Article: High-end sales bright spot in home market. (home real estate market reflects sales activity in multi-family and luxury apartments)

"Firming up" and "bottoming, out" are key phrases residential experts are using to describe the marketplace.

While they admit some sellers who purchased in the late and booming 80's are losing both their shirts and buildings to the high prices and high interest rates, new buyers are plentiful for correctly priced multi-family apartment houses as well as large luxury apartments in solid neighborhoods.

Confidence has not returned, however, to the smaller and less pricey side of the co-op market with one broker citing the need for a middle-class advocate and incentives to give families a reason to remain in the city.

Appraiser Alan J. Greenstein, R.M., S.R. A., vice ...

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