Welcome to the 2009 Buyer's Market!

Have you been sitting on the sidelines in your expensive rental waiting for just the right time to buy your first Manhattan apartment? Well, ladies and gentleman, your time has arrived! There has probably not been a better time for buyers to purchase a Manhattan home since the immediate aftermath of September 11th, more than seven years ago!


The average selling price of a Manhattan apartment has dropped by nearly 20% since the peak of the market in the second quarter of 2008. Moreover, since there is far more negotiating room between list price and price accepted, this percentage may be closer to 25%, or even 30%. In the meantime, mortgage rates have dropped to historic lows. The 30-year fixed rate is now hovering around 5.5%. With a slew of exciting, and lower-priced, inventory hitting the market this month, there really is no excuse not to buy!


Your dream home can be finally yours, and at a much lower price!