Monthly Archives: May 2011

I’m OK, You’re OK…Or Are You?- Latest from Warburg blog as President Frederick Peters discusses board approval process and new bill before city council

Tweet   Frederick Peters, President How do co-op Boards manage the purchaser approval process, and are they acting in an appropriate manner when doing so? These questions are the driving forces behind a contentious new bill which is currently before the New York City Council. The bill has been proposed to end hidden discrimination in…

Latest from Warburg President Frederick Peters on the Warburg Realty Blog : MUCH HAVE I TRAVELED IN THE REALMS OF GOLD

Tweet Frederick Peters, President This wonderful opening line from Keats’s poem “On First Looking Into Chapman’s Homer” also accurately describes my excitement (Philistine that I am!) every time I open the Select Register to look at a floor plan! In many ways I became a real estate agent, back in 1980, because of my love…

Manhattan Market Mondays :The Art of Silence

Tweet There’s an art to remaining silent,and merely listening and observing. Never is that more the case when you wake up and you are starting to lose your voice (which is very much the case for me today,thank goodness for technology-and being able to minimize time spent on the telephone).   This last week has…

Manhattan Market Mondays : To wait…or not to wait…

Tweet A fascinating week has flown past.And several things were on my mind,from meatballs,to NYC real estate,to jury duty to AIDS Walk NY 2011. Let’s take a step back.Last Saturday night (as in the previous weekend,not the weekend that just passed),we finally decided that we had the time to wait.Wait for what you might ask…

Spring Forward- latest from Warburg President Frederick Peters on what’s going on in the market

Tweet By  Frederick Peters, President Here’s my market update from the Warburg agents about what’s hot and what’s not in the current New York real estate environment: · There is no consistent “market.” Depending on the size, condition, and location of the property, there are a variety of submarkets which are behaving dissimilarly to one…

Manhattan Market Mondays : Listening….

Tweet For reasons I can’t quite put my finger on,I’ve been thinking about ‘listening’ all day,all weekend really. Mother’s day perhaps results in my being unusually pensive to some degree I suppose…. And then, having spent part of the day today (the lion’s share of it),sitting,waiting while on jury duty.I wasn’t in the juror lounge,but…

TAKE YOUR PICK- latest from Warburg President Frederick Peters on the Warburg blog

Tweet By Frederick Peters, President For all you customers out there in the NYC real estate market- you only have three options: rent, buy, or stay put. Each of these options has its benefits and drawbacks which vary as the market ebbs and flows. Here is where I see it at the moment: OPTION 1: If…

Feliz Cinco De Mayo

Tweet A repost from last year. What Cinco de Mayo is *actually* about…briefly ! —- Happy Cinco de Mayo ! Over dinner last night,my dear s/o and I were discussing how often many people don’t know the true significance of various holidays,for example Cinco de Mayo.He commented that on a recent business trip someone said…

By the numbers : Some stats from the Warburg Realty website in April 2011

Tweet A world of statistics and data.Its important to track and measure while determining levels of success. Its no different in real estate. And as is oft repeated,these days more than eighty percent of buyers begin their home searches on the internet. The cutting-edge Warburg Realty website, warburgrealty.com, incorporates tools to make the search for…

The Shadow Knows. Or Does It? – Latest blog from Warburg Realty CEO Frederick Peters

Tweet Frederick Peters, President Many of the blogs and quarterly reports covering our New York real estate market continue to talk about “shadow inventory.”  This term refers to the backlog of unsold condominium apartments, many converted to rentals in the last couple of years, which developers built during the boom but were unable to sell…