Sellers dream the impossible dream in vain

Dreaming, wishing and begging cannot help stubborn sellers unload their homes. (Flickr photo by Taifighta)

Sellers understandably want the highest possible price for their homes.

But wishing for an impossible price doesn’t mean they will get it.  In fact, wishing only means they won’t get it.

In the last month, prices were cut on 810 condos and co-ops in all of Manhattan.  A total of 329 of the reductions was for one-bedroom units and 214, for two-bedroom apartments. Continue reading