Wall Street bonuses could ignite buying spree

Like a snow storm gathering outside the city limits, the specter of large Wall Street bonuses looms for the New York housing market. These year-end bonuses have accounted for 7.5 percent of the total of all wages earned in the city in recent years, according to the state comptroller’s office. Often, the bonuses infuse the city’s housing market with buyers, many of them looking to purchase at the higher end. more [Sun]