This Sunday Open houses wil be dead!!!!! Why

Well...maybe because most people with $$$ will be away in their beach/country homes...maybe because it will be at least 95 degrees out side. To use the Puerto Rican day parade as a reason...pathetic!!!

I will be at 2 open houses

Yudimar- Have you ever tried to move around the city during a major parade? There are going to about 3.5 MILLION people on the streets and flooding the mass transit system all day. Sometimes it takes 1 hr to get across the street. That is what I was saying. I don't care if its the PR, Cuban, ST. Pats or the Salute to Israel Parade. This is the largest parade by far. I would tent to think that since most people like to hit several open houses in an afternoon that this parade may make it impossible to do so. And next time please spare the racist innuendo. Thank you.

Your name says it all-super

your language is unacceptable....either use words that are in the dictionary or get off the site.

Actually julia, that word is in the dictionary

http://www.merriam-webster.com/dictionary/....

you're right juicMan but still unacceptable the way that "pig" was using it.

adios thesupertrooperwturd, that was brief but entertaining stint you had.

Someone was actually censored on this site? How fab. Cassandra does Tokyo recently used the same expletive (or is it a descriptive?) (although not randomly, rather to refer to Hillary) and I found myself feeling rather ill.

This thread is probably not readable as we zapped a bunch of comments. The miscreant behind thesupertrooperwerd will probably create another account, and continue his less than useful contributions. Please let us know and we'll zap those too.

his other contributions in other threads have been zapped too. that's the real beauty ;-) it's like he never existed...

streeteasy, dont you know his ip addr, cant you associate him with any other accounts that either already exist or could exist ? why not just exposure the idiot

sorry meant to say exposure

People tend to comment a great deal on open house traffic. I think it is a distraction for the most part. I find open house attendance a very spotty indicator of the market. All winter tons of people milled about the 70 open houses I attended and yet bids were few and far between with properties sitting for relatively long times. I continue to see the GV market as flatlining for the past 3 weeks more than at any time in the past 7 months. New inventory is non-existent and few are going into contract. There is certainly no ticking up of pricing and those who insisted prices are still increasing when setting sales prices have been duly spanked by the market. See, e.g., http://www.streeteasy.com/nyc/sale/226908-coop-20-east-9th-street-greenwich-village-manhattan which listed with Beth Chase Realty for a month at $1.350.00 and went no where while she insisted the market was going to just snatch the place up at what would be a record price in the building for a low floor unit; it got no offers anywhere near asking. Now, that unit is sitting with Corcoran at $50K less and still apparently not inspiring a bidding war. Or see the bizarre price history of http://www.streeteasy.com/nyc/sale/134264-coop-4-lexington-avenue-gramercy-park-new-york -- an apartment the brokers have seemed clueless about in assessing its value in the current market.

On the other hand, prime GV real estate that is more conservatively priced (not marked up 5 or 10% over last year, but on a par with 2007 prices or even a bit shy of those prices) still goes to contract quickly.

I think this segment of the market is instructive. The neighborhood is prime, the buildings very good to excellent and the values hold here as much as anywhere. Yet, even in this segment things are more or less deadlocked.

So will open houses be busy or not this weekend? I have no idea. Maybe a sunny hot day will make people want to walk around browsing. But with the DOW down 400 today and nothing happening to mark clear directions in the credit markets or real estate market, I don't think buyers are in any mood to be making bids that sellers will find of any interest yet. If inventory starts building again as we enter and move through summer, I suspect sellers will soften somewhat or the logjam will just continue into fall since the economy ain't doing nothing great and nothing suggests buyers flush with cash to spend will suddenly arrive. Inventory shot up during the spring from 5000-ish to almost 8000 now. It's been flat for a couple of weeks. Let's see where it goes now.... That will be a better predictor than open house traffic.