2000 Mar

A New Millennium or More of the Same?

In the final years of the 20th Century, buyers of Manhattan residential real estate faced the Herculean task of facing the capital gains tax law, which eliminated the "rollover" of capital gains from the sale of one primary residence to the purpose of another, severely constricted the transfer of properties in the high-end, upscale Manhattan market. The resulting shortage of product, coupled with booming equity markets and abundance of available funds, has brought about the most competitive market for housing in this area since the World War II era. Read More

Tech Effects

It wasn’t so long ago that most New York City real estate professionals disdained all electronic devices. Sage advice dictated that nothing would replace the face-to-face or voice-to-voice relationship between buyer and broker and seller and broker. Many resisted company-wide voice mail, thinking that a buyer would hang up when confronted with a machine, or that with competition so stiff, he or she would keep calling until someone in the office picked up the phone. Read More

The Emergence of Technology

Back in 1995 I barely knew what the Internet was. No one knew that it would do more than anything to change homebuying process since the classified ad. Our little website experiment called corcoran.com has grown bigger than The Corcoran Group itself! Today, it is the largest global luxury homebuying site in existence. That makes The Corcoran Group just a subscriber, like the more than 200 other subscribers corcoran.com expects to have by the end of the year. I feel like a proud mother. Read More

Round-Up of 1990's

By all accounts, 1999 was a banner year for New York real estate. On virtually all fronts, 1999 broke all previous records both in the market in general, and here at William B. May. Prices at every level have increased. Large apartments were in the biggest demand and were being bid up incredibly; townhouses sold in record quantities; new construction, especially of larger units hasn’t been able to keep up with demand; the popularity of one-bedrooms reached an all-time high; and studios also increased in price dramatically, in some cases doubling what they might have sold for just two years previously. Read More

The Cooperator: 1999: The Year in Review and What's in Store for

1999: The Year in Review and What's in Store for the New Millenn

Getting In

You found the perfect co-op apartment, close to work, near good friends and good restaurants. And it’s a great investment. You apply to the board and suddenly find yourself on the receiving end of a rejection letter. What happened? Read More

Smooth Sailing

So, you want to sell your apartment and buy another one. Well, there will be plenty of demand for your home because of today’s strong seller’s market. But that same strong market can work against you when you’re out shopping and have to compete with everyone else who wants to buy. Read More

1999: The Year in Review:Preparing for New Millennium

Round-Up of 1999's Read More