It's been a tough year in NYC real estate, but there are optimistic outlooks for the new year. Shazia Khan from NY1 reported on RE experts' forecast for 2010. Steven Spinola, President of Real the Real Estate Board of New York says, "sales are up dramatically from a year ago, city-wide condo sales are up 64 percent, co-op sales are up 30 percent versus where they were a year ago."
And data from the Manhattan Market Rental Report shows hope for improvement for the new year. With all the great incentives being offered to rental buildings, it's interesting to know how long these steep discounts will last. So if you're a renter looking for a steal in Manhattan rental apts, it's best to seize the opportunity before it's too late.
It may possibly be a Happy new year in NYC real estate after all. From everyone at Bohja Realty, Happy Holidays!
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