Analysts say sellers aren't adapting quickly enough to a market that collapsed after Lehman Brothers' bankruptcy and the meltdown of the financial system last fall.
They say buyers don't have the confidence or the wherewithal to take advantage of dropping prices. That's especially true for Wall Streeters in the luxury apartment market.
Even with little hope of a quick economic turnaround, analysts are still looking with some optimism to the second quarter.
NEW YORK AND TRI-STATE AREA NEWS
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