NY TIMES REALTY NEWS Living In | Suffern, N.Y.: When the Town Line Is the State Line Suffern, a two-square-mile village in the town of Ramapo along the New Jersey border, has a coziness reminiscent of the village from an earlier era. In the Region: All the Home?s a Stage A home manager is essentially a live-in stager, as well as a caretaker and cleaner extraordinaire who helps sell a vacant property. Big Deal: Someone Still Has Money City records show that deals are still being done, but often far below the asking price, and bankers and hedge-fund types, who once drove prices ever higher, are a fleeting presence. Havens | Elephant Butte, N.M.: Blue Skies, a Small Town and a Big Lake Second-home owners who crave the outdoor life are attracted to the temperate climate, semirural location and lakeside living in this southern New Mexico town. The Hunt: Apartment Hunters Chart New Territory Mattias Johansson and his girlfriend, Diane Tider, decided to buy in Jersey City after one day of apartment hunting. Striking Declines Seen in Manhattan Real Estate Market A series of market reports on the fourth quarter of 2008 showed an abrupt decline in transactions, tottering prices and buyers who are still looking but unwilling to sign a contract. As Vacant Office Space Grows, So Does Lenders? Crisis Rising vacancy rates across the country could make it hard for building owners to pay their mortgages. Ventures: Office Demand Is Down, and So Are the Deals The credit crisis and recession crushed deal making in office buildings in 2008. Aimee Burrell, CLHMS, CRS, GRI Realtor® 480.216.2644 Jeff Tipton, ABR, CRS, GRI Associate Broker 480.216.9966 RE/MAX POWER REALTY 7529 S. Power Road Suite 101 Queen Creek, AZ 85242 (480) 850-5858 Each Office Independently Owned and Operated

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