Summer is here and we are finally seeing a slight slowdown in the market. It's very clear that buyers feel the need for a break from what has been a torrid Spring controlled by sellers. Buyers can only take so much of a "Seller's Market” before needing a respite and the Summer break and climate offers a logical pause. Prices remain at historical highs and we are actually still working with active and anxious buyers but its clear that many buyers are choosing to retreat to their summer lives to shake off the hangover from the wild spring with a plan to re-emerge after Labor Day. Only time will tell but our bet is that the Summer will slow and we will see an active Fall with new property hitting the market just as buyers emerge from their Summer slumber.
We hope you enjoy this month's edition of our newsletter. We would love to hear from you with any new topics you'd like us to cover in the coming months.
The quiet enclave of Hudson Square, south of the West Village and west of SoHo, (where Robin and Jeremy live) is experiencing a revitalization following a 2013 rezoning of the area from industrial to residential. This undiscovered neighborhood is expected to have an influx of residential, retail, and nightlife development over the coming years.
Real Estate value remains fairly strong due to the proximity to SoHo, the West Village, and Hudson River Park, but there are still opportunities to buy at a slight discount.
Developers have been circling Hudson Square for years, and the explosion of new projects seen in so many other parts of Manhattan is now reaching this neighborhood, as well. Among the planned developments are projects at 70 Charlton Street, 555 Broome Street, 111 Varick Street, 535 Greenwich Street and 261 Hudson Street. With a number of buildings already completed, the neighborhood is on the verge of a complete transformation.
1st Dibs Founder Michael Bruno Launches Housepad App
Founder of 1stdibs and self-proclaimed “house junkie” Michael Bruno has launched Housepad, an app that aims to put all of one's home information and more at your fingertips. Using Housepad, homeowners can work with interior designers to keep a log of everything in the house, from copies of invoices to warranties, cutting down on easy-to-lose papers and making oft-forgotten details—“Who designed the dining chairs?”—easy to access.
Beyond cataloguing, the app offers a host of capabilities for the day-to-day household management. The app lets you take notes about what needs to get done and holds them in a queue until they're dealt with. Family members, the housekeeper or gardener can log into the app (it tallies hours worked too) and see the list. Store and share images of rooms, closets, and surfaces with comments about how you want things arranged - where the linens go, how to set the table for a party. Sounds genius to us.
Home Design Trends
"Statement-Making" Floor Tiles for your Bath
If you've been thinking about giving your bathroom an overhaul, but aren't sure how, one way to start is to look to the latest trends for inspiration. Brightly colored and ornately patterned cement tiles are having a major "moment" right now. We really love these tiles because they achieve the graphic nature of some of the newest textiles, but still give you that vintage French feel. From colorful patterns to geometric monochrome, we've compiled examples to give you some tile inspiration.