From the March issue: In real estate these days, a little knowledge is a dangerous thing. As January’s snowdrifts finally melted, would-be buyers and renters flocked to open houses last month, tempted by low interest rates and visions of discounted dream homes. “Buyers are out in full force and bonus checks have hit the bank,” said Prudential Douglas Elliman’s John Gomes. But brokers complain that the sheer amount of market data available these days can hinder deals, especially in a still-uncertain economic environment. “Real estate buyers are savvier than I’ve experienced in the past,” said Stacey Chametznik, a senior vice president at City Connections Realty. [more]
