Midtown: You Don't Have to Be a Billionaire to Live There

Let’s Go to Brooklyn Part 2

As promised, Rosemarie has more information about the 69 square acres that is Brooklyn New York. She covers Dumbo, Greenpoint, Williamsburg, Prospect Heights, and Park Slope neighborhoods.   Does her Market Report from UrbanDigs [https://www.urbandigs.com/blog/] answer the big question: Is it a buyer’s market? Well according to Rosemarie, it’s yes and no.   And her Deane Gets it Done story this month is about how to sell a church; it’s complicated, but she got it done!  Her quote of the month is short and to the point, but some would consider the advice impossible.   As always, contact her if you have any questions about buying or selling real estate.  Rosemarie.deane@sothebys.realty [https://www.sothebysrealty.com/eng/associate/180-a-df20082615161011821/rosemarie-deane] Call or Text her at 917-407-8452   Market Update Transcript Latest Urban Digs report for Brooklyn Supply of new properties on the market is way down, 20% from the highs in 2021. Pending sales are picking up, but still down compared to last year. Last year was exceptional. Is it a buyer’s market? Yes and no. Co-op and condo sellers are not panicking. There may be a slight discount from the asking price, between 3.5 and 4.5 percent, but nothing dramatic. The same applies to townhouses. Buyers have some leverage, but not as much as they would like. Average price in Brooklyn still cheaper than Manhattan at under $1000 a square foot.   Want your own Podcast Show? Contact Michelle here [https://www.modcastproductions.com/].

Let’s Go to Brooklyn, Part 1

In this episode (part 1 of Brooklyn, primarily Brooklyn Heights), Rosemarie discusses its fascinating history and importance to Greater New York.   Deane Gets it Done this time with alluring Autumn treats and a willingness to compromise.   Her quote of the month is very frank but accurate from John Paulson [https://paulsoninvestment.com/], American billionaire hedge fund manager. Plus, as always, she has a short and sweet Market Report for the latest activity in NYC and beyond.  Contact Rosemarie anytime at  here! [https://www.sothebysrealty.com/eng/associate/180-a-df20082615161011821/rosemarie-deane] See if a Podcast Show is right for you: contact me at  michelle@modcastproductions.com [https://www.modcastproductions.com/contact]

The Many Faces of the Upper West Side

You think your town or city has changed throughout history, wait until you hear the origin story for the Upper West Side of Manhattan. Let’s just say Rosemarie got to see it’s many renaissances if she liked it or not.  Her Deane Gets It Done story is another example of quick thinking and determination all for the client’s satisfaction. She does not allow someone’s indecision affect the outcome of a great deal.  As always, contact her [https://www.sothebysrealty.com/eng/associate/180-a-df20082615161011821/rosemarie-deane] if you have any questions about buying or selling real estate. Rosemarie.deane@sothebys.realty [Rosemarie.deane@sothebys.realty] Call or Text her at 917-407-8452

How Deane Didn’t Get It Done

Have you ever broken your own rules and immediately regretted it? Well, Rosemarie, even as a true professional, has learned the hard way from not listening to herself. Hear all about how Deane did not get it done, how the city’s demographic maybe changing forever, and how NYC handles summer in this August episode.   Last month’s quote was from Robert Kiyosaki [https://experts.richdadworld.com/free_online_training_with_robert_kiyosaki/3q?utm_source=event_marketing&utm_medium=web&utm_campaign=bp_3q_ggl&v1=1023&v2=Evergreen&v3=db5eab70ea804c03b935bf7fb6395cee&v4=181&gclid=Cj0KCQjwuaiXBhCCARIsAKZLt3m9liO8LcQMsPj6Fr2jG3dxpV1Ls7KmLtPSRspkKZrNFCKhHfgOkBkaAuxyEALw_wcB&slid=&pdv=c&pcrid=449599410477&mkwid=&pmt=e&pkw=robert+kiyosaki] the author of “Rich Dad, Poor Dad.” He wrote: “Real estate investing, even on a very small scale, remains a tried-and-true means of building an individual’s cash flow and wealth.” Here’s this month’s quote: “Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy”. As always, contact her if you know who said that, or if you have any questions about buying or selling real estate. E-mail Rosemarie at Rosemarie.deane@sothebys.realty  [https://www.sothebysrealty.com/eng/associate/180-a-df20082615161011821/rosemarie-deane] Call or Text her at 917-407-8542 Enjoy the rest of your summer!   Market Report The word for the market is “stabilizing”. The market is not crashing, it is not dead, it is experiencing a seasonal slowdown, as it used to do in the summers before Covid. Nobody is panicking. In fact, pending sales are up slightly, and supply is drifting down. Some sellers are waiting for summer to be over before putting properties on the market in the Fall. Summer was always a slower market. In 2020 the market came to a halt. In 2021 pent up demand sped up the market. Now we are back to normal. The concern about rising interest rates is overblown. Interest rates are about what they were in 2019 before Covid. For most mortgages that is between 4% and 4.5%. Has this affected demand? It doesn’t look like it, yet. That said, there is some downward pressure on pricing, but not dramatic, as in some other overheated markets. Perhaps 4% to 5% at most, depending on the property. There is still a shortage of properties.

Midtown: You Don't Have to Be a Billionaire to Live There

Much has changed in the past month and everybody’s asking Rosemarie: Is another crash in real estate coming? Well, she’s not a Cassandra, in the business of predictions, though she can give you some reassuring facts in this episode. The spotlight this month is on Midtown Manhattan with a shout out to a fabulous new book: The New Kings of New York by Adam Piore, which delves into details about the developers, Steve Ross, Harry Macklowe, Gary Burnett, Will and Arthur Zeckendorff, amongst others. They took a chance and built luxury condominiums in the sky to attract international buyers who saw New York city as a glamourous, but above all, stable place to invest in. You don’t have to be a billionaire to live in Midtown Manhattan! Outside of the tall towers there are, believe or not, cheap apartments. And young millennials, priced out of Greenwich Village and Tribeca, are moving in. Enjoy this episode’s Deane Gets It Done  story:  Everything is riding on the kitchen sink? Even though you are a big developer spending millions on construction, it pays to listen to your buyers. Plus, she has another notable quote about real estate; can you guess who said it? Listen and if you know, email Rosemarie at here [https://www.sothebysrealty.com/eng/associate/180-a-df20082615161011821/rosemarie-deane]!