City Real Estate May Face Smoother Ride In 2010

The city's residential sales market waded though uncertainty, panic and dramatic price drops in 2009 -- so what's in store for 2010? Steven Spinola, president of the Real Estate Board of New York is cautiously optimistic. "Well 2010 is going to follow basically the last quarter of 2009 and the last quarter according to the first two months of the last quarter are doing pretty well -- sales are up... [more]

The city's residential sales market waded though uncertainty, panic and dramatic price drops in 2009 -- so what's in store for 2010? Steven Spinola, president of the Real Estate Board of New York is cautiously optimistic. "Well 2010 is going to follow basically the last quarter of 2009 and the last quarter according to the first two months of the last quarter are doing pretty well -- sales are up dramatically from a year ago, city-wide condo sales are up 64 percent, co-op sales are up 30 percent versus where they were a year ago," Spinola said. http://ny1.com/1-all-boroughs-news-content/ny1_living/real_estate/111091/city-real-estate-may-face-smoother-ride-in-2010/ Wanna see the same article in 1990? ''The first question we are hearing from buyers is whether things will be worse next year,'' said Roberta Faulstick, vice president of the William B. May brokerage in charge of sales in Greenwich Village, Brooklyn Heights and Park Slope. ''We don't have a crystal ball. We tell them our general sense is that the market is stabilizing.'' Some say the best opportunity to find a bargain may already have passed. http://www.nytimes.com/1990/04/21/nyregion/prices-of-co-ops-sag-in-new-york-about-5-to-10.html?pagewanted=1 HAHAHAHAHAHA! [less]