It depends... Are you thinking of buying, selling, renting or investing??? Below are two articles from Sunday's NY Times Real Estate section. They both are necessary reads to answer your customers' questions....
“A Month Free? Rents Are Falling Fast”
In this challenging economic climate of layoffs and shrinking investments, there is a sliver of positive news: it’s a good time to be a renter in New York City.
In this challenging economic climate of layoffs and shrinking investments, there is a sliver of positive news: it’s a good time to be a renter in New York City.
http://www.nytimes.com/2009/02/01/realestate/01cov.html?_r=1&ref=realestate
“For Home Buyers, More Bank Roadblocks”
Even if a prospective buyer has impeccable credit and reliable income, many banks are refusing to make loans if they don’t like what they find when they review the finances and bylaws of the building where the purchaser hopes to live.
http://www.nytimes.com/2009/02/01/realestate/01loans.html?ref=realestate
“For Home Buyers, More Bank Roadblocks”
Even if a prospective buyer has impeccable credit and reliable income, many banks are refusing to make loans if they don’t like what they find when they review the finances and bylaws of the building where the purchaser hopes to live.
http://www.nytimes.com/2009/02/01/realestate/01loans.html?ref=realestate
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