Boroughs & Burbs, the National Real Estate Conversation

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Noah Rosenblatt
CEO of Urban Digs and host of Talking Manhattan on the New York City Market 

Urban Digs is the source for real-time stats on the New York real estate market. Nobody tracks movement in the market like Noah. Given that we are coming out of a pandemic crisis, and war dominates the headlines, what can we expect?

Manhattan Supply is below the levels of the last three years. What market conditions are needed for supply to come back?

Manhattan New Active Listings is rising, as it should, consistent with the last three years.

Manhattan Demand is decreasing, but is above levels of the last three years. How will inflation & interest rates affect demand?

Manhattan New Contracts signed is healthy when compared to the last three years.

Noah Rosenblatt is an industry leader in data insights and technology for professional real estate agents in the New York City residential real estate markets. 

1. Where does Urban Digs get the data? How proprietary is the system?

2. Who subscribes? Who should subscribe? What's the benefit?

3. How do I use the Urban Digs chart room to understand the market? 

4. What are the key charts, the key indicators? Where do you go first? 
How often should I be tuning in to Urban Digs?

5. Talk to us about how the availability of data is changing the industry, and where this is heading. Is this only a New York phenomenon? 

6. What are we seeing in the market now that we are exiting coronavirus but there is great uncertainty ahead. In 2021 we focused on reopening industries, employment numbers, supply chain disruption, stock market volatility, 7% inflation and interest rate fears. How did these factors manifest themselves in the market?

7. In 2022 we have new anxieties related to the war in Europe. While the stock market is only 11% off the highs, people are now talking about 10% inflation, $200 oil, commodity prices and the impact of the war on foreign investment. How will these new factors play out in the New York market and across the market nationally?

The Market Ticker looks at the New York market in a way similar to stocks. Market Pulse? Seller's market, but for how long? What are the key indicators that will predict a contraction in the market?

Roberto Cabrera - With 20 years of experience, I have been recognized throughout the industry for achieving outstanding results: Ranked nationally by REAL Trends as one of "America's Best Real Estate Agents” for avg. sales price of $4.350M. Sold a single family Townhouse faster than any other on the Upper West Side over $10M. I live with my wife and daughter on the Upper West Side, the neighborhood I have called home for the past 23 years. 

John Engel - John Engel is a consistently top-producing agent in Fairfield County, Connecticut. John recently won the 2019 Realtor of the Year Award in New Canaan where he is currently the Chairman of the Town Council. John also brings an insight into internet-based marketing that is unsurpassed. Before going into real estate he was the founder of two successful internet businesses, Paper.com and e-Media for which he won the prestigious Entrepreneur of the Year Award. He currently lives in New Canaan with his wife Melissa and four children. In addition to hosting this podcast on the market each week, John Engel produces an easy-to-understand and in-depth monthly market analysis called the Market Report for the 16 towns of lower Fairfield County. You can find it here.