Welcome to the buyer's market: Supply is up, demand is down, and prices are teetering. Brokers say buy now – after all, there are deals to be had! But what if you waited?
Here’s four areas (and one borough) where buyers would be fools to rush in now.
In Manhattan, prices are falling. But several gauges indicate that, in the months ahead, they'll fall even further.
For one, new development – which accounted for 30 percent of sales in the borough last quarter – continues to skew prices, according to the third-quarter market report from Miller Samuel and Prudential Douglas Elliman. For another, sales are slowing. read more »