The New Yorker article
The Greenwich Time has discovered Nick Paumgarten’s article on Greenwich. Paumgarten’s tone may be a bit pessimistic on the current state of our real estate market (could be because he spent too much time talking with me) but I think he’s right on, naturally. Leave it to our local paper, however, whose last revenue source is real estate advertising, to seek out and quote those Realtors still capable of whistling past the graveyard.
But local brokers say that explanation only gives part of the picture. While it’s true Greenwich’s upscale market is not as robust as it once was, it’s certainly not bad enough to doom a well-planned project to failure, many said.
“I don’t think Greenwich has been that hard hit,” said Jackie Hammock, a real estate agent for Coldwell Banker. “There are still plenty of these houses that are selling.”
[Coldwell Banker – isn’t that the firm that got your column axed for saying mean things about real estate? Ed. Why yes, I believe it was]
While I’m delighted that there are still optimistic agents working the beat and while I don’t believe that the market has died forever, I personally stopped whistling awhile ago.