Today on Talking Manhattan, Noah and John sit down with special guest Raphael De Niro, founder of the uber-productive De Niro Team at Douglas Elliman. With decades of experience, not to mention billions of dollars of sales to his credit, Raphael dives into the dynamic world of Manhattan real estate, discussing trends, market shifts, and even the future of housing in New York City. From the impact of renovations on property values to the intriguing trends in the luxury market, this episode has some great insider insights. Whether you're a newbie, a pro, an enthusiast, or simply curious about the Manhattan market, this episode is one to watch. Highlights: 03:23 - The growing gap between renovated and unrenovated properties 07:18 - Pied-a-terre is doing better than the primary user market in the high-end 08:02 - Discounts are all over the place 11:46 - Can lower rates get the traffic moving again? 15:13 - The bull case for Manhattan 16:19 - Lightning round thoughts on pent-up demand and what 2024 might hold 22:13 - No better time than a slowdown to up your game The De Niro Team: https://deniroteam.com/ Raphael's page at Douglas Elliman: https://www.elliman.com/newyorkcity/associate/527-a-556-rad/raphael-de-niro ** Want to impress a buyer or seller? Use UrbanDigs Advisor! ** Need data to anchor a listing pitch or support a price reduction? Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount so the ROI is literally OFF. THE. CHART. Email [email protected] 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/