NY Post: Things Really Aren't That Bad
The NY Post throws in its two cents to the market analysis debate with the view that we are hardly in the midst of a dramatic bursting of the bubble. More like a recalibration to more sane levels: Though recent data signal a softening in some areas of the market, there are no indicators -…
The NY Post throws in its two cents to the market analysis debate with the view that we are hardly in the midst of a dramatic bursting of the bubble. More like a recalibration to more sane levels:
Though recent data signal a softening in some areas of the market, there are no indicators – yet – this is the beginning of a crash. Think of the current market as a kinder, gentler bubble – not a catastrophic burst, but a reality check, a skimming of the froth, a round of requisite price corrections that is seen as a welcome necessity.
The Corrections [NY Post]
And the Corcoran condos on 2nd Place in Carroll Gardens sold out in a matter of hours. 7 apartments. The two one-beds were $489K and $550K. The other 5 units were two-beds (full floor)…all priced at over $1 million.
Absolutely. I saw a classic 8 on UWS that was priced very well. It took 3 weeks to go into contract.
Have any readers seen anecdotal evidence of well-priced props moving fast?
I agree. This is a top-heavy market. Sellers have been getting greedy. Significantly over-priced properties are staying on the market for weeks or months at a time, creating an inventory glut. Still, quality units, properly-priced are selling quickly.