The Real Deal New York

From the April issue: Spring is in the air, bringing hope to Manhattan real estate brokers that the traditionally busy season will give a boost to a slow real estate market. But a seasonal uptick may not be enough to spark a revival of a market dampened by the aftermath of the credit crisis. “Historically, [April] begins the real ‘spring’ market after everyone has received their bonuses from the year before, taken stock of their tax returns and the weather turns better,” said John Wollberg, executive vice president of Atco Residential Group. “This year, I would predict more of the same level as we saw in March.” In anticipation of the traditionally busiest season of the year, sellers have started putting their homes on the market, bumping up inventory.