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shirley hackel team
As we transition into the second half of 2023, a seasonal summer slowdown is upon us. The definite lull is dramatically different from the robust activity of the post pandemic summers of 2021 and 2022. Today’s sellers are frustrated by fewer showings, silent open houses, and no offers, not even low, embarrassing bids.
In New York, we’re back to pre-pandemic levels, having regained the acknowledged 8-12% drop in property pricing from 3 years ago. This year, we’ve managed to avert disasters, but it was a helluva roller coaster ride!
ChatGPT, or Generative Pre-trained Transformer . . . is a powerful tool which pushes the boundaries of what AI can do and makes advanced AI technologies accessible to different audiences and industries. . . . The new technology is stunning, stupendous and slightly scary.
In uncertain times, when world events and macro outlooks are dire, there’s no better urban center to invest in than New York City. Our residential market is leveling to be sure, but we’re holding our own. In fact, there’s opportunity, and smart home shoppers are buying.
What are we seeing?
Is it already November? Don’t wait for the 13th for World Kindness Day or for the 28th to express gratitude. Do remember to turn your clocks back on the 3rd when Daylight Savings ends, do get out and vote for your local officials on the 5th, and honor military veterans on the 11th. In case you didn’t know, November 24th is Celebrate Your Unique Talent Day, so pull out your harmonica or stand on your head and rejoice in YOU! Happy Thanksgiving!
Autumn is my favorite time of year when the air is crisp but not yet cold, and the apples and pumpkins are ripe for picking. Our region’s fall colors will soon show bursts of red and golden yellows, so do take a drive north or a stroll through Central Park. It’s the month for Breast Cancer and Lupus Awareness. World Teachers Day is on the 5th and World Smile Day on the 7th. Watch out for friendly goblins on the 31st.
And just like that the 2nd half of 2019 begins with summer in full swing. Local zucchini is in abundance and corn and tomato season lie ahead. Throw some shrimp on the barbie and celebrate the 4th with gratitude. As of July 1, NY State’s new progressive mansion tax goes into effect. A one-time payment at closing, the levy begins at 1% for transactions from $1M-$2M and rises incrementally in eight tiers, capping at 3.9% for sales of $25M or more. It could have been worse.
