Brokers see more interest in high-end market

While some are skeptical that the return of Wall Street bonuses could do much to change the Manhattan residential market, Wall Street Journal reporter Dawn Wotapka said that luxury brokers are starting to see more interest in open houses for high-end listings. “Real estate brokers in Manhattan are really excited this year,” Wotapka said. Even so, she said that the luxury spending culture is different from past boom years. “It’s the age of the quiet bonus — you don’t want to come up in the Porsche you don’t want to come up in the Tiffany watch.”