Bonuses going to luxury housing

Residential brokers are starting to see the effects of Wall Street bonuses, particularly in the luxury-housing market. Brokers say interest has spiked in prohibitively priced Manhattan properties, East Hampton vacation houses and “starter” apartments in the $1-$3-million range. Over the past few weeks, properties like the Richard Meier-designed 165 Charles Street received a boost, with the building’s last four apartments selling. more [NYT]