New York could see a double dip in residential market

As I learned at a recent conference at Hofstra Univ. on real estate and the Recession, this will also further depress the commercial real estate market. There's actually a formula for how many square feet of office space are needed per employed human being. I'm sorry I don't remember the number, but they then compare that multiplier with the available office space inventory.

{Manhattan real estate agent.}

for there to be a double dip, don't we need it to stop falling first?

As a New Yorker, I take no pleasure in my neighbors' misfortune. However, as a poised and ready buyer, I say, in the immortal words of Mr. Burns, "Excellent, excellent."