The City Remains on Sale

 New York City ranked eighth among cities with the largest decreases in price-chopped listings, according to the real estate web site Trulia: 18 percent of citywide listings had experienced price cuts last month, down from 27 percent in November 2009. "Seeing lower levels of price reductions nationally is an early indicator that we may be getting closer to a healthier real estate market," said Pete Flint, co-founder and CEO of Trulia. Flint warned, however, that the impending expiration of the homebuyer tax credit could deflate prices as owners rush to get their properties sold before the deadline.