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http://www.urbandigs.com/ - A blog dedicated to discussing the Manhattan real estate market and tips to best profit from it. Besides New York City real estate tips for buyers and sellers, this blog discusses some macro economic issues that might affect monetary policy and ...
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Reperfusion Injury - Damage to tissue caused when blood supply returns to the tissue after a period of ischemia.
Above is the definition of reperfusion injury from Wikipedia . Yes you are reading Urban Digs, and no I have not completely lost my mind....although I did recently herniate a ...
Stocks
A: Its been a while since I took a step back and did a general though piece on one market in general. So, I would like to discuss some thoughts on the national housing markets and where I think we are in the cycle and what the future may look like.
This is not a Manhattan micro piece.
...
Other
Housing Market
We all know that the HVCC (Home Valuation Code of Conduct) has changed how appraisers are engaged, leading to the hiring of professionals who are not as familiar with the Manhattan market. More often than not, this change has resulted in lowered (you might say bewitched) appraisal values, for ...
Other
Warning: This article contains other shocking images which may disturb those with exposure to U.S. debt or equity instruments.
I just got a chance to wade through the latest Federal Reserve Bank data on asset quality . Apologies, as these figures, which usually comes out around the ...
Government
A: Interesting tag for it, but I am not sure I agree with it. While $80Bln is no small sum of money, it pales in comparison to the total credit losses taken since the start of this crisis; a total that is nearing $2 trillion. Yes, it was that much. Besides, already it seems that the UAE Central ...
Stocks
Credit Crisis
I know that on Thanksgiving day it is incredibly impolitic to turn the attention away from the season's favorite bird, but I want to interrupt your holiday mirth with a warning. Risks in world markets are rising and it is now time to contemplate positioning for what could be a coming "echo ...
Stocks
A: I go through this all the time with clients, so I figure to make a nice short discussion on what I look for after a verbal agreement on price has been reached between buyer & seller. How does a buyer know when things are getting a bit fishy? Is their deal at risk? What is normal and what is ...
Other
A: I realize this is not a direct discussion of Manhattan real estate, but then again, when the ABX's started to plunge in the fall of 2007 that was also a topic I felt worth discussing as a sign that maybe a problem could be brewing in the secondary mortgage markets that could possibly signal ...
Government
I am in St. Thomas right now and have been trying to find a way to weave the thoughts I’ve had on the island with some smart insights for UrbanDigs readers. What, oh what, do St. Thomas as NYC have in common … To generate some good blog fodder, I attended ( for the first time ever ) a timeshare ...
Other
A: This may be true unless one area of the tradable markets force the fed's hands to raise rates earlier. Imagine a world with surging equities and oil/commodity prices on a souped up reflation trade - can $100 oil, $1,200 gold, and surging commodity prices impact the fed's thinking? How will ...
Other
Interest Rate
A: A very touchy topic to discuss in an industry where brokers are viewed as 'salesman' who are incentivized to get deals done. While I will admit that many listings are overpriced to trade fast near ask, there are times when you must know to get aggressive to land a solid product. Now when I ...
Other
A: At least its heading in the right direction! Another 10%-15% reduction will bring it closer to where it probably should have started out, around 7.495M - $7.95M or so. I still have my bets on between $6M - $6.5M for a final sale price though. If there really is no board review as I have ...
Other
Christine Toes here!
We used to tell buyers and sellers that "it takes 10 days to 2 weeks to close" after co-op / condo approval or after a 30 day notice in a new condo had been issued.
After my last four sales took what seemed like forever to close, I took a survey of Corcoran agents to ...
Stocks
Jeff asked me to help spread the word for the upcoming Nordoff-Robbins concert charity event on Monday, November 16th at Steinway Hall. The even is in celebration of 50 years as the world's leader in music therapy for autistic and disabled children and adults.
If you are interested in going to ...
Other
I had the pleasure of attending Goldman Sachs' Global Industrials Conference last week. I will spare you the details on the various updates from the manufacturing and cyclical company managements, as well as the railroad execs' reactions to Berkie's bid for Burlington Northern Railroad. Suffice ...
