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Two woman, one who lives at least part time in East Hampton, were nabbed after pulling off a series of thefts at open houses in Manhattan. Congrats to Doug Heddings, from TRUE GOTHAM for getting on the case early and publicizing the scam.
”Sweetie, better lock up the surfboards and the sunscreen!”
Read more below:
Here’s some GOOD news, even if it’s out of fashion at the moment.
Blogging Stocks posts that: Bloomberg News reports that Wall Street firms will pay the best 2007 bonuses ever, despite massive loss in the public market value of their securities. Specifically, the five biggest Wall Street firms will pay 6% higher bonuses totaling $38 billion to be spread among their 186,000 workers — an average of $201,500 per employee.
See the Blogging Stocks post here
See the Bloomberg article here
Word has it (or at least the newspapers are reporting) that due to the difference in the US Dollar versus the Euro and the Pound, that foreign buyers are keeping the market up.
We’ve always had a good number of foreigners buying here. I think it’s just the in fashion hype to say that “the europeans are simply breaking the door down”… makes one seem so “in the know”.
UrbanDigs.com had a post about the subject today - see it here.
Ito the Box TV had a video on it as well, see it below. md
click HERE to se the video
Inventory drops sharply as sales sustain record pace.
See the report here
Well, there’s two things I believe:
1. SELLING - You can sell you house today for the most its ever been worth.
2. BUYING - If you wait until next year, you will pay more for the house your looking at today.
HERE’S WHAT JONATHAN MILLER (MATRIX) HAS TO SAY about Manhattan.
What’s your view?
“There’s a joke in the industry that real estate is no one’s first career,” writes Alison Rogers in her new memoir, “Diary of a Real Estate Rookie: My Year of Flipping, Selling, and Rebuilding — and What I Learned (The Hard Way!).” “It’s always something people come to by default, seeking money.” see more from Salon.com here
Order Alison’s book from Amazon.com here
Also, check her interview out on Inman TV here
md
…is very similar to Manhattan.
Here, in the Hamptons aka “The Wild, Wild East”, it has been common practice for years, for agents and brokers to selectively co-broke their listings, not giving access to some agencies. It’s very similar to how cliques form in junior high While it’s against the Realtor Code of Ethics it might even be considered a “restraint of trade” by the Department of State or the DOJ. It has yet to be tested.
Recently, RealNet Solutions, the local provider of a back of house listing management system that coordinates with Hamptons Real Estate Online (HREO.com), started offering an electronic listings exchange system called OREX (Open Realnet Exchange).
For the first time, instead of faxing listings and co-brokes to each other, agencies who use RealNet can electronically share their listings. The question is: will they?
One step forward…
See this article, by Lauren Elkies about Manhattan co-brokering. Sound familiar?
June 2007
Co-brokerage and commissions in conflict
By Lauren Elkies
