Price Cuts Working at Northside Piers, Others to Follow
The price cuts at Northside Piers that we first reported here and then again here have been picked up by Bloomberg. And, according to the news service, the reductions (two-bedrooms in the waterfront development are now as low as $691,000) are working: Contracts have gone out on five of the remaining 60 units in the…
The price cuts at Northside Piers that we first reported here and then again here have been picked up by Bloomberg. And, according to the news service, the reductions (two-bedrooms in the waterfront development are now as low as $691,000) are working: Contracts have gone out on five of the remaining 60 units in the last week. There is a stirring going on in the market,” said CBHK CEO David Michonski said, “but only at a lower price point. GMAP
“The silence from sebb and wine lover is once again deafening!”
I’m sure wine lover is out somewhere hating on some Hispanic people for no reason.
Very astute assessment of the market hannible. Not sure that I’ve seen any leading economists correlate the market bottom with home prices at 1995 levels.
You can’t make this stuff up!!!!
Market is running its course. You can’t overdose a sick patient so he heals in less time. They can pump as much money as they like but that is not going to fix anything until home prices reach 1995 prices. Homeowners don’t want to hear that but tough.
Good day for a three martini lunch. And then another three for dinner.
The silence from sebb and wine lover is once again deafening!
Alrighty then, that’s pretty much what I was thinking, thanks.
dibs answer makes sense too. sorry for the day-long geek-out. tomorrow I will stick to hating on new development.
snark, i really believe after 11 yrs in the biz that short term moves are 90% white noise. the press always comes up with a reason, but I just ignore it. maybe some saudi prince sold a billion, maybe some hedge fund is trying to push it around, maybe people suddenly get what they were supposed to get last year. but then tomorrow they might un-get it.
Because there are no details to the package. “We’re still working on it.”