As the national housing market weakens, homebuyers in New York City are holding out for lower prices, but brokers are advising sellers to stick to their asking prices if they’re realistic. “If someone thinks a place is priced correctly and they’re not under pressure to sell, I would not reduce prematurely,” Jill Sloane, a Halstead Property senior vice president, told AMNY. Most brokers are advising buyers not to try to time the market.
Buyers await lower prices
May 23, 2008 08:17AM
