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Markets Normalizing After 5+ Years of Fed Rigging? Where is the money going??
A: Crazy stuff is going on in Equity markets and the US Treasury market right now as bonds are selling off in a fierce way. Sure, one can look at where we are and the bigger picture and say the...
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Knowing When A Deal May Be Running Away From You
A: I originally published this article in May of 2011. But given the market conditions across Manhattan & Brooklyn right now, and the recent NY Times article "The 'Shift the Goalpost' Home Sale" on...
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Animal Spirits, Higher Rates & Expectations...
A: Never discount the element of 'buyer emotion' from the equation when trying to understand what has been going on in the Manhattan marketplace since February/March. There continues to be strong buy...
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Manhattan Distribution Hub Changeover -- Some Side Effects
A: I apologize for the lack of content lately as we are in the process of transitioning to a new development team that will facilitate the launch of our new site & ongoing improvements in the near...
View ArticleChart Maintenance
A: A quick follow up on the last discussion and the impact it had on UrbanDigs charts. On Sep 18th, REBNY took full control over the Manhattan brokerage industry distribution mechanism (previously...
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Manhattan Continuing to Seasonally Outproduce
A: I say outproduce and not outperform because there is a difference between deal volume out there today and lagging price action. In terms of volume, Manhattan continues to produce at very high levels...
View ArticleReflecting on Manhattan's Record 2013 Performance
A: As I look back on 2013 phrases like "a lack of fear in the market", "multiple offers in", "record pace of deal volume", "inventory shortage", "is this contingent upon financing", come to mind. All...
View ArticleData Feed Maintenance
We got some data feed maintenance that is going on right now with our RLS vendor. Our Daily Ticker and supply/pending #s will be 'lower' for a few days until this is finished. Once finished, the UD...
View ArticleCracks in the Foundation? Equities Selling Off - Volatility Rises
A: Its been a while since there has been a reason for me to write something other than "equities continue to rise & so does Manhattan real estate" stories. Lets face it, in this fed engineered...
View ArticleMaintenance for JAN Monthly Charts
A: Just an update after data maintenance with our vendor occurred in late January into early February. Our systems have since normalized, however, we need to look deeper into January's surge of...
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Spring Fever
Wow, what a spring. Manhattan continues to push higher as supply shows no sign of surging anytime soon. Yes we have seen an uptick of supply over the past few months but it's a full on utility squeeze...
View ArticleData Feed Down, System Correcting Now
Our RLS data feed that powers the UD charts system went down for 9 days at the end of May, resulting in no new data feeding our system. The feed came back online Friday May 30th and files that we have...
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Bubbalicious?
A: I'm getting asked by so many buyers, readers, and colleagues if I think Manhattan real estate is in a bubble. Short answer: it's hard to be a bubble when mass lending is not occurring for the asset...
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Phantom Surge in Supply from Data Feed Issue
A: We are approaching the end of Q2 and I am getting many emails and calls about the recent surge in supply on the UrbanDigs Manhattan data system. I wrote about what happened a week ago when our data...
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Will Manhattan's Real "Supply" Please Stand Up
A: Boy oh boy oh boy. Its been a crazy month for anyone analyzing Manhattan residential real estate inventory stats due to the RLS outage that occurred end of May. You may see some vast differences...
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