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Harlem Market Heat Check

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UrbanDigs chats up several Harlem brokers on the current state of the market in the 125th Street vicinity. From local broker Willie Kathryn Suggs: "Prices for townhomes have flattened but they are not going down. We just saw an SRO conversion that was done without permits and sold in a foreclosure proceeding sell above the asking price. A couple of months ago people were coming in with lowball bids trying to take advantage of the news headlines, we aren't seeing that anymore. Some bids may be below asking prices but they aren't insulting." Noted separately: word of more condo developments going rental. [UrbanDigs]