Housing data one big puzzle, broker says
October 29, 2009 01:30PM
With the glut of housing data and statistics available, it's difficult to know which figures give the most accurate representation of home sales and prices. In Manhattan, the disparity between national housing figures, such as average home price and sales, and city numbers can be particularly noticeable. Rather than one national market, there are, in reality, many mini-markets to evaluate, according to broker Douglas Heddings, president of the Manhattan-based Heddings Property Group at Charles Rutenberg Realty. Heddings told Fox Business News that it's unwise for both homebuyers and mortgage lenders to rely on monthly national data to determine housing trends. The data "can be incredibly confusing to the buying and selling public," Heddings said. "The lenders looking at all of the [markets] exactly the same is a negative but it is, in fact, the case."
[Fox Business]
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Comments
Anonymous
I think Doug was right on and honest.He should know that there are other people in this town who do agree with his assessment on the government hand outs. Good luck to him.
Comment #1 Posted By: Anonymous 10/29/09
Anonymous
I really like this broker, he is honest, hard working, he knows what is up, i hope someday i grow up to be like him :)
Comment #2 Posted By: Anonymous 10/29/09
Anonymous
Nice job Hedding. Now all you have to do is get some business and work for a real firm, instead of working at home in your pajamas.
Comment #3 Posted By: Anonymous 10/29/09
Anonymous
what happened is that he got smart and went and ahead and started to work for himself so that he can keep the money he works so hard in and yes, often rather than not with options to represent his clients. if anything, this guy knows exactly what's up. the doesn't have the mob mentality that you have to work for a name brand that rips you off and gives you nothing for nothing and throws you out after they are done taking you for everything that you are worth. So YES GOOD JOB
Comment #4 Posted By: Anonymous 10/29/09
Anonymous
define "real" #3
Comment #5 Posted By: Anonymous 10/29/09
Anonymous
# 3 sounds jealous...
Comment #6 Posted By: Anonymous 10/29/09
Todd Stevens
I still love Doug Heddings! Isn't it so nice we have a responsible, mostly eloquent speaking and honest realtor advocating for us on Fox News - he hasn't lost his flair and talent even after he left Douglas Elliman, while there are some who seem to lose certain attributes when they start on their own or work as the powerhouse of a smaller company. Thank you Doug Heddings for providing an impeccable voice for New York and America's real estate markets!
Comment #7 Posted By: Todd Stevens 10/29/09
Doug Heddings
How refreshing to see some positive comments :-) Thank you all. It's a breath of fresh air to be able to talk about what is really going on without repercussions from a corporate entity trying to protect their agenda. I love you too #3 and if you want a job feel free to stop by my office anytime. Although none of us wear our pajamas, it sounds like a fantastic idea so please bring yours :-)
Comment #8 Posted By: Doug Heddings 11/10/09