The Real Deal New York

Residential sales up, but prices flat

New Yorkers remain 'shell-shocked' by economy, while foreign buyers continue to prop up the market

October 05, 2011 03:02PM
By Leigh Kamping-Carder

From the October issue: Last month reminded New Yorkers of two dark days: the terrorist attacks on the World Trade Center, now a decade past, and the third anniversary of Lehman Brothers’ slide into bankruptcy. In addition, the failings of the financial system jumped to front of mind as protestors camped out in Lower Manhattan’s Zuccotti Park to “Occupy Wall Street.” But while many New Yorkers were preoccupied with the past, real estate professionals looked to the future, hoping the third-quarter residential market reports would bring positive news. [more]

Comments are closed.