| Some New York City home sellers seem determined to keep bidding alive even after there appears to be a winner: a process dubbed goalpost-shifting. "Sellers are constantly shifting the bar higher, and in some cases, rightfully so," a longtime Manhattan broker who asked to remain anonymous, said. "There's a lapse between the time when a listing is priced and activity on that listing, and prices are climbing in that period -- that's why this market is setting a new bar." The process leaves even brokers, who in theory take the same tack as their clients, shaking their heads. |
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