BrokerageIndustry News

What to expect this year in New York real estate

From The Real Deal
Published on Jan 6, 2011

Editor's note: This article is reposted with permission by The Real Deal. View the original article. By MELISSA DEHNCKE-MCGILL NEW YORK -- Possible price erosion. No more government stimulus propping up the market. But all with the saving grace of more stability. Those are some of the things we can look forward to in the New York residential market in the coming year. Indeed, the good news is that the predictions for the New York City market aren't dire for the coming year. The bad news is that they aren't that awe-inspiring, either.In this month's Q-and-A, The Real Deal talked to market analysts and CEOs of brokerages to get their unvarnished views of what to expect in 2011. While many said there is unlikely to be robust activity this year (largely because of strict requirements from mortgage lenders and the pending concerns about the unemployment picture), they also said buyers and sellers have become more comfortable than they were last year at ...

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