Even though employment and consumer confidence are on the uptick, demand for buying new homes is low in
metro New York, keeping real estate prices stagnant to slightly lower in the area. Yet, there may be good news for thousands of homeowners in the New York area who are trying to sell their homes. My optimism is based on rental supply and demand, not driven by a bet that real estate prices will rise in 2013.
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We should all stay optimistic - even when the housing market in New York is not that yet improving. But of course, it will in certain time, and patience on the housing market is a big factors for surviving.
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