According to this article in Forbes, “experts” predict a further 25% drop in prices for NYC area real estate. I believe that includes the stretch from northern New Jersey to Bridgeport, so obviously, your results may vary, but that’s good news for renters who want to become buyers. Not so good for any of us who’d like to be sellers. The problem with a report like this is that, even if the prediction is wrong, what buyer, reading it, is going to rush out and buy a house at today’s price? I don’t think I would.