If you are looking to buy, there is a lot of great value everywhere. The New York Metro market really is presenting a lot of great buying opportunities. There is a lot of inventory. Some of the best areas for value now are:
Park Slope
Williamsburg
Morningside Heights
Harlem
Hells Kitchen
This is the perfect time to renegotiate your rent with your landlord, if your lease is expiring. Never better. To get the best value, I would suggest that buyers:
Negotiate initial offers
Instead of starting at 10% of asking price, start at 25% below asking
Find areas that you where you want to live and shop each home
For more information, visit www.kabrgroup.com/about.html.
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