quotation-icon.jpgHouses are not fungible and there are unique reasons for each deal closing. Even as the market goes down, there will be deals done that appear to buck the trend – just like a stock chart where the price dances up and down around a trend. Calling the housing market bottom because one house sold for a good price is akin to calling the S&P bottom because one company beat numbers and its share price jumped – you have to take a step back and look at the bigger picture.

— by the chicken in Open House Picks: Six Months Later


What's Your Take? Leave a Comment

  1. A few days ago on this blog, Mr. B said traffic has been up these past few months although advertising is down. I was disappointed the article didn’t say that and also note that maybe the reason traffic is up is because we’re obsessively debating which way the market is going in New York. But otherwise it was a good read and I learned about some new real estate blogs.

  2. Congrats chicken…

    And speaking of quotes, Montrose Morris made the New York Times:

    http://www.nytimes.com/2009/01/25/realestate/25cov.html?pagewanted=2

    ———–

    On Brownstoner, one commenter used the log-in name Crown Heights Proud.

    “I would talk about the good things about Crown Heights and Bed-Stuy,” she said. “I liked to talk about the positive aspects of living in the community, the years of middle-class black people who raised their families there and were not afraid to go out on the streets. There is a history.” Crown Heights Proud, who did not give her real name because she wants to protect her privacy, now posts as Montrose Morris.

    ———–

  3. From a quick bite to a delightful dining experience, Brownstone prides itself with an extensive menu and an elegant candle lit ambiance. Covering a wide palette of cuisine from traditional Italian cooking to Greek and North African influences, all our dishes are made from fresh market ingredients into a flavourful, healthy delight!
    —————————
    kannu
    ——————–
    MLS listings-MLS listings

  4. From a quick bite to a delightful dining experience, Brownstone prides itself with an extensive menu and an elegant candle lit ambiance. Covering a wide palette of cuisine from traditional Italian cooking to Greek and North African influences, all our dishes are made from fresh market ingredients into a flavourful, healthy delight!
    ————————-
    kannu
    ——————-
    MLS listings-MLS listings