London Terrace, 405 W 23rd St – PPSF study from 1994 to 2012
London Terrace is 710 unit co-operative building in Chelsea on the northeast corner of 10th Ave and 23rd St. Shareholders …
Monthly Archives: January 2013
ML: Positive outlook for housing
BAML just released “Housing Heats Up” which basically offers a positive take on the national housing picture. The authors present …
S&P500 approaches historic highs, DJ REIT index making new highs
Food for thought. S&P500, previously peaked in 2000 and 2007: DJ Equity All REIT Total Return Index:
Update on Inventory – Inventory declined, prices rose in Q4
In Q4 of 2012 the story remained low inventories: Manhattan at a seven year low, Brooklyn at a five year …
Mortgage rates fall toward record lows again
From USA Today Mortgage buyer Freddie Mac says the rate on the 30-year loan dipped to 3.38% from 3.40% last …
Best performing hedge funds invested in mortgages
For the first 10 months of 2012, three of the top performing hedge funds invested in mortgages according to Bloomberg. …
American Express to cut 4,500 jobs
Reports the NYT [AmEx] would cut about 5,400 jobs, mainly in its travel business, as it seeks to cut costs …
Morgan Stanley to cut 1600 jobs, half in the US
…and MS is headquartered in NYC. Seen a few of these announcements recently. Can’t imagine bonuses will be great at …
The Fed asks why mortgage rates aren’t even lower? 2.6% anyone?
An interesting Fed blog asks the question why mortgage rates, already quite low (3.3% around the time of the publication) …
Sandy Relief
One could argue that Sandy may provide somewhat of an economic boost to New York City in 2013. To the …
Lots n Plots 