Experts: Market’s changed, but not too much

TRD NEW YORK /
Oct.October 28, 2005 12:00 AM

By Tom Acitelli, The Real Deal

They said the Manhattan housing market isn’t what it used to be, but it’s not as bad as people think. And blame the media, they said, if you’re one of those people.

Appraiser Jonathan Miller, Corcoran Group CEO Pam Liebman, and former Douglas Elliman chairman Alan Rogers participated Thursday evening in a panel discussion at the 92nd Street Y entitled “Making Sense of the Manhattan Real Estate Market.” The panel was hosted by real estate consultancy Braddock + Purcell and moderated by co-founder Paul Purcell, a former Douglas Elliman president.

A sizable chunk of the discussion was about the perception of the end of the housing boom and the speculation that the market remains in a bubble. All three panelists chalked this speculation and perception up to the media. Rogers, for one, called the bubble a “press term,” but he did acknowledge that the market had slowed. more


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

From left: Bruce Molser, David Schechtman, Bob Knakal, David Greenbaum, and Judi Pulice

New York’s real estate bigwigs offer predictions for 2020

Following the latest rule changes in New York, Boston appears to be the last major city where tenant-paid broker fees are common practice.

Broker fees for NYC rentals mystified outsiders. Here’s how other US cities do it

Pier 1 store (Credit: Google Maps)

Pier 1 files for bankruptcy, seeks sale

From left: WeWork’s Adam Neumann and SoftBank’s Masayoshi Son (Photo-Illustration by Nazario Graziano)

Piecing together SoftBank’s disruptive real estate bets

The Obamas and 79 Turkeyland Cove Road (Credit: Getty Images, Zillow)

Post-presidential pads: After the White House, what comes next?

arrow_forward_ios
Loading...