A new round of Wall Street layoffs is in the works next month, but that won’t necessarily impact Manhattan’s residential real estate market. Instead, according to Forbes, it will harm housing markets in nearby suburbs. In the last five years, Manhattan’s workforce has become more diversified and its real estate has become even more attractive to wealthy foreigners. Combined with the shortage of inventory many brokers are reporting, those factors leave the island less susceptible to fluctuations in Wall Street’s employment figures. [more]