Talking Manhattan

In this episode of Talking Manhattan, Noah Rosenblatt, and John Walkup sit down with top, top, top Elliman broker Ann Cutbill Lenane to discuss the current New York City real estate market. Ann explains how the market is experiencing low transaction volume, particularly due to pricing challenges and the complexities of pre-war apartments that need renovations. She emphasizes the importance of accurate pricing and the value of experienced brokers who can guide sellers through pricing adjustments. Ann also covers changing industry norms and how brokers must adapt and go above and beyond to stay relevant. Finally, Ann dishes out advice for new agents, stressing the importance of working with seasoned professionals and always providing exceptional service. Annie gets it done! Highlights: 00:45 - State of the Market 01:50 - Impact of Renovation Costs 02:40 - Pricing Challenges 05:00 - Broker Experience and Knowledge 08:00 - Adapting to Change 10:00 - Importance of Service 14:10 - Advice for New Agents 17:00 - Mental Challenges in a Tough Market Ann's home page: https://anniegetsitdone.com/ Ann's page at Elliman https://anncutbilllenane.elliman.com/ Connect with Ann on LinkedIn: https://www.linkedin.com/in/ann-cutbill-lenane/ Follow Ann on Instagram: https://www.instagram.com/anncutbilllenane/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

In this episode of Talking Manhattan, Noah and John welcome Lisa Lippman, the top broker at Brown Harris Stevens for several years running, who shares her insights on the current Manhattan real estate market. Lisa describes the market as insecure, with high interest rates affecting financing-dependent buyers, while wealthy buyers face confusion about property values. She discusses the divide between coops and new devs, the challenges of renovation, and, in a masterclass of exposition, the importance of pricing correctly. As always, we end with advice, and Lisa breaks down how valuable experience, market knowledge, and persistence are to new agents. There's gold in these hills! Highlights: 01:00 - Current state of the market 02:00 - Impact of high interest rates on buyers 03:05 - Cash-rich buyers and generational wealth 04:25 - Bifurcated market: Coops vs. new developments 07:45 - Price trends since 2017 11:55 - Challenges with renovation costs 13:02 - Importance of accurate pricing 14:20 - Efficient markets and the importance of proper pricing 22:45 - Finding good value for buyers in the current market 28:05 - Advice for new real estate agents 30:00 - Final thoughts and takeaways Lisa's Page at BHS: https://www.bhsusa.com/real-estate-agent/lisa-lippman Connect with Lisa on LinkedIn: https://www.linkedin.com/in/lisa-lippman-a25915 Follow Lisa on Instagram: https://www.instagram.com/lisaklippman/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

In this episode of Talking Manhattan, Noah Rosenblatt and John Walkup of UrbanDigs sit down with Kane Manera, a top producer at Corcoran, to discuss the current state of the New York City real estate market. With over a decade of experience, Kane shares his insights into market trends, the dynamics of high-end and new development properties, and the unique challenges and opportunities present in today’s environment. Kane talks about the intricacies of the rental market, the importance of strategic pricing, and the critical role of relationships. Good stuff inside for both seasoned pros and new agents looking for insights about the current market. Highlights: 00:57 - Current state of the NYC real estate market 01:40 - Rental market trends and their impact on sales 03:35 - Cash-rich buyers and the luxury market 05:30 - NYC vs the world 08:45 - Shifts in buyer preferences 12:45 - The importance of pricing 15:10 - The significance of understanding personal circumstances 17:35 - Strategies for sellers 21:00 - Negotiating prices and creating urgency 24:00 - Brokers as trusted advisors 25:55 - The benefits of building brokerage community relationships Kane's Page at Corcoran: https://www.corcoran.com/real-estate-agents/detail/kane-manera/17174/regionId/1 Connect with Kane on LinkedIn: https://www.linkedin.com/in/kane-manera-4078a289/ Follow Kane on Instagram: https://www.instagram.com/kanemanera ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Join Noah and John from UrbanDigs as they chat with luxury real estate broker Wendy Maitland, founder and owner of Atelier by Wendy Maitland. With over 22 years of experience in the New York City market, Wendy shares her expert insights on the current state of the market, the dynamics of buyer and seller behavior, and the evolution of the real estate industry. Wendy discusses the challenges and opportunities in the luxury sector, the importance of adaptability and trust, and why new agents should focus on setting goals. Another great episode for anyone interested in the intricacies of Manhattan real estate! Highlights: 01:28 - The market's awkward "adolescent phase" 04:42 - Luxury's reaction to fluctuating interest rates 08:10 - The absence of luxury rent concessions 09:50 - Negotiability and the emerging desperation among some sellers 13:01 -The importance of market psychology 14:43 - Reflections on the evolution of the real estate industry 16:16 - Advice for new agents: know your strengths, set goals, and the importance of product knowledge and trust 23:00 - The value of building relationships with co-brokers and continuous learning Wendy's Page at Atelier https://www.awmrealestate.com/team/wendy-maitland Connect with Wendy on LinkedIn: https://www.linkedin.com/in/wendy-maitland-9774455/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Join Noah and John from UrbanDigs as they host a live webinar to dive into the complexities of the NYC commercial real estate markets with James Nelson, a leading expert and top producer from Avison Young. With extensive experience and deep knowledge of New York City's real estate landscape, James shares valuable insights on the current state of the market, investment strategies, and the potential for converting office spaces to residential properties. This episode provides a comprehensive overview of commercial real estate's current challenges and opportunities, making it a must-watch for investors, developers, professionals, and real estate enthusiasts. Highlights: 01:00 - Current State of NYC Commercial Real Estate 03:30 - Impact of Rising Interest Rates 05:35 - Buyer and Seller Psychology 07:00 - Foreign Investment Trends 09:00 - Office Leasing Market Post-COVID 10:55 Office-to-Residential Conversions 12:00 - Impact of 2019 Legislation on Multifamily Investments 15:00 - Retail Market Resurgence 17:10 - Challenges in the Office Market 20:00 - Understanding Cap Rates 23:00 - Insights on Pfizer Building Conversion 27:00 - Working with Commercial Brokers 33:00 - Alternative Uses for Office Space 36:10 - Local Law 97 and Its Impact 40:00 - Staying on top of data 42:00 - Is distress priced in? 45:15 - Podcasts as resources Link to James' Book, The Insider's Edge to Real Estate Investing: https://www.amazon.com/Insiders-Edge-Real-Estate-Investing/dp/1264865996 Links to James' podcast: https://podcasts.apple.com/us/podcast/real-estate-investing-live-from-new-york/id1486367901 https://open.spotify.com/show/0UcAl1JlzgGnHqQU4ayzQ5 https://jamesnelson.com/ James' Page at Avison Young https://www.avisonyoung.com/professionals/-/ayp/view/james-nelson/in/new-york Connect with James on LinkedIn: https://www.linkedin.com/in/jamesnelsonnyc/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today, Noah and John from UrbanDigs sit down with The Agency's Joan Kagan to discuss the current Manhattan real estate market. With 16 years of experience and a team of five, Joan is a seasoned professional who shares her unfiltered insights on market trends, the impact of interest rates, and strategies for both buyers and sellers in today's fluctuating market. Joan discusses the importance of adaptability, the role of family support in home buying, and the emotional resilience required for success in real estate. If you're new to the industry or an experienced agent, tune in for some great advice on navigating the complexities of today's market. Highlights: 00:35 - Current state of the Manhattan real estate market 02:10 - Acceptance of current interest rates by buyers and the shift in market dynamics 04:40 - Who's selling? 07:10 - Buyers and low-balls 08:30 - The importance of educating sellers about buyer behavior and managing expectations 09:50 - The rising rental market and the role of family support in the purchase process 13:02 - Joan's "data diet," including resources like UrbanDigs, Jonathan Miller's weekly emails, and others 14:35 - Advice for new agents The Joan Kagan Team Page at The Agency https://www.theagencyre.com/team/the-joan-kagan-team Connect with Joan on LinkedIn: https://www.linkedin.com/in/joankagannyc/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today, Noah and John from UrbanDigs sit down to discuss the current state of the Manhattan real estate market with Brian Morgan, founder of the Morgan Manhattan team at Corcoran. With nearly 20 years of experience, Brian offers valuable insights into market trends, the impact of interest rates, and the mindset of both buyers and sellers in a fluctuating market. Brian drops strategies for navigating the buyer's market, talks about the importance of staying positive, and explains how to leverage data for successful transactions. Whether you're a real estate professional or a potential buyer or seller, this episode is pure Brian: actionable advice + industry insider knowledge! Highlights: 00:31 - Overview of market trends 02:10 - The shift to a buyer's market 05:10 - The mindset of sellers in the current market 07:08 - Rent vs own - why some buyers still choose to purchase 09:30 - The lag in pricing and the potential for further price reductions 12:05 - Bipolar market activity 14:00 - Advice for buyers 16:35 - Tips for agent success in a slow market 18:33 - Using data to inform clients and make confident decisions Morgan Manhattan Team Page https://morganmanhattanteam.nyc/ Connect with Brian on LinkedIn: https://www.linkedin.com/in/brian-morgan-503b745/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today, Noah and John from UrbanDigs explore the state of the Manhattan real estate market with Stefani Berkin, President of R New York and real estate broker. Stefani leans on her extensive experience and leadership at R (over 800 agents!) to share valuable insights on current market conditions, the importance of staging, pricing strategies, and the evolving role of buyer's agents. In yet another insightful episode, she discusses the art of building trust with clients, navigating challenging conversations with sellers, and the secrets behind successful real estate transactions. Grab some coffee and take a listen! Highlights: 00:50 - Pricing properties correctly and the role of staging 02:00 - Managing client expectations and the industry's rapid changes 03:10 - The evolving role of buyer's agents 05:15 - Conversations with sellers and the dangers of overpricing 07:25 - Case study: staging to sell quickly and above asking 12:55 - The absence of desperation among sellers 14:55 - The characteristics and behaviors of successful agents 19:50 - Using data with confidence Stefani's page at R New York: https://www.wernewyork.com/Agent/27441/Stefani-Berkin Connect with Stefani on LinkedIn: https://www.linkedin.com/in/stefberkin/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today, Noah and John from UrbanDigs dive into the intricacies of the mortgage market with superstar lender Melissa Cohn, Regional Vice President at William Raveis Mortgage. Melissa is an industry legend, and she shares her expert insights on the current state of mortgage rates following recent Federal Reserve actions, the nuances of fixed versus adjustable rates, and the impact of mortgage banking on consumers. Whether you're a home buyer, a real estate professional, or just a finance enthusiast, Melissa's perspectives on navigating the mortgage landscape in today’s economic environment are spot on! Highlights: 00:35 - Implications of the Fed's rate pause on the mortgage market 04:50 - Mortgage industry commissions post-NAR 07:50 - Warrantable vs non-warrantable in mortgage financing. 12:20 - Challenges in the mortgage lending process today 14:10 - Non-QM (Non-Qualified Mortgage) lenders 14:40 - The challenge of crypto 16:10 - Mortgage assumptions 17:35 - Melissa'a daily data routine Melissa's page at Raveis: http://www.raveis.com/mortgage/MelissaCohn/ Connect with Melissa on LinkedIn: https://www.linkedin.com/in/melissacohn/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

In this episode of Talking Manhattan, Noah and John welcome Anna Kahn from Brown Harris Stevens. With over 28 years in the industry, Anna shares her invaluable insights on the current state of the market, including thoughts on the surprising effects of interest rates and the art of closing deals in a competitive environment. She also provides practical advice for preparing listings and emphasizes the primary importance of listening in client consultations. Anna's got what it takes to thrive in NYC's real estate scene, so listen in! Highlights: 02:00 - Current market activity and aligning expectations 04:45 - Qualifying buyers and being discerning with offers 07:15 - Advice on pricing strategies 09:53 - Costs and benefits of physical vs virtual staging 14:00 - Shifting from a 'listing pitch' to a 'listening consultation' 17:36- Strategies for new agents 21:04 - Renovated vs unrenovated Anna's page at BHS: https://www.bhsusa.com/real-estate-agent/anna-kahn Connect with Lisa on LinkedIn: https://www.linkedin.com/in/annamkahn/ ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need. https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

In this episode of Talking Manhattan, Noah Rosenblatt goes one-on-one with Lisa Chajet, a top producer from Coldwell Banker Warburg. They dive into the current state of the Manhattan real estate market, focusing on key insights for buyers, sellers, and agents. Lisa shares her expert perspective on the impact of pricing strategies, the importance of staging properties for sale, and navigating the complexities of the market amidst fluctuating interest rates and buyer preferences. With over 20 years of experience, Lisa's advice spans the art of making a property appealing, understanding market dynamics, and the critical role of agent collaboration in achieving success. Some good takeaways for anyone involved in NYC real estate! Highlights: 01:49 - Staging and pricing dynamics 07:00 - Preparing for sale with a look at ROI 08:47 - Challenges of selling units that need renovations 10:44 - Why content should focus on the property, not the agent 13:55 - Impacts from NAR decisions 17:20 - The importance of building relationships 20:34 - Manhattan's complexities require a collective effort Lisa's page at Warburg: https://cbwarburg.com/agent/lisa-chajet/ Connect with Lisa on LinkedIn: https://www.linkedin.com/in/lisa-chajet-505a9b186/ ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need. https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

In this episode of Talking Manhattan, Noah and John welcome James McGrath, co-founder and broker at Yoreevo, to discuss recent trends in the Manhattan, Brooklyn, and New York City real estate markets. James talks about an unexpected surge in market activity during February, attributing it partly to a slight decrease in mortgage rates which reinvigorated buyer interest. The conversation also touches on the affordability challenges, particularly with co-ops, leading to a noticeable shift of buyers towards condos. James also shares his insights on building successful client relationships in real estate, emphasizing the importance of trust, value, and the strategic use of data to guide clients through their purchasing decisions. He advocates for honesty and the necessity of admitting when further information is needed, underlining these as key factors in establishing credibility and long-term client loyalty. Another good one! Resources mentioned: Property Taxes - https://a836-pts-access.nyc.gov/care/search/commonsearch.aspx?mode=address Flood Zone - https://dcp.maps.arcgis.com/apps/webappviewer/index.html?id=1c37d271fba14163bbb520517153d6d5 Noise Map - https://maps.dot.gov/BTS/NationalTransportationNoiseMap/ Highlights: 00:42 - Uptick in activity 02:11 - Impact of interest rates 04:00 - Coop vs condo: affordability 11:45 - Strategies for turning leads into clients 14:26 - Building credibility with data 17:15 - Significance of admitting when additional research is needed James' page at Yoreevo: https://yoreevo.com/agent/james-mcgrath Connect with James on LinkedIn: https://www.linkedin.com/in/james-mcgrath-52b93913/ ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need. https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today, Noah and John sit down with Ari Harkov, seasoned NYC expert and co-founder of the powerhouse Harkov Lewis team at Brown Harris Stevens. Ari shares his observations on Manhattan and Brooklyn and provides an in-depth analysis of current market dynamics. He discusses the complexities and variabilities of the market, touching on topics like the impact of interest rates, seasonality in buying and selling patterns, and the nuanced behavior of different submarkets. Ari's insights shed light on the challenges and opportunities within the real estate landscape, offering a comprehensive view that combines data-driven analysis with on-the-ground experience. Ari is an expert's expert, so highly recommended! Highlights: 04:04 - Market Dynamics and Seasonality 05:30 - Impact of Cash Buyers 09:10 - Election Year Uncertainties 11:40 - Reflection on a 'Lost Decade' 15:30 - Basic math for Nervous Buyers 21:10 - Future of NYC Real Estate 27:10 - The Human Element in Real Estate Harkov Lewis Team Page: https://harkovlewis.com/ Ari's Page at BHS: https://www.bhsusa.com/real-estate-agent/ari-harkov Connect with Ari on LinkedIn: https://www.linkedin.com/in/ari-harkov-54a7216/ ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need. https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today on Talking Manhattan, Noah and John sit down with Trove founder and Compass powerhouse Ian Slater. Ian is another member of the $1B+ club, and his wealth of experience is on display here. He discusses the Manhattan real estate markets as they transition into 2024 and, hopefully, a nascent recovery. Ian shares his unique perspective, having experienced his best year in 2023 against a backdrop of varied market conditions. He addresses the challenge of low inventory, the impact of interest rates, and the shift toward luxury and off-market properties. Additionally, Ian emphasizes the importance of data analysis, trustworthiness, and providing valuable advice to buyers and sellers to navigate the market's complexities. Good stuff, as always! Highlights: 01:50 - 2023 Market performance and its impact on business 03:25 - Challenges with low inventory and hesitant sellers 06:00 - Trends in new dev for 2024 07:50 - Renovation challenges and market dynamics affecting decisions 10:10 - The psychology behind buyers' preference for off-market properties 15:00 - The role of data in advising and gaining trust from clients 20:25 - Importance of knowledge and relationships in real estate Trove's Page: https://www.trove-partners.com/ Ian's Page at Compass: https://www.compass.com/agents/ian-slater/ Connect with Ian on LinkedIn: https://www.linkedin.com/in/ian-slater-53688124/ ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need. https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Got a good one today on Talking Manhattan! Noah and John sit down with Nicole Gary, Founder of the Nicole Gary Team at Keller Williams NYC, to discuss the market at the start of 2024. Nicole is no stranger to the NYC markets. She's one of the hardest-working brokers out there, and with operations in Miami, she can speak to what's happening outside our bubble. Nicole talks about the recent increase in market activity, especially in luxury properties, with a notable contract in Manhattan Central Park Tower hopefully leading the way toward a rebound, and shares insights on maintaining client relationships, differentiating her team, and the significance of broker-to-broker relationships. Spoiler alert: gotta be authentic, persistent, and focused on relationship building. Good stuff from one of the greats! Highlights: 00:53 - Market overview and performance in early 2024 02:04 - Impact of interest rates and buyer behavior in 2023 04:15 - Trends in the luxury real estate market 06:43 -Strategies for standing out in a complex market 09:15 - Addressing challenges with sellers in price negotiation 11:00 - Seller's mindset and market acceptance 12:57 - Importance of broker-to-broker relationships 16:06 - Building a luxury brand through high-end customer service. Nicole's Team Page: https://www.nicolegaryteam.com/ Nicole's Page at KWNYC: https://kwnyc.com/associate/nicole-gary/ ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need. https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Got a good one today on Talking Manhattan! Noah and John sit down with special guest Ryan Tomasello, Managing Director at KBW, to delve into the transformative changes coming to the real estate industry with a particular focus on new commission structures and the implications of lawsuits against NAR and other major brokerages. We discuss the impact on agents and consumers with potentially more transparent and lower commission rates and the evolution of market structures with increased competition and more diverse pricing models. As a Wall Streeter, Ryan provides a unique, outside perspective on broader economic effects, and in this episode, he underscores the need for real estate professionals to be ready to adapt to changes while effectively communicating value. This is a good one to help you stay ahead and remain competitive in our rapidly evolving industry! Highlights: 02:06 - A high-level overview of what's happening 04:00 - Part of a much bigger storyline 07:50 - "There's a reset coming" 10:36 - Possible new revenue models 13:55 - The 80/20 rule 16:35 - Knock on effects 20:00 - Timeline 23:14 - Winners and losers 25:11 - Final thoughts Ryan's page at KBW: https://www.kbw.com/about-us/our-team/research/ryan-tomasello/ Ryan's page on LinkedIn: https://www.linkedin.com/in/ryantomasello/ ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need. https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today on Talking Manhattan, Noah and John sit down with special guest Raphael De Niro, founder of the uber-productive De Niro Team at Douglas Elliman. With decades of experience, not to mention billions of dollars of sales to his credit, Raphael dives into the dynamic world of Manhattan real estate, discussing trends, market shifts, and even the future of housing in New York City. From the impact of renovations on property values to the intriguing trends in the luxury market, this episode has some great insider insights. Whether you're a newbie, a pro, an enthusiast, or simply curious about the Manhattan market, this episode is one to watch. Highlights: 03:23 - The growing gap between renovated and unrenovated properties 07:18 - Pied-a-terre is doing better than the primary user market in the high-end 08:02 - Discounts are all over the place 11:46 - Can lower rates get the traffic moving again? 15:13 - The bull case for Manhattan 16:19 - Lightning round thoughts on pent-up demand and what 2024 might hold 22:13 - No better time than a slowdown to up your game The De Niro Team: https://deniroteam.com/ Raphael's page at Douglas Elliman: https://www.elliman.com/newyorkcity/associate/527-a-556-rad/raphael-de-niro ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need. https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Today, Noah and John are joined by industry legend Steven James. Steven is the President and CEO of Berkshire Hathaway HomeServices New York Properties and has been in the trenches for over four decades. From good markets to bad markets, smooth deals to rocky deals, Steven has seen it and lived it. Today, he examines the key challenges and shifts in the 2023 real estate market and addresses changing buyer behaviors, pricing adjustments, and the new landscape agents must navigate. We also dive into the upcoming regulatory changes facing buyside commissions and the need for agents to demonstrate their value. Steven also discusses the impact of media portrayals on the industry and the importance of effective communication, particularly in complex transactions. All in all, this episode offers a concise overview of the evolving NYC real estate scene at a time when confusion and fear are starting to run high. Another must listen! Highlights: 00:35 - What's happening out there? 02:25 - Recognizing the reality of pricing 06:05 - Regulatory change and agent livelihoods 09:00 - The importance of communication and understanding the market 12:55 - Agents need to articulate their value to consumers 18:45 - Real estate's public image and the potential resentment 22:37 - Buyers are the key Steven's page at BHHS NY: https://nyc.bhhsnyproperties.com/real-estate-agent/3583/steven-james ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need. https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

Sean McPeak, founder of the Empire Collective at Serhant, sits down with Noah Rosenblatt and John Walkup to talk markets today. Sean's first market was in 2009, so in 2023, with buyside and sellside activity below typical seasonal levels, his experiences and lessons learned are super relevant. All in all, with an engaging mix of insights and real-world wisdom, Sean offers a grounded perspective on navigating Manhattan's complex real estate environment. Something for everyone here! Highlights: 01:20 - What's going on in the markets today? 02:07 - Days on market not uniform 03:23 - Renovated vs unrenovated 04:51 - Seller sentiment today 07:21 - Could resetting ARMs bring new inventory? 09:02 - The price cut conversation 10:46 - Shift seen in closing prices, not yet asking prices 13:00 - Getting creative to get deals done 14:19 - Advice to new agents The Home Team page: https://hometeamnyc.com/ John's page at Elegran: https://nyc.elegran.com/agents/john-dugan *** UrbanDigs Advisor *** Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount. The ROI is literally off the charts! Email support@urbandigs.com and let us know what you need. Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/

John Dugan, one of the top producers at Elegran | Forbes Global Properties and founder of the Home Team, sits down with Noah Rosenblatt and John Walkup of UrbanDigs to talk about the markets as they are (and as they aren't) today. John posts huge numbers in sales and rentals and can speak to all sides of the market. Moreover, his background serving as a Marine and working in a Michelin-starred restaurant taught him the power of training the mind. Good stuff! Highlights: 02:33 - It's a cash buyer's playground out there 04:40 - Unrenovated units getting penalized 08:05 - Tracking the shifting market 11:13 - Where are we now? 13:06 - Nurturing buyers 15:11 - "An untrained mind is a weak mind" 18:17 - Thinking outside the box to get new leads The Home Team page: https://hometeamnyc.com/ John's page at Elegran: https://nyc.elegran.com/agents/john-dugan *** UrbanDigs Advisor *** Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount. The ROI is literally off the charts! Email support@urbandigs.com and let us know what you need. Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/