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NYT (4.9.09): "Manhattan real estate market has just begun a steep slide"

Started by beatyerputz
about 17 years ago
Posts: 330
Member since: Aug 2008
Discussion about
http://www.nytimes.com/2009/04/09/realestate/manhattan/09real.html?hp
Response by beatyerputz
about 17 years ago
Posts: 330
Member since: Aug 2008

"Jonathan J. Miller, an appraiser who prepares quarterly reports on Manhattan, said the market could continue to fall through this year and next, especially if credit remained tight for most buyers. After that, he said, it could take several more years to work through the excess inventory."

"The housing recovery will also depend on the state of the economy, which many forecasters say will take a disproportionate toll on New York City before the recession ends."

This is shocking, SHOCKING! Who would have guessed?

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Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

No way! I so did NOT call this!
;-)

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