Manhattan Market Overview Q4 2008

Manhattan Apartment Sales Drop for Fourth Quarter in Recession

The quarterly report is in and depending how you view them it could be a very good or very bad thing. For Full Report Click Here

“You could say it started the second week of September when Lehman (Brothers) filed for bankruptcy,” said Dottie Herman, chief executive of Prudential Douglas Elliman, one of the United States’ largest real estate companies. “Up until then, New York City was holding its own and after that people were in shock. Things they trusted their whole lives just fell apart.”

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source : Diary of a Broker