Behind the Numbers with Greg Heym 4th Quarter 2009 State of Market Webshow
January 17th, 2010Marry Christmas and Happy New Year to ALL !!!
December 24th, 2009
What NYC Real Estate Can You Rent For $2000?
December 5th, 2009In a NY1 Real Estate segment that aired on December 5th, 2009, NY1 reporter Shazia Khan interviewed me and featured one of my Exclusive Listings in the East Village. Report focused on how far your dollar can stretch in the city’s soft rental market, with a monthly budget of $2,000. Besides my property at 507 East 6th Street two other units featured were a one bedroom in Greenpoint , Brooklyn and studio apartment on the Upper East Side.
Inside Secrets Of Top Brokers: Panel Discussion
November 2nd, 2009On Thursday, November 19th Real Estate Board Of New York is hosting a panel discussion seminar with some of the top producing brokers, including myself called “Armed and Dangerous: Getting Your Game On”.
Panelists are:
Senad Ahmetovic – Halstead Property, LLC
Shaun Osher – Core Group Marketing
Stan Ponte - Sotheby’s International Realty
Anne Young – Corcoran Sunshine Marketing Group
Event will be moderated by Corine Pulitzer – Prudential Douglas Elliman
Congress Passes Higher Loan Limit Extension for Federally-Backed Mortgages
October 30th, 2009The House and Senate yesterday approved a continuing resolution that includes a provision that would extend current loan limits for FHA and the government-sponsored enterprises through next year.
Additionally, Senate leaders announced they have agreed to an extension of the $8,000 first-time home buyer tax credit through April 30. The popular credit, which has strong support from the Mortgage Bankers Association, is set to expire Nov. 30.
The CR provision would keep in place current conforming loan limits of $625,000 ($729,750 in designated high-cost areas). Without approval from the Senate, those limits will expire on Dec. 31.
As we try to maintain the momentum of the housing recovery, providing affordable financing for qualified borrowers is critical. Extending the loan limits, along with other initiatives such as extending and expanding the homebuyer tax credit, will help restore stability to the housing and mortgage markets.
REBNY Residential Deal of the Year Awards and Charity Gala Committee
October 27th, 2009
I am happy to report that I was presented with a 1st Place Winner award for Residential Rental Deal of the Year at REBNY’s Residential Deal of the Year and Charity Gala. Event took place on Wednesday, October 21, 2009 from 6:30 pm – 10:00 pm at 230 Fifth Ave Penthouse Lounge.
The Henry Forster Award was presented to Tresa Hall of The Corcoran Group. First prize in the residential sales category, went to Lori Huler Glick and Cindy Kurtin of Stribling & Associates. Sonia Stock of Prudential Douglas Elliman and Janet Weiner of Halstead Property, LLC won second place; and Sandra M. Lauer of Halstead Property, LLC took third place.
Renee M. Fishman of Halstead Property, LLC received the 2009 Residential Most Promising Rookie Salesperson of the Year award.
Here are some links of the REBNY Gala coverage in the media:
THE REAL DEAL – Real Estate BISNOW - CityFEET.com -
Halstead’s Online Portfolio Magazine
October 26th, 2009View 900+ Exclusives Inside Our Fall/Winter 2009 Interactive Online Portfolio Magazine
Halstead Property – 3rd Quarter Market Report
October 22nd, 2009The Heym Report – October ‘09
October 21st, 2009October ‘09 – Prepared by Gregory Heym Chief Economist, Halstead Property, LLC
City Job Losses Continued in September
• New York City lost 108,600 jobs during the 12 months
ending September, a decline of 2.9%.
• Declines were led by the fnancial activities sector, which shed
32,000 jobs over the past year.
• Despite the heavy job losses on Wall Street, total employment
loss in NYC during the recession has remained below the
Mayor’s forecast.
• Education and health services remained the city’s strongest
industries, adding nearly 11,000 jobs since September of 2008.
Stock Prices Continue Gains
• The S&P 500 Index closed at 1,071.49 for the week ending
October 9, 2009, a 5% increase from the prior week.
• Since falling to 683.38 in early March, the S&P 500 is up 57%.
Mortgage Rates Remain Near Recent Lows
• Rates for 30-year conforming mortgages averaged 4.92%
for the week ending 10/15/09.
• This fgure is up slightly from the prior week, but over 1.5%
lower than a year ago.
Unemployment Up Slightly
• The unemployment rate in New York City rose to 10.3%
in September from a revised 10.2% in August.
• This marks the third straight month unemployment has been
higher in NYC than the nation.
• NYC Unemployment was 6.0% in September of 2008.
Weekend of Opportunities
October 15th, 2009
Halstead Property is launching a promotional campaign from October 19th-25th. This will be the most promoted weekend of Open Houses in Halstead Property history. Simply called “Weekend of Opportunities” will promote all of our Value Factor Properties and takes place across three states!
The Halstead Value Factor highlights properties that offer some of the best value in today’s market. A good price simply does not mean a good value. A value is, by Halstead’s definition, the location, building, condition, size, amenities AND price. I am happy to be including my newest exclusive property for sale at 160 E 26th Street in this new campaign.
