What Even Is a Buyer’s Market These Days?

A daily mix of stories about cities, city life, and our always evolving neighborhoods and skylines. [Curbed]( Thursday, August 29 the housing market [What Even Is a Buyer’s Market These Days?]( And are we in one yet? Photo-Illustration: Curbed; Photo: Getty Is it finally a buyer’s market in New York? The buyers themselves certainly seem to think so. Kirsten Jordan, an associate real-estate broker at Douglas Elliman, says that with every other deal she’s been on this summer, “the buyer uses this technique where, after their offer is accepted, just before they’re about to sign, they call their broker and say, ‘The only way I’m doing this deal is if the seller gives me x.” When we spoke, she had just got off a call in which a buyer had threatened to walk if the seller didn’t knock $47,000 off the contract price, allegedly because of a construction estimate that came back high. The seller didn’t believe the demands were anything other than a negotiating tactic — but had, grudgingly, ceded a $20,000 discount. “Buyers feel empowered to do this because they know they have the sellers over a barrel,” says Jordan. “They can either walk away or get extra money. If they’re moving forward in a market with this much uncertainty, they want to feel like they’re getting a really good deal.” [Continue reading »]( Get a [free print copy of the Charli XCX Fall Preview]( issue and a New York tote with any annual plan. Offer ends soon. [Learn more about RevenueStripe...]( The Latest [The Kushner-Klosses Buy a Precarious Malibu Landmark It’s a great house, for however long it stands.]( By Adriane Quinlan [The Hoopla Over Ho-Hum A neighboring town challenged Bellport Village residents’ exclusive access to a Fire Island beach. The villagers aren’t having it.]( By Bridget Read [The Flatiron Will Go Condo Plans have been revealed for a conversion to 60 very nice apartments, some of them pointy.]( By Adriane Quinlan [Park Avenue’s Park Is Coming Back. Partially. Eventually. Restoring part of a gracious streetscape that we once ceded to cars.]( By Christopher Bonanos [Learn more about RevenueStripe...]( [Read More From Curbed]( [Sign up to get The Listings Edit](, a weekly digest of the most worth-it apartments in New York. [GET THE NEWSLETTER]( [logo]( [facebook logo]( [instagram logo]( [twitter logo]( [unsubscribe]( | [privacy notice]( | [update preferences]( This email was sent to {EMAIL}. Was this email forwarded to you? [Sign up now]( to get this newsletter in your inbox. [View this email in your browser.]( You received this email because you have a subscription to New York. Reach the right online audience with us For advertising information on email newsletters, please contact AdOps@nymag.com Vox Media, LLC 1701 Rhode Island Ave NW, Washington, DC 20036 Copyright © 2024, All rights reserved