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Showing posts with label Shows. Show all posts
Showing posts with label Shows. Show all posts

Tuesday, January 28, 2014

[Three Cents Worth NY #244] Manhattan’s Middle Market Shows Life

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

This week I thought I’d take a look at the breakdown of sales by price in the most recently completed quarter. Last year I was using a donut analogy to describe the Manhattan apartment market—weak in middle and strong on the outside (bottom/top). I wanted to illustrate how the mix in 2013 could be showing signs of change rather than continuing to see a disproportionate amount of activity on the margins. For reference I provided an inset in the form of a pie (sorry) chart to show a simple breakdown of the market in the second quarter of 2013…

[click to expand chart]

My latest Three Cents Worth column on Curbed: Manhattan’s Middle Market Shows Life [Curbed]

Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons


View the original article here

Monday, July 30, 2012

Money Mag Shows Us How To ‘Think Like an Appraiser’

Posted by Jonathan Miller - Monday, July 23, 2012, 3:18 PM

The August 2012 issue of Money Magazine on the newsstands now has a nice article penned by Ali Rogers called “Think Like an Appraiser.”

It’s not available online yet but the magazine is always a good read. Although Money Magazine has named me “Best Online Real Estate Expert,” I swear I have offline expertise too.

Ok before you go on with snarky comments about the last appraiser that screwed up your deal, I’ve heard it all before, much of it spoken here on this blog. The article is more about the concept of “contributory value” – how certain modest improvements help provide additional value of your home. In theory, an appraiser is going to walk through your home at time of sale just like your buyer would and place a certain value on things you may have done to improve the property. First impressions are important in building a sense of value for the property.

I’d like to expound on the contract “data” point in the article to provide context (not something I commented on for the article). Appraisers absolutely consider contract data in addition to closed data (and listing data). We can place them in the report but normally are not the sole basis of determining value.

What often happens is that we are told about a home that is under contract nearby but we don’t know the sales price. We will call the listing agent of that “contract” and try to get a sense of the interior condition and the actual price (99% of the time we are NOT successful getting the price) but we sometimes we might get feedback like “sold at list” or “sold very close to ask” etc. This can be a helpful gauge on value but not the key factor in the report presentation, especially since there is a higher probability in today’s market than in year’s past that homes under contract don’t always close.

These bits of info from a little detective work are among the subjective elements to valuation that help “tell the story” of the transaction. It’s not about dropping raw data on a spreadsheet and taking an average.






View the original article here

Wednesday, December 7, 2011

[Wonkmatrix] NY Fed Shows NYC Economy Beginning To Slip?

The New York Fed publishes a coincident index using data on employment, real earnings, the unemployment rate and average weekly hours worked in manufacturing and its beginning to show nominal weakness. This comes out monthly so I’ll keep an eye on it.

It’s not a lagging indicator like consumer confidence or a leading indicator like building permits. Coincident is closer to what is happening now, or it least that is what my economist friends tell me.

In October, the New York City Index of Coincident Economic Indicators (CEI) decreased at an annual rate of 0.4%, following a 0.1% increase in September. The index has risen 2.4% over the past year.

Since NYC housing’s future in the region partially depends on where the regional economy is going (it’s not all about foreign buyers), this suggests the NYC economy slipped a bit last month but is better than last year.


View the original article here

Sunday, May 29, 2011

Globe Trotting: Portuguese Farmland Residence Really Shows Off its Curves

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Wednesday, May 25, 2011, by Sarah Firshein Photos: Iwan Bann via Freshome

Freshome is taking a look at House on the Flight of Birds, which not, in fact, the working title of Nicholas Sparks's new book but rather a terrific-looking modernist house in the Azores. Designed by Portuguese architect Bernando Rodrigues, the place was designed to block rain and wind prevalent in the region. Plus, there's an absolutely sick-looking roof deck with views of the beach. Have a look at the photos above.

· Bernando Rodrigues Arquitecto [official site]
· Stunning Ondulating [sic] Home in the Azores: House on the Flight of Birds [Freshome]


View the original article here

Saturday, April 9, 2011

Moonlighting: Dreamboat Brad Pitt Shows the World How to Wear a Hard Hat

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, February 10, 2011, by Curbed Staff

Welcome to Moonlighting, a new Curbed column in which the talented Raina Cox of If the Lamp Shade Fits takes a look at design players whose first job may not have been design. Some triumph, some flop, and some should never, ever give up their day job.

BP_hardhat.jpg

For Hollywood superstar Brad Pitt, role playing the mythical warrior Achilles or a pugilistic figment of Ed Norton's imagination pale in comparison to his dream job, that of an architect. The actor believes dreaming up buildings taps into primal childhood instincts, once saying, "Architecture is like play to me. As a boy, you play with Tinker Toys, Lincoln Logs, Legos, and you get interested in how things are made, like cars and drills and all that. Years later you come back around to what interested you as a boy. Now if I have something that I'm dealing with that's causing me a lot of stress, my mind goes to architecture. I walk around the yard and start thinking about what I need to do to the house structurally. It's similar to puzzles in that way, like a crossword puzzle or anything else I can put my mind into. It's a relief for me."

In 1994, Pitt scooped up a small estate in the Los Feliz area of L.A. with a Craftsman-style main house and two outbuildings. Tackling the smaller structures first, the actor was bitten by the architecture bug. His initial fascination with Mission-style building evolved over several years into a love affair with contemporary design, and he gave up collecting Tiffany lamps and concentrated on carving six-ton bathtubs out of travertine boulders. He imported tons of the stone from a quarry near Rome sheathing walls, laying floors, carving counters, and creating enormous water features.

Describing his design journey with the property, the actor waxed poetic. "As I work my way through it, I have become a lover of all architecture," he said. "I am fascinated and obsessed with where it's going. Like art and music, architecture reflects society and where society is heading." Pitt cited Tadao Ando, Rem Koolhaas, and Frank Gehry as his favorite architects.

In 2001, Pitt and his blushing bride-at-the-time Jennifer Aniston bought a $14M Normandy-style mansion in Beverly Hills. Proving that yes, celebs are just like us, new husband Pitt's decorating aspirations were relegated to the basement. He hired Gehry to design a wine cellar to house the couple's $5M collection of rare vintages, later describing their initial meeting as "just about as much fun as I've ever had." The two forged a friendship, and Gehry included Pitt on the design team of a controversial seafront redevelopment in Hove, England. The actor's involvement was announced in 2005 to spur new interest in the project, which had stalled out after two years. Pitt was assigned the task of designing a restaurant and a penthouse for a luxury high-rise building. The project was scrapped in 2009 when the credit crunch forced the developer to pull out.

Pitt's and Gehry's design-based bromance must have taken a sour turn during the Hove collaboration. In December 2005, when asked about their friendship, Gehry responded that he had only met Pitt twice—once in his office for two minutes and again at a dinner. Burn! They later made up and Gehry's firm submitted one of 13 "green" designs Pitt commissioned in 2007 as part of his "Make It Right" project in New Orleans. The actor personally committed $5M to help rebuild the Hurricane Katrina-devastated Lower Ninth Ward neighborhood. Though the initial goal was to build 150 houses in the project's first two years, less than 35 homes have been built to date and homeowners have been less than pleased with the results.

Yet Pitt remains devoted to the cause of eco-conscious building practices. In 2008, he teamed with L.A.-based architecture firm Graft to announce the construction of "an 800-room luxury hotel and adjoining leisure complex" in Dubai. The yet unbuilt five-star property aims for LEED Gold certification. Pitt also narrated e² design, a PBS documentary about sustainable design around the world. The series, which ran three seasons, focused on innovations in the fields of green living, architecture, and transportation.

· Brad Pitt Extras: Life with Angelina, His Spirituality and More [Parade]
· House of Brad [W]
· From Troy to Hove - Brad Pitt's New Career [The Guardian]
· Brad Pitt Blows Off His Hero [Gawker]
· Brad Pitt Commissions Designs for New Orleans [NYT]
· Make It Right [official site]
· Point/Counterpoint: New Orleans on Brad Pitt's Make It Right [Curbed LA]
· Brad Pitt Turns Architect and Designs Dubai Hotel [The Telegraph]
· e² design [official site]
· Brad Pitt Moves on...To Transportation [Curbed LA]
· If The Lamp Shade Fits [official site]


View the original article here

Friday, March 25, 2011

Bowled Over: Bud Light Spoofs Home-Reno Shows by "Making Over" Kitchen

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Monday, February 7, 2011, by Sarah

Welcome to Bowled Over, a one-day-only column in which we attempt to soften the post-Super Bowl beer-and-burger haze by replaying only those commercials that are somehow pertinent in some way to what we cover on Curbed. Throughout the day we'll be posting videos intermittently; stayed tuned as we explore the many ads that interrupted one mighty good game.

Screen-shot-2011-02-07-at-3.32.11-PM.jpg

The brand: Anheuser-Busch/Bud Light
The celeb: None
The gist: In an episode of fictitious home-reno show Hack Job, a couple prepares to see the results of a kitchen remodel only to find the kitchen exactly the same. "But you didn't do anything," the wife protests. "You just put Bud Light on the counter."


View the original article here

Monday, December 20, 2010

Google Maps Shows Us Our Foreclosure Skeletons

[click to expand map - NYC Metro Area]

This is why Barry Ritholtz’s The Big Picture is a must read – always a trove of cool insight – this time its (via ChartPorn) foreclosure mapping that’s been around for a while but buried within Google’s feature set. It’s a compelling visual although it doesn’t show context (ie trends and what it would look in in a “normal” market).

Here’s how to show foreclosure sales and listings.

Manhattan, Queens

[click to expand]

Las Vegas

[click to expand]

Detroit

Sobering…

Check out The Housing Helix podcast for my conversation with Rick Sharga of RealtyTrac who explains why the Google foreclosure info isn’t as good as it looks.


View the original article here