VOICED: Apartments in New York are a steal

The video discusses the sale of a one-bedroom apartment in Midtown, highlighting its features and reduced price. Despite a $100,000 price drop, the market is slow, with first-quarter sales at a historic low. Corcoran agency views this as a price adjustment, not a drop, and believes New York's market will recover by the end of 2009. The video emphasizes that current low prices in New York City won't last forever.

What is one of the key features of the Midtown apartment mentioned in the video?

• It includes a private gym.

• It has a rooftop garden.

• It has a working fireplace.

• It comes with a parking space.

How has the price of the apartment changed since it was first listed?

• It increased by $50,000.

• It decreased by $100,000.

• It remained the same.

• It increased by $100,000.

How does Corcoran describe the current real estate market situation?

• As a temporary setback.

• As a price adjustment.

• As a booming market.

• As a complete market crash.

What comparison is made to explain the current real estate downturn?

• The recession of the early 2000s.

• The Great Depression.

• The recession of the early 90s.

• The financial crisis of 2008.

What is the expected timeline for the recovery of New York City's real estate market?

• By the end of 2012.

• By the end of 2011.

• By the end of 2010.

• By the end of 2009.