Today, Noah and John sit down with Ari Harkov, seasoned NYC expert and co-founder of the powerhouse Harkov Lewis team at Brown Harris Stevens. Ari shares his observations on Manhattan and Brooklyn and provides an in-depth analysis of current market dynamics. He discusses the complexities and variabilities of the market, touching on topics like the impact of interest rates, seasonality in buying and selling patterns, and the nuanced behavior of different submarkets. Ari's insights shed light on the challenges and opportunities within the real estate landscape, offering a comprehensive view that combines data-driven analysis with on-the-ground experience. Ari is an expert's expert, so highly recommended!

Highlights:

04:04 - Market Dynamics and Seasonality

05:30 - Impact of Cash Buyers

09:10 - Election Year Uncertainties

11:40 - Reflection on a 'Lost Decade'

15:30 - Basic math for Nervous Buyers

21:10 - Future of NYC Real Estate

27:10 - The Human Element in Real Estate

Harkov Lewis Team Page:

https://harkovlewis.com/

Ari's Page at BHS:

https://www.bhsusa.com/real-estate-agent/ari-harkov

Connect with Ari on LinkedIn:

https://www.linkedin.com/in/ari-harkov-54a7216/

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Track the New York City real estate market with real-time data and charts:

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Link to our overview of Manhattan or Brooklyn real estate stats:

https://www.urbandigs.com/marketwide-charts/

For more Manhattan and Brooklyn real estate conversations:

http://www.talkingmanhattan.com/