The Real Deal New York

From the February issue: Falling Wall Street bonuses and fears of a nationwide recession may affect demand for Manhattan homes, but local market watchdogs maintain, albeit cautiously, that Manhattan real estate is still a solid investment. “Quite obviously, if the country goes into a recession, New York City real estate would logically be affected,” said Elizabeth Stribling, president of Stribling & Associates. “That said, the perception that real estate in New York City is a better investment than placing money in the stock market continues to be a stated reason for buying for many of our customers.”