TM Lisa Lippman

In this episode of Talking Manhattan, Noah and John welcome Lisa Lippman, the top broker at Brown Harris Stevens for several years running, who shares her insights on the current Manhattan real estate market. Lisa describes the market as insecure, with high interest rates affecting financing-dependent buyers, while wealthy buyers face confusion about property values. She discusses the divide between coops and new devs, the challenges of renovation, and, in a masterclass of exposition, the importance of pricing correctly. As always, we end with advice, and Lisa breaks down how valuable experience, market knowledge, and persistence are to new agents. There's gold in these hills! Highlights: 01:00 - Current state of the market 02:00 - Impact of high interest rates on buyers 03:05 - Cash-rich buyers and generational wealth 04:25 - Bifurcated market: Coops vs. new developments 07:45 - Price trends since 2017 11:55 - Challenges with renovation costs 13:02 - Importance of accurate pricing 14:20 - Efficient markets and the importance of proper pricing 22:45 - Finding good value for buyers in the current market 28:05 - Advice for new real estate agents 30:00 - Final thoughts and takeaways Lisa's Page at BHS: https://www.bhsusa.com/real-estate-agent/lisa-lippman Connect with Lisa on LinkedIn: https://www.linkedin.com/in/lisa-lippman-a25915 Follow Lisa on Instagram: https://www.instagram.com/lisaklippman/ ** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! ** Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need! https://www.urbandigs.com/advisor/ Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ 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/