Hopefully CNBC will be able to help spread the word on what is happening in Manhattan real estate. It would be amazing if this will begin to pave the way and facilitate a meeting of the minds between the buyers and sellers.
With an oversupply of rentals, dropping rent prices and predictions that values will be dropping 20%-40%, perhaps as much as 50%...it has become rather difficult to determine the value of a given property. The sellers are willing to let their properties stand rather than take their money and move on. I guess the 4th quarter results will stir things up.
Hopefully CNBC will be able to help spread the word on what is happening in Manhattan real estate. It would be amazing if this will begin to pave the way and facilitate a meeting of the minds between the buyers and sellers.
With an oversupply of rentals, dropping rent prices and predictions that values will be dropping 20%-40%, perhaps as much as 50%...it has become rather difficult to determine the value of a given property. The sellers are willing to let their properties stand rather than take their money and move on. I guess the 4th quarter results will stir things up.