Company News Happy News on Joining Forces with Howard Hanna Rand Realty!
Company News Some Shameless Self Promotion Most weeks in our training we publish a “sexy stat” about the company. It might be an obscure, cool thing like how our sign appeared in the movie Wakefield with Bryan Cranston carrying it, or some milestone. This past April was a nice accomplishment.  On April 15th, we broke our record for properties put under […]
Commentary On the Latest New York Standard Operating Procedure Law First, some background: In late 2019, Long Island Newsday published the shocking results of an investigation where reporters of different ethnicities and races went undercover as prospective homebuyers and the different ways they were treated by the real estate agents they engaged. Long Island Divided made national news and reverberated across the industry as professionals […]
Commentary Just Because the Market is “Hot” Doesn’t Mean Real Estate Agents Have it Easy I don’t think I’ve seen the following thought written anywhere lately, but I’ll say it: The average real estate agent has never worked harder than they have in this market.  That seems contrary to the public perception that rising prices and a “hot” market is when agents have it easy, but extreme conditions aren’t conducive […]
Commentary What Will Solar Power do for Property Values? I got a question from a client about the effect that installing solar panels might have on their home’s value. It’s a good question, actually. Years ago when hurricanes knocked out power in our area for more than a week, I opined that backup generators would become the new status symbol. While I wasn’t wrong, […]
Market No, Rising Mortgage Rates Will Not Crash Property Values I’m relatively old. I remember Nixon resigning office, Tang commercials, news stories on the war in Vietnam, and lots of other things from when Kitchens were green and gold. I remember when mortgage interest rates topped 20% in the early 1980s, and my father telling my mother how rates didn’t matter, payment amounts did. He […]
Commentary Brokerages Posting Photos of Agents with Commission Checks is Tacky, Tacky, Tacky Last week saw a posting by a manager at another firm of their agent holding up a commission check, congratulating the agent on their recent closing.  As we used to say back in the 80s, gag me. Yes, I know we work on commission and closings should be celebrated. But spiking the ball over your […]
Buying The Millionth Article Advising You to Get Pre-approved Before Visiting Homes for Sale You’ve read it before, unless you just learned to read (in which case house hunting is a long way off for you), on financial platforms, blogs, real estate websites, magazines, newspapers, and maybe even ancient hieroglyphs: get pre approved before you start looking at homes. This is what you’ve never read from any credible source: […]
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Market How Low is the Housing Inventory? Pretty Bloody Low, That’s How Low While making a training video on market reports for the agents this past week, I clicked on an old market report I wrote in November 2011 for Ossining. Among other things, I noted that there were 119 single family homes available for sale in the school district at that time. In working on current data, […]
Company News State of J Philip Real Estate: 2021 Edition Writing the year’s wrap up used to be my New Years eve ritual, but with the scale of the job these days it’s impossible to quantify everything by midnight on 12/31. So let’s dive into my happy summary of a great year for the brand on the first business day of the new year. The […]
Company News State of J Philip Real Estate: 2020 Edition This marks the first time I have not posted this update on New year’s eve, so it feels weird to wrote a piece about 2020 in February 2021. However, I’ve got great reasons. 2020 was by far the most surreal year of most of our lives. When the pandemic restrictions began in March, one had […]
Commentary 7 Things the Industry Should be Doing Amid Coronavirus (Note: the following piece was originally published in Inman News) Like many of my colleagues, I’ve been reading — with great concern — about how the ripple effect of the coronavirus pandemic is playing out and how it will affect my business.  However, unlike many of my colleagues across the nation, I am seeing serious […]
Company News State of J. Philip Real Estate: 2019 Edition Spoiler alert: Best year ever by every metric we employ.  Last year’s summary was wrapped up thusly:  In years past, I’ve made numerical predictions, but this year I’m going to be a bit more coy. I’m looking for good agents who want to grow their practices the right way. My role is evolving from chasing […]
Company News $100 Million Sold- a Happy Milestone I am linking to a short video I posted on LinkedIn recently that acknowledged the firm’s milestone in exceeding $100,000,000 worth of real estate sold in our “home field” MLS for the first time in our history. The MLS scene here is very fragmented, and we belong to several systems (7 to be exact, all […]
Uncategorized J. Philip vs The Market: Westchester Single Family Homes In one corner, we have the Hudson Gateway MLS- weighing in at over 1300 firms, 1650 offices, and 13,000 agents. In the other corner, we have J. Philip Real Estate, weighing in at about 80 active residential agents and 2 Westchester offices, with a 3rd in Putnam. Comparing the first half of 2018 to that […]
Commentary A Tale of Two Real Estate Markets- in the Same Place It might seem contradictory to say there are two distinct markets in the same geographical footprint, but what we’re seeing in Westchester and the surrounding counties is in fact two entirely different markets. I know that there are tons of market reports out this time of year (the beginning of Q2, that is), but I’ll […]
Commentary Waiting for the Flowers? Bad Idea. The spring real estate market in New York starts January 2 for a variety of reasons. The holidays are behind us, NYC buyers get an early start, and often, those who need to sell know that if they wait too long there will be a smaller selection from which to buy if they don’t sell […]
Commentary On Spencer Rascoff Stepping Down as Zillow CEO Yesterday, the housing world was rocked when Zillow announced that their CEO of 10 years, Spencer Rascoff, would be stepping aside and that co-founder and original CEO Rich Barton would be taking over again. I, of course, have thoughts; so does the rest of the housing world, and you can divide them between those who […]
Commentary The Real Estate Ethics Rule that is Broken the Most ( and It Isn’t Even Close) The REALTOR Code of Ethics Standard of Practice 3-6 states the following: REALTORS® shall disclose the existence of accepted offers, including offers with unresolved contingencies, to any broker seeking cooperation. (Adopted 5/86, Amended 1/04) This has been the rule since Reagan was president. I was 18 when it was instituted (I am now 51). Cleveland had […]
Company News J. Philip Welcomes Elizabeth Koski Jessup You learn quite a bit about people when you see how they handle it when life throws them a curveball. For Liz Koski Jessup, who I am delighted to introduce as one of our newest associates, meeting me was one in itself. I’ll explain. A few months ago, one our esteemed associates, Tana McGuire, asked […]