NY1 attends a seminar hosted by Jacky Teplitzky, leader of Prudential Douglas Elliman's Jackie Teplitzky team. Teplitzky talks to prospective homebuyers and investors about how low prices might go in 2009 and how best to search for a home in this market. Teplitzky said investors should hold off until developers offer further concessions. But buyers who have good credit and down payments should start looking for homes now, she said.
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