No Deal According to The Real Deal
The Real Deal has a number of articles, graphs and charts that describe the state of the real estate market in NYC. The slowdown in condo and co-op sales in the City is very important for Monmouth County since sellers of NYC apartments are the natural buyers of Monmouth County single family houses (among other suburban locations.)
"The moment of truth is coming sooner for New York real estate sellers, and sometimes it's not pretty. Real estate agents are increasingly finding that sellers who hoped to make a killing on their properties need to inject their visions of profits with a dose of reality when they price their apartments, or go through the time-consuming process of marking them down.
That doesn't mean that you'll find a Brooklyn brownstone or a Soho loft in the bargain basement, but many sellers may be disappointed to find that their property probably won't attract the bidding wars -- or even competing bids -- of years past."
Full Article...
More Graphs and Charts from The Real Deal.
"The moment of truth is coming sooner for New York real estate sellers, and sometimes it's not pretty. Real estate agents are increasingly finding that sellers who hoped to make a killing on their properties need to inject their visions of profits with a dose of reality when they price their apartments, or go through the time-consuming process of marking them down.
That doesn't mean that you'll find a Brooklyn brownstone or a Soho loft in the bargain basement, but many sellers may be disappointed to find that their property probably won't attract the bidding wars -- or even competing bids -- of years past."
Full Article...
More Graphs and Charts from The Real Deal.
posted by Little_Silvered at 9:05 PM
1 Comments:
anybody read the article in the A P PRESS sunday "Real Estate Bubble might no be so thin" .Some very good points ,a few that I like to point out to people as well,....I do see quite a few "under contract" signs poping up...that always good news to us all ....have a good one
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