Deals are being made a little easier. Before they sometimes were getting more than their asking price and getting into bidding wars. Others are more bullish. Gary Malin, chief operating officer of New York City-based real estate firm CitiHabitats, says he's seen prices holding firm and continued interest from buyers for New York City real estate. I don't see that there's this mass migration.
People still love the city and they want everything it has to offer.
But like many other market watchers, Malin concedes that it's probably too soon to tell what effect the events of Sept. 11 will have on the real estate market longer term. Lereah says he doesn't expect the slowdown to take hold until November or December of this year. 2001 - iSyndicate, inc.