Will RE activity resume in the coming weeks?

It will be "Buy Now or Be Priced Out Forever!" again, a feeding frenzy with people lined up down the block, taking best offers every Tuesday evening at 7.15 pm.

On short sales and foreclosures.

The buzz on the street seems to be "don't list until after Labor Day weekend". I wouldn't be surprised if considerably more shows up in listings after this weekend. I hope so. Something positive would be a well deserved change. Also, keep an eye out for all the ghosts of the delisted making a new beginning.

stevejhx
about 1 hour ago
ignore this person
report abuse It will be "Buy Now or Be Priced Out Forever!" again, a feeding frenzy with people lined up down the block, taking best offers every Tuesday evening at 7.15 pm.

On short sales and foreclosures.

How many short sales and forclosures in Manhattan stevejhx? or are you speculating?

>keep an eye out for all the ghosts of the delisted making a new beginning.

to sit on the market for another two years?

when will they learn?

"when will they learn?"

Some of them don't since I see several old standbys coming and going doing the list/delist tango. Some of them have been doing this for literally years. I can see where someone is in no hurry to sell and just asks an unreasonable price, but some of these listings have pictures of empty apartments and that is sad. Before they get a buyer, they need to get a clue.

I think slow if the stock market does not improve. Sellers would want early spring/early summer 2011 sale prices plus a couple of percent but buyers will be gun shy due to double-dip fears and uncertainty about bonuses despite the low rates. Chinese buyers will provide some support to the market.

to my point.

If they could not sell their overpriced apartments in the last two years what makes you think they will be able to sell at higher price after labour day? all of a sudden the chinese will want to overpay?

Brooks2, I an taking about new listings. If an apartment has been sitting on the market for 2 years despite strong sales earlier this year, you need a large price cut of >15%.

Let's cool it with all those Chinese buyers on the sidelines nonesense. Not happening, as much as we would all like to believe the fantasy. Have you seen the correction in the chinese mkt this year? No chinese buyers at the open houses, correct?

The smartests re investors sold huge blocks of inventory in '08 at the top, when cap rates did not justify any crazy assumptions. These guys are NOT back in the market despite the atractive financing.

So, retail guys buying 1 apt, don't burn your life savings. Investors in with 2-10 who r not selling despite the probable sell-off, re-lever 25% of them at low rates (keep the cash and redeploy within 4 years).