By Hannah Minnick, Content Strategist & Copywriter
With over $6 billion in sales, the Louise Phillips Forbes team has found unparalleled success in the New York City real estate market, recently expanding their business into Fairfield County, Connecticut. Now operating out of Brown Harris Stevens' Darien office, Breda Casey and Louise Phillips Forbes are an undeniable powerhouse duo, bridging two of the most competitive markets in the country. In a recent interview, Breda and Louise discuss this monumental expansion, the current real estate market in Fairfield County, their favorite places to dine in NYC and CT, and much more.
Why did you decide to expand into Connecticut?
Louise: We decided to expand into Connecticut because of the strong synergy between Breda and me. We've known each other for years, are cut from the same cloth, and share a deep passion for being of service. Our complementary skills and shared vision allow us to effectively serve clients in both markets, and we truly believe that we can bring a unique and valuable perspective to the Connecticut area.
What is the greatest advantage of your new expansion for the BHS Agents and Execs reading this?
Breda: By bridging the Connecticut and New York City markets, we provide our clients with unmatched exposure and opportunities in both regions. This collaboration leverages our combined expertise and sharpens our marketing and sales strategies, delivering exceptional service, a competitive edge, and heightened success in real estate transactions—all while having fun doing what we love!
What are you seeing right now in the Southern Fairfield County Market? How is it performing with inventory and where are the buyers coming from primarily?
Breda: Southern Fairfield County is seeing steady demand, but inventory remains tight, especially in the mid-range and luxury markets. Many of our buyers are coming from New York City, seeking more space and a suburban lifestyle without sacrificing easy access to the city. We're seeing multiple offers in many cases, depending on a range of factors, which hopefully only continues.
What impact will the 50-basis-point cut in interest rates have on the 4th quarter NYC real estate market in your opinion for NYC and CT?
Louise: We've seen many buyers waiting on the sidelines, hoping for a rate drop. The most recent cut has boosted their confidence, prompting them to get back in the game—a trend that we expect to continue through the end of the year and into 2025.
Breda: A 50-basis-point rate cut is giving a real boost to the Connecticut real estate market this fourth quarter. With lower monthly payments, first-time buyers and those looking to upgrade are more likely to jump in, sparking lively competition for homes. Homeowners might also seize the chance to refinance and free up extra cash for other investments. Overall, this rate cut is generating excitement and encouraging more people to explore their housing options.
Where is your go-to place to take a client to dinner or drinks in NYC and CT? Why?
Breda (CT): That’s a tough choice, since there are so many great restaurants. My go-to is Molto at the new Darien Commons, which opened last year. The food, drinks, and cocktails are fantastic. It’s the perfect spot, and you’re always bound to run into friends, colleagues, or clients.
Louise (NYC): Everyone knows that I’m a coffee girl, so my two spots are the Regency for the perfect cappuccino, and the Whitby for an amazing power breakfast.
Share something that few know about you.
Breda: I was born and raised in Ireland, growing up on a family farm. I moved to the US in 2015, and while my family is still in Ireland, I'm grateful for the chance to visit them a couple of times a year.