Return of Big Bonuses May Help Practitioners

Return of Big Bonuses May Help Practitioners
Real estate practitioners with clients who work on Wall Street are celebrating the return of generous bonuses.

They report that traffic to local real estate sites is up, visitors to open houses have increased, and interest in pricey units has returned.

Jacky Teplitzky, managing director with Prudential Douglas Elliman, reports two especially big signed contracts.

Some practitioners remain cautious. “I wouldn’t assume that these large bonuses are going directly back into real estate. That was an assumption that was made in a previous era,” says Sofia Song, vice president of research for real estate website StreetEasy.com. “This is a new economy and people are thinking differently and valuing things differently.

Source: The Wall Street Journal, Dawn Wotapka (01/12/2010)

REALTOR® Magazine-Daily News-

Advertisements
This entry was posted in New York Real Estate. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s