh, well. Maybe October will be the magic month that saves the RE market.

this was the first weekend of open houses post jewish holidays. i would give it a bit more time than just one saturday and sunday.

ekartash: O.K., but there goes September. Next weekend is October.

Ive been to a lot of open houses in the last year, the one obvious trend I guarantee is, more people are using streeteasy.
Over a year ago, if an open house had 10 sign ins,maybe 2/3 said SE or the internet for source of listing.
Yesterday, one sign in sheet I went to had ALL 7 sign ins listing internet or SE as the source.

Is SE killing the buyer's broker?

No, it's the fallacy of RE rises forever that's killing borkers....

ph41
about 24 hours ago
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columbiacounty Ignored comment. Unhide columbiacounty

ph41
about 23 hours ago
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