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Rubicon Property CEO Jason Haber on positive areas of the real estate sector and Frank Sinatra’s apartment in New York City that is up for sale.
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Really good housing numbers right existing home sales surging to the best levels in more than a year last month this says home builder confidence also hit a new six year high.
We have somebody who says that the bottom may finally be here and there's one area of the market this outpacing all of them -- Jason -- neighbor is the CEO of rubicon property and he is the guy who turned down two Libyan leader.
Moammar Gadhafi letting -- go right to write something here in new York and he said.
It's -- not is so you are our local hero.
OK let's get to -- what area of the housing market is doing well.
While the high end of the market it's been recession -- -- I mean it just hasn't been there.
What we're seeing right now is incredible strength in the market at.
High high end -- the market and it's been on high end you know I mean five million and up themselves thinking even higher right now no there was a time when a twenty million dollar -- -- it you drop you're drawn.
But today it's by.
OK what about the lower and for most of us let's talk about the market one thing you have to understand is.
No one buys a home in America it's to borrow tip -- -- all real estate is local.
Have to look at your local market and really get an understanding of what are the fundamentals and that's and encourage all buyers to do.
Whether -- in mean -- -- in or out anywhere else in the country up to understand what's happening in your market.
And so right now across the country one -- we DC is lower inventories.
And that actually will actually bring down sales figures a because of low and -- around the country sales figures might not be where we wanna see -- that but.
The housing data came out today.
Really strong when you've got -- -- reports like came out today particularly.
Existing so and so home sales haven't haven't we seen had fixed -- we have these three times we've seen and we seen strong sales in spring and summer only to decline in the winter.
The difference now well the -- going to be in -- putting in six months from now.
Let's take a look and see with a winter numbers -- but.
I think this might be different rent vs -- yeah.
Your recommendation you know I always tell people you have to look at your own financials first you know it'd be easy for me to come on the show and say -- bye bye -- But that's not that's uprooted for some people it and it really depends that's what's your level of comfort on debt.
What are you able to get in from a mortgage perspective no interest rates are so low literally Iraq as we -- is over and over again.
But now they really truly are at historic lows so that's a really good opportunity for buyers but is your job situation secure and can you afford to make the mortgage payments it really does that.
-- from person to person and if you could afford this we want to show you Jason's latest listening.
Frank Sinatra's duplex apartment one of the last once he lived in in New York City for bed.
Four and a half -- 3200 square feet.
Let's show the pictures Santa I've been inside a -- there let me go and that.
I didn't get to touch anything but the glass staircase all MG it's something I told what and of course there's the price seven point seven.
Million dollars this deal.
Caught up with what does have.
A balcony what I call that terrorists -- -- 2000 square feet of outdoor space on two different levels so it's and it all views of the East River.
That's hard to be and -- it been fully renovated and if the walls could talk.
They tell some really good stories I couldn't share on -- right now but it would be it would be great and if it's a really unique one of a kind amazing apartment.
-- -- unique or real estate company because yes donate a portion of all right your sales to the clean water organizations that do we we donate.
Money -- and a nonprofit called charity water what we do is connect essential element of living in New York which is real estate with the essential element living in the developing world which is clean water.
And the -- meet these donations -- company has -- out you know since we started.
This this interview today.
For real estate companies have started and no one cares about them you've got to stand out you've got to be created you gotta be imaginative and innovative to succeed today and that's at midnight sell Olivier Sarkozy.
The stepbrother -- -- -- Newtown police -- they sold attack has signed on not a straight I -- confirming I would.
Let's talk about the environmental -- we we -- -- a townhouse that's been widely reported to have been sold to someone like that is sold to somebody like that but the -- Jason paper rubicon great to see you -- -- so very much -- pleasure gap he went out on -- zone he's doing very well we love that American.
