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☆ Brown Harris Stevens' CEO Bess Freedman talks the benefits of renting vs. buying
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrown Harris Stevens' CEO Bess Freedman talks the benefits of renting vs. buyingHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brown Harris Stevens, Bess Freedman, Brian Sullivan, “ Organizations: CNBC

☆ Brown Harris Stevens CEO: The housing market has done 'incredibly well' considering all headwinds
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrown Harris Stevens CEO: The housing market has done 'incredibly well' considering all headwindsBrown Harris Stevens CEO Bess Freedman joins 'The Exchange' to discuss shifts in the housing market, areas with significant demand, and more.

Persons: Brown Harris Stevens, headwinds Brown Harris Stevens, Bess Freedman

☆ Brown Harris Stevens CEO Bess Freedman talks pockets of value in the housing market
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrown Harris Stevens CEO Bess Freedman talks pockets of value in the housing marketHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brown Harris Stevens, Bess Freedman, Brian Sullivan, “ Organizations: CNBC

☆ Brown Harris Stevens CEO Bess Freedman on luxury real estate forecast in 2024
▼ + stars: | 2024-01-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrown Harris Stevens CEO Bess Freedman on luxury real estate forecast in 2024Bess Freedman, Brown Harris Stevens CEO, joins 'Squawk Box' to discuss the luxury real estate market, what to expect in 2024, and more.

Persons: Brown Harris Stevens, Bess Freedman

☆ NYC's controversial brokerage fees under scrutiny
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYC's controversial brokerage fees under scrutinyCNBC's Robert Frank and Bess Freedman, Brown Harris Stevens CEO, join 'Power Lunch' to discuss New York City's planned changes to the real estate market.

Persons: Robert Frank, Bess Freedman, Brown Harris Stevens, New York City's Locations: New York

Homes a tenth the size of Mar-a-Lago on tiny inland lots sell for that in the Town of Palm Beach, a wealthy island enclave. It is also a club, private beach resort, historical artifact and banquet hall with a ballroom that features gold leaf. The much smaller Palm Beach compound once owned by the Kennedy political dynasty sold for $70 million three years ago. SO HOW DID PALM BEACH COUNTY COME UP WITH SUCH A LOW TAX ASSESSMENT? If Mar-a-Lago had a $1 billion assessed value, it’s property tax bill would be approximately $18 million.

Persons: Donald Trump's Mar, Trump, Judge Arthur Engoron, Liza Pulitzer, ”, Pulitzer, Brown Harris Stevens, Rob Thomson, Marjorie Merriweather Post, E.F, Hutton, Richard Nixon, Gerald Ford, Jimmy Carter, Mona Lisa, Renoir, Eli Beracha, Lago, ” Beracha, Thomson, Kennedy, Becky Robinson, Jared Moskowitz, Robinson, Letitia James, James, — Organizations: New, Palm, Trump, Waterfront Properties, Historic Landmark, Post, Mar, Florida, Hollo, Real, U.S . Rep, South, South Florida Democrat, Trump , New York Locations: FORT LAUDERDALE, Fla, York, Florida, Palm Beach, Intracoastal Waterway, Post, Mar, Lago, summering, New Jersey, Trump, South Florida, Trump ,, New York

☆ Here's why Poughkeepsie, NY properties are moving fast
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Poughkeepsie, NY properties are moving fastDoug Williford, executive vice president at Brown Harris Stevens, joins 'Power Lunch' to discuss popularity in the Poughkeepsie housing market, the types of homes being sold, and more.

Persons: Doug Williford, Brown Harris Stevens Locations: Poughkeepsie, NY

☆ When mortgage rates start to fall housing prices will follow: Brown Harris Stevens CEO Bess Freedman
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhen mortgage rates start to fall housing prices will follow: Brown Harris Stevens CEO Bess FreedmanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brown Harris Stevens, Bess Freedman, Brian Sullivan, “ Organizations: CNBC

☆ Mortgage rates aren't going down until next year, says Brown Harris Stevens CEO Bess Freedman
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMortgage rates aren't going down until next year, says Brown Harris Stevens CEO Bess FreedmanBess Freedman, Brown Harris Stevens CEO, joins 'Power Lunch' to discuss the real estate market, the rise of mortgage rates and the health of the housing market.

Persons: Brown Harris Stevens, Bess Freedman Bess Freedman

☆ What mortgage rates over 7% mean for the housing market
▼ + stars: | 2023-08-20 | by ( Anna Bahney | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —An already miserably unaffordable housing market is getting more expensive. As mortgage rates top 7% — the highest they’ve been in 21 years according to Freddie Mac — home buyers face ballooning costs. “The fact that we are seeing rates at these highs is having an impact on the housing market,” Freedman said. “That’s bad news for mortgage rates which correspondingly may rise to 8%,” he said. “We thought mortgage rates would be much lower by now,” she said.

Persons: Freddie Mac, “, ”, Bess Freedman, Brown Harris Stevens, Freedman, ” Freedman, Buyers, ” Lawrence Yun, Yun, Jessica Lautz, we’d, Melissa Cohn, Cohn, “ Banks, ” Cohn Organizations: DC CNN, Federal, National Association of Realtors, NAR, “, Fed, William, Mortgage, ” Fed, Treasury Locations: Washington

☆ Manhattan average rent prices hit new record of $5,588 per month
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailManhattan average rent prices hit new record of $5,588 per monthBess Freedman, Brown Harris Stevens CEO, and Don Peebles, The Peebles Corporation chairman and CEO, join 'Last Call' to talk sky high rent prices in NYC and across the country.

Persons: Bess Freedman, Brown Harris Stevens, Don Peebles Organizations: The Peebles Corporation Locations: NYC

☆ Brown Harris Stevens CEO Bess Freedman on the health of the housing market
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrown Harris Stevens CEO Bess Freedman on the health of the housing marketBess Freedman, Brown Harris Stevens CEO, discusses the outlook for the housing market amid the Fed's continued fight against inflation.

Persons: Brown Harris Stevens, Bess Freedman

☆ Now might be a good time to buy due to rising rent prices, says Brown Harris Stevens CEO Freedman
▼ + stars: | 2023-05-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow might be a good time to buy due to rising rent prices, says Brown Harris Stevens CEO FreedmanBrown Harris Stevens CEO Bess Freedman joins 'Last Call' to talk skyrocketing rent prices and why it is driving some into the housing market.

☆ Roman and Kendall Roy’s ‘Succession’ Pads Hit the Market — for Real
▼ + stars: | 2023-05-09 | by ( Ronda Kaysen | ) www.nytimes.com time to read: +1 min

If Roman Roy were a real person, he wouldn’t live on the Upper West Side. So said a real-life real estate broker recently. Fans of the show were there with Roman (played by Kieran Culkin) during a recent episode when he solemnly brushed his teeth the morning after a devastating plot twist. Daniella G. Schlisser, the real-life associate broker with Brown Harris Stevens and a listing agent for the apartment, said that if Roman were a real person, she would redirect him south, probably to TriBeCa, where he might receiver a warmer welcome. Given his winning personality, she’d advise him: “No one’s going to talk to you here — you won’t make any friends” in the family-oriented Upper West Side.

☆ There isn't enough home inventory and demand is really high, says Brown Harris Stevens CEO
▼ + stars: | 2023-03-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere isn't enough home inventory and demand is really high, says Brown Harris Stevens CEOBrown Harris Stevens CEO Bess Freedman joins CNBC's Brian Sullivan and 'Last Call' to discuss the real estate market and whether prices could come down any time soon.

☆ People still believe in the home buying process, says Brown Harris Stevens' CEO Bess Freedman
▼ + stars: | 2023-02-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeople still believe in the home buying process, says Brown Harris Stevens' CEO Bess FreedmanBess Freedman, Brown Harris Stevens CEO, joins 'The Exchange' to discuss new home sales and the state of the housing market.

☆ Manhattan rents hit an all-time high in January
▼ + stars: | 2023-02-09 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Median rents in Manhattan hit a new record in January as a strong job market and limited supply of apartments lifted prices. But despite a cooling economy and high-profile layoffs in finance and tech, rental demand in Manhattan remains strong. Analysts say the main driver for Manhattan's rental market is a strong job market. Analysts say rents aren't likely to come down much, if at all, in the coming months, unless the economy and job market loses steam. "I believe 2023 will be just as strong as 2022 as far as the rental market [goes]," Young said.

☆ Why America’s economy remains surprisingly strong – but you don’t realize it
▼ + stars: | 2022-12-22 | by ( Christine Romans | ) edition.cnn.com time to read: +2 min

New York CNN Business —Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience. Yes, the economy is strong. “The labor market is incredibly strong again,” Federal Reserve Chairman Jerome Powell in a speech last month. That means the next year will no question be a challenge as all that tightening continues to work its way through the economy.

☆ Manhattan renters face sticker shock with average rent at $5,200
▼ + stars: | 2022-12-08 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

The median rent for a Manhattan apartment in November hit $4,033, up from $3,964 in October, according to a report from Douglas Elliman and Miller Samuel. The rise in New York rents also adds pressure to overall inflation, since rents are a large component of inflation indexes and New York is the nation's largest rental market. Brokers and real-estate experts say landlords over-reached when they started renewing the leases signed in 2020 and 2021, often demanding rent increases of 20% or more. The vacancy rate in November was 2.4% — still below the historical norm in Manhattan of about 3%, according to Miller Samuel. Real-estate experts say the big drop in new leases, if it continues, will eventually force landlords to meet renters at a lower price point.

☆ The ‘yes, but’ economy. Yes, we’re worried about recession — but the economy remains resilient
▼ + stars: | 2022-12-02 | by ( Christine Romans | ) edition.cnn.com time to read: +2 min

New York CNN Business —Each week brings head-scratching contradictory news about the economy. Tthis past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience. Yes, the economy is strong. Yes, economists are worried about a recession, but the job market is incredibly tight with more than 10 million open jobs and 1.7 jobs available for anyone who’s searching for one (or looking to job hop). That means the next year will no question be a challenge as all that tightening continues to work its way through the economy.

☆ A 25-Foot-Wide Townhouse Asking $14.975 Million Becomes One of Brooklyn’s Priciest Listings
▼ + stars: | 2022-11-10 | by ( Sarah Paynter | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A Brooklyn Heights townhouse is listing for $14.975 million, making it one of the priciest homes on the market in Brooklyn, said listing agent David Feldman of Brown Harris Stevens.

Boosting energy efficiency of older buildings is seen as a key way to help countries meet their climate goals, although the pace of change has been slow so far. "What we figured out is that most buildings (...) are running on control technology that really hasn't changed since the 60s or 70s," President of Runwise Lee Hoffman said. "On a macro level, about 45% of carbon emissions in most major cities are coming from how buildings operate. So if you want to address climate, you literally have to start with buildings," he added. European Union lawkmakers last month backed plans to save more energy, including through renovating draughty buildings.

☆ Looking for a ‘Real’ Two-Bedroom in Manhattan or Brooklyn. Which Borough Offered More for Their Money?
▼ + stars: | 2022-10-20 | by ( Debra Kamin | ) www.nytimes.com time to read: +2 min

Ms. Gaither, 31, who grew up in Akron, Ohio, and has lived in New York for over a decade, is a recruiter at Google. “I was team Brooklyn and he was team Manhattan,” Ms. Gaither said. Ms. Gaither, who prefers older buildings, was undeterred by the prospect of a small renovation, and was partial to several areas in Brooklyn. “We were elder millennials in Williamsburg, with warring rooftop DJs starting at 2 p.m. every Saturday,” Ms. Gaither said. The couple has a 3-year-old rescue dog, Sadie, and during the pandemic Ms. Gaither began fostering dogs, as well.

☆ Manhattan apartment sales declined 18% in third quarter, as rates rose and markets fell
▼ + stars: | 2022-10-04 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Sales in Manhattan last declined in the fourth quarter of 2020, when they fell by 21%. While prices in the Big Apple remain high − with the average Manhattan apartment price rising 4% over the past year to $1.96 million − price increases are slowing and the inventory of unsold homes is starting to rise. Manhattan apartment sales fell 18% in the third quarter, as rising mortgage rates and declining stock markets put the brakes on New York's real estate comeback. "The real sellers are meeting the buyers," said Toni Haber of Compass. "The full impact on sales and prices won't be known for at least another quarter," according to a report from Brown Harris Stevens.

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