Friday, January 05, 2007

New York City's Price Choppers, a Bruni PR client, is working closely with New York magazine on tracking the latest "Price Choppers" in the NY Real Estate market. Here's an excerpt from the latest issue of New York.

The Year of the Price Cut
Overreaching is so 2006.

* By S.Jhoanna Robledo

So is it a soft market, or isn't it? The consensus is forming: Sellers just can't overreach and expect a huge payout the way they did a couple of years ago. New York asked, an online database that gathers information on most listings in the city, to run the numbers and find the largest price drops of the year (leaving out mixed-use and multiple-unit buildings and new developments). Bargain-hunters and bonus-toters, this may be your moment.

read further at

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