Elliman’s Jacky Teplitzky offers advice to buyers

NY1 attended a 92nd Street Y seminar hosted by Jacky Teplitzky, a managing director at Prudential Douglas Elliman. Teplitzky talked to prospective homebuyers and investors about how low prices might go in 2009 and how best to search for a home in this market. Teplitzky said investors should hold off until developers offer further concessions. But buyers who have good credit and cash for down payments should start looking for homes now, she said. [NY1]