Frederick Peters’ New York

Up and Down

Why do agents prefer a seller’s market? It’s not because prices are higher. Actually I think experienced agents tend to be a little relieved when prices correct; it maintains the health of the market. We prefer… More

Opportunity Knocks

Warren Buffett famously said (and I am paraphrasing here) that he likes buying when people are nervous, but that he gets nervous when people are buying. Whether it’s stock or real estate, most consumers tend to… More

What Marketing Can And Can’t Do

The E. 60s townhouse, now represented by its 12th agent, took a price reduction last week which finally brought it below $20 million. While still no bargain, it represents a greater acceptance of reality by the… More

Take A Hike (Or A Ride)

A few weeks ago some colleagues and I visited the Open House for our exclusive at 10 West Street in Battery Park City. My two downtown Sales Directors, Brennan Zahler and Camille Duvall, suggested that we… More

Why Don’t They Just Make An Offer?

Why don’t they just make an offer? Because they don’t! We can’t exactly explain why, but I do have a few ideas about why buyers will pass on a property, even if they like it, rather… More

Which Would YOU Choose?

Each year, the price per square foot difference between new condominium and prewar co-operative apartments continues to grow. Co-ops now sell for almost 20% less than their condominium cousins. While some of this value difference can… More

Dazed and Confused

Unemployment has hit record lows this week. The stock market, although battered in the last eight weeks by an ice water dose of real world problems, remains at levels almost unimaginable even five years ago. Interest… More

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