TITLE

Investment-property market cools

AUTHOR(S)
Acton, Ryann
PUB. DATE
August 2006
SOURCE
Business Journal (Central New York);8/18/2006, Vol. 20 Issue 33, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the slowdown in investment-property market sales and reduction in property prices in Syracuse, New York. Trends indicate the transition of the investment-property market into a buyer's market resulting from high interest rates, stubborn sellers and persistent buyers. Since properties tend to stay on the market longer, buyers have more choices. Therefore, buyers can be more selective and can buy any property that they want.
ACCESSION #
22055978

 

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