Report: Manhattan housing market cooling

In anticipation of a Manhatttan residential market report to be released today by appraisal firm Miller Samuel and Prudential Douglas Elliman, some quarters are buzzing about a possible slowdown in the housing market. According to the buzz, more sellers are putting homes on the market, homes are selling less quickly, and prices no longer are increasing as fast as they were in the spring including in New York. more [NYT]