Market taking unseasonable southward turn?
New York Magazine looks in a voluminous fashion at the possible imminence of a real estate bubble bursting, including a section rating the risk factor of New York neighborhoods. The New York Times looks at how the word on the street is some brokers are taking 5 percent commissions, which may be in part due to the introduction of new low- and no-commission business models into the industry. And the Wall Street Journal has reported that the U.S. Justice Department and the Federal Trade Commission are watching activity in the industry for possible anticompetitive behavior. Meantime, sources for The Daily News debunk the suddenly fashionable idea that a bubble is about to burst. more [NY Mag]
And more [NY Mag]
And more [NYT]
And more [WSJ]
And more [Daily News]