Residential and Commercial Discussion
Having received the latest issue of The Real Deal, I always like reading over the Editor's Note. I believe it gives great insight as to what the articles in the magazine will cover. This month seems to focus on the not so obvious weaknesses that are involved in New York real estate. As Mr. Stuart Elliot says, "Real estate pros- even those who are usually cautious in their public statements- are saying those high price tags could start spooking buyer. They're also acknowledging a decline in overall demand."
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So does this mean that the real estate market will be experiencing a slow down in the upcoming months? The summer season is almost finished and September is leaving many agents worried.
If you haven't felt the crunch of the recent market then you are either a very competent Real Estate Agent, and we congratulate you, or not in real estate. Residential and Commercial listings are becoming difficult to acquire and the prices offered are lower than the sellers are looking for. It leaves the deal at a standstill. This is exasperating for buyers, sellers, listing agents, and everyone involved in the process. We will have to play it by ear in the future and see what the market brings.
We suggest reading a few of the articles in The Real Deal and comment below telling us your predictions in the upcoming months. Where do you see NY real estate going whether it be Residential or Commercial?
Thank you,
Realty Executives of New York
32-56 Steinway Street
Astoria NY 11103
Phone: 718-791-9217
Email: realtyexecutivesny@gmail.com
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