is the nyc real estate market starting to stall

1. the recent sharp run up in long term interest rates, by itself, should have only a minimal effect on sell- ing prices in NYC's most desirable neighborhoods 2. in the short run, they could actually goose the market by accelerating decisions to buy, and bidding wars 3. by contrast, the cratering of the bond market and sharp price drops in major stock indexes could prove very negative for NYC real estate prices for at least 3 reasons: A. a lot of buyers need to sell stocks or bonds to fund RE B. those events cause extreme worry and fear C. fear of contagion: panics which infect all markets 4. are those of you who are brokers or extremely active in the market seeing any evidence of this