NEW YORK REAL ESTATE PREPARES FOR BIG BONUSES?

0d05cbb73737ddde0e615b0f8144f491a12b6611Posted by Leonard Steinberg of URBAN COMPASS on November 6th, 2014

As real estate land fumbles about the future of the markets, word on the street is that some are doing quite well indeed…. bonus season is about to dawn on us and all bets are they will be good! Money managers at hedge-fund firms that oversee more than $4 billion earned about $2.4 million this year, an increase of almost 8% and pay for senior traders and analysts at large funds with average industry performance rose about 5%, partly driven by competition from private-equity firms and banks. Analysts earned about $372,000 in salary and bonus. Hedge-fund bonus pools continued to grow in 2014, inflated by management fee income. Higher incomes usually imply a strong real estate market…..right now I would definitely not call this a buyer’s market, but rather a buyer’s MOMENT. The calm before the traditional January storm…..?