Send us a text Please join us this week for Market Conditions in New York and New Jersey where we talk to Greg Heym and Eugene Cordano about the effects of the pandemic and the election on the New York and New Jersey real estate markets. Subscribe now: http://bit.ly/399yevL Greg Heym - Chief Economist for Brown Harris Stevens Greg was our first guest on episode 1 last May and again on episode 8 in October. In May we debated the nature of disruption to the real estate market. Would this be like 911? Would it be like the financial crisis? How long before we could get back to normal? By October there was newfound optimism based on the vaccines being approved, but plenty of anxiety related to the election. Now, with the election behind us, we need an update from Greg Heym on the state of the market in New York. Sure, I read his twice-a-week newsletter "The Line" where he talks about jobless claims and interest rates and their impact on the market, but this is my chance, this is YOUR chance to ask him what it really means for our markets, the LUXURY markets in both New York and the suburbs. Eugene Cordano - VP and Executive Director of Sales, New Jersey This is our first look at New Jersey on Boroughs & Burbs, a topic that is way overdue. Roberto and I realized that we know very little about the New Jersey market and probably need to devote an entire show to New Jersey to properly understand it, but we'll start this week by asking Gene Cordero, a 25-year real estate veteran, some of the big questions: 1. What is the current state of luxury real estate in New Jersey post-election? 2. You have two offices, Montclair and Hoboken to service all of Essex and Hudson counties. Where exactly is the luxury market in New Jersey and what makes those areas particularly valuable? 3. What has changed for New Jersey residents interested in selling their homes in the last year since the pandemic? How much of a shortage of inventory are you experiencing and what is it going to take for the market to be more balanced? 4. What are New Yorkers looking for and are they finding it? 5. Is there a fear that the music is going to stop and demand will subside? 6. This is an election year in New Jersey. What are some of the issues on the ballot this year? Is the upcoming election affecting the market or is it too soon to tell? About Boroughs & Burbs: We host a weekly wide-ranging zoom conversation with real estate experts from around our area. We are joined by various guests each week, hosted by John Engel in Connecticut and Roberto Cabrera in New York.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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