Slim pickings for real estate vultures | CCNMoney
Slim pickings for real estate vultures
There may be a real estate slowdown, but bargain hunters still aren't finding much to feast on.
By Les Christie, CNNMoney.com staff writer
August 7 2006: 3:25 PM EDT
NEW YORK (CNNMoney.com) -- As signs mount of a slowing real estate market, the "vultures" are beginning to circle. But home prices may still have to fall further to create the bargains they crave.
These savvy home buyers who "save their pennies, wait for bargains and then pounce" are already out and about in Manhattan, according to Leonard Steinberg, an executive vice president with Prudential Douglas Elliman.
There may be a real estate slowdown, but bargain hunters still aren't finding much to feast on.
By Les Christie, CNNMoney.com staff writer
August 7 2006: 3:25 PM EDT
NEW YORK (CNNMoney.com) -- As signs mount of a slowing real estate market, the "vultures" are beginning to circle. But home prices may still have to fall further to create the bargains they crave.
These savvy home buyers who "save their pennies, wait for bargains and then pounce" are already out and about in Manhattan, according to Leonard Steinberg, an executive vice president with Prudential Douglas Elliman.
posted by Patrick Leblanc at 3:10 PM
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