Friday, October 07, 2005

More evidence of slowdown from NYT

Another NYT detailing the slowdonw in Manhattan prices. As reported earlier this week, the biggest hits came in the luxury market. In general, traffic is slow and inventory sits about a month longer. This is interesting, because mortgages are still quite cheap. I guess we have finally reached prices that even cheap money can't help.

ManhattanPriceExhaustion

1 Comments:

Blogger Jerome Jackson said...

'The media' vs. 'We media'
"There's a huge fissure within Big Media. Some get, some don't - and some never will." Mainstream media executives should be doing more than heeding these words from journalist and citizen media proponent Rory ...
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7:38 PM  

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