Homebuyers hope to time the bottom

By News on the Net —— Bio and Archives April 26, 2009

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With white tin ceilings, original woodwork, bay windows, and a $699,000 price tag, the two-bedroom apartment at 719 Carroll St. in Brooklyn would have been snatched up in a New York minute a couple of years ago.

Instead, it's been on the market for more than two months. On a recent spring weekend 14 buyers came through, and still no bids. "We're in the early stages of the search," said Joanna Brett, 33, as she checked out the apartment with Sarah Madigan. "We've been looking on and off for six months." More...