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Selling the Grandparent Hotel

Tales of a Seasoned Broker One of my favorite customers began our meeting with the following words, “We love the cozy three bedroom home you sold us where we raised our 4 children, the youngest of whom recently left for college. At the moment we are essentially empty nesters but here is the plan. We…

Second Annual Housing Market Prediction

Tales of a Seasoned Broker Last year we wrapped up 2021 with  predictions for the upcoming 2022 market.  We certainly called interest rate hikes correctly but what we  did not anticipate was the near total halt of  inventory coming up for sale. We did predict that the driving force of the real estate market would…

The Miracle of the Downdraft Vent

Tales of a Seasoned Broker Yes, I can still remember my mother frying latkes in our Borough Park attached home. As you might imagine there was no working kitchen hood anywhere in sight. If things got bad enough ie. burning latkes, smoking frying pans, the only recourse was to crack a window wide open. As…

Our Local End-of-November Market Update

Tales of a Seasoned Broker Last week we looked at the national market and analyzed some general Bergen County statistics but  this week, as we enter the last month of the year, I wanted to highlight the specifics of the Teaneck, Bergenfield and New Milford markets. The trends of low inventory coupled with equally low…

What Do These Numbers Indicate?

Tales of a Seasoned Broker The Wall Street Journal recently wrote about national real estate companies like eXp Realty(NASDAQ EXPI) and Compass Realty (NYSE COMP) who have experienced what anyone would call a market crash with both of their shares losing close to 70% of their value in just the last 12 months. Could this…

The Indelible Memories of Childhood

Tales of a Seasoned Broker Growing up, every Sunday at 2 pm my parents would put me in the back seat of our two- toned green Chevrolet  and we would drive across Brooklyn to visit my grandparents in Williamsburg. Upon arrival we would be promptly ushered into the living room and for the next two…

National vs. Local

Tales of a Seasoned Broker Many of us may have read the article in the Wall Street Journal this past week heralding the news that home prices had their biggest month to month decline in more than a decade during the month of August. This was based on the Case Shiller National Home Price Index…

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