Inflation
The real estate ad begins, “You will fall in love with this very unique home.” I cringe. It happens to me more and more frequently these days; I deplore the acceleration of what can only be… More
The real estate ad begins, “You will fall in love with this very unique home.” I cringe. It happens to me more and more frequently these days; I deplore the acceleration of what can only be… More
Innovation! The word is ubiquitous. This week, at the Luxury Real Estate conference I attended in Beverly Hills, innovation and technology were the topics of the keynote address and many of the networking conversations around the… More
It’s an exciting moment for me – this past week my daughter became the President of Warburg Realty, and I created a CEO position for myself. Although our roles have not really changed, titles matter. She is… More
Where does New York real estate stand today on the boom/bust continuum? Several recent articles in major publications have addressed the issue of “inventory overhang,” that phenomenon by which supply begins to outstrip demand and a… More
Every January stories abound which review the preceding year in real estate. With the press reporting that during the fourth quarter of 2015 the average sales price of apartments hit $1,950,000 and the median price hit $1,150,000,… More
The demographics at our Warburg offices form a microcosm of the world in New York. African-American, Armenian, Dominican, Puerto Rican, Filipino, Chinese. Irish, Italian, Sephardic and Ashkenazi Jews. High WASPS, Poles, and Russians. Beyond our interest… More
The apartment in which I grew up, which encompassed a full floor in a venerable Park Avenue co-op, had three master bathrooms. Each of them opened into two bedrooms, but none had outside access. For most… More
In the current market, do you sell first? Buy first? Or sell and buy at the same time? A lot depends on your financial situation and stamina for risk, disruption and chance. If you sell first,… More
Nothing provides greater opportunity for contemplation than a week outside the office. While working in my garden in Connecticut this past week, I thought a lot about being a business owner. As many of you know,… More
According to RealtyTrac, during the last nine months 80% of Manhattan apartments were purchased without financing. There is no question that cash is king here. However I believe that this percentage is inaccurately high and does… More