A Little Heat in the Cold

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Since January 2, as temperatures have plummeted in the metropolitan area, more New Yorkers have piled on their outerwear and attended week-end Open Houses.  The market, which has been functioning at quarter speed since mid-September, is thawing slightly, even amidst the doom and gloom of the current economic picture. Not only have more prospective purchasers [...] Read More

Warburg Realty Year End Report

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By Frederick Peters, President, Warburg Realty The second half of 2008 saw the quickest, deepest changes in New York’s residential real estate market which I have experienced in my career.   In the weeks following Labor Day, and accelerating exponentially after the bankruptcy filing of Lehmann Brothers on September 15th, credit markets froze, real estate transactions [...] Read More