Halstead Property

According to the fourth quarter Manhattan residential market report released by Brown Harris Stevens, the average Manhattan apartment sale price of $1,391,745 was down slightly from the last quarter and down just 3% from same period in 2010.A leading factor...
Brokers Weekly - Wednesday, January 11, 2012

By JOSH BARBANEL Manhattan apartment sales fell sharply and prices slipped in the fourth quarter, but brokers remained undaunted and predicted that a boost in buyers' confidence would stabilize the market in 2012. Manhattan sales declined 12.4% in the fourth...
Wall Street Journal - Wednesday, January 04, 2012

By Oshrat Carmiel Manhattan apartment sales fell 12 percent in the fourth quarter from a year earlier as Europe’s debt crisis and sluggish U.S. job growth dimmed buyer appetites. Purchases of condominiums and co-ops declined to 2,011 from 2,295 in the...
Bloomberg News - Wednesday, January 04, 2012

By JENNIFER GOULD KEIL and ANDY SOLTIS Manhattan housing prices are finally stable, but sales are down compared with the busy market of 2010, industry experts said. The median sales price of a Manhattan home was $855,000 in the last quarter,...
New York Post - Wednesday, January 04, 2012

By Les Christie NEW YORK (CNNMoney) -- Despite a number of multi-million dollar home sales, including a record-setting $88 million penthouse deal in December, Manhattan real estate prices fell significantly during the final months of 2011. The median price paid for...
CNN Money - Wednesday, January 04, 2012

Local market continues to be remarkably resilient in face of broader economic tumult. High end and entry-level units both show strength, aided by low interest rates. By Amanda Fung After a tumultuous year in global markets, the average sale price for an...
Crains - Wednesday, January 04, 2012

By Vivian S. Toy The Manhattan real estate market closed out 2011 with prices relatively flat, but sales volume for the fourth quarter was down by more than 12 percent from the previous year largely because of shrinking condominium inventory as...
New York Times - Wednesday, January 04, 2012

Buoyed by lack of inventory, prices for new development units rise From left, Prudential Douglas Elliman’s Dottie Herman, Halstead Property’s Greg Heym and the Corcoran Group’s Pamela Liebman By Leigh Kamping-Carder The volume of Manhattan home sales declined at least 12 percent...
The Real Deal - Wednesday, January 04, 2012

Market Indicators Up SLightly, Prices Steady W.B. King While the economy sputters along and unemployment rates remain steady at more than nine percent, there doesn't seem to be much call for celebration—but all is not gloom and doom. The real estate market...
The Cooperator - Tuesday, December 20, 2011

Nightly Business Report Transcript SUSIE GHARIB: We all know the U.S. housing market is stuck in the basement, but just how bad is it? Suzanne Pratt reports. SUZANNE PRATT, NIGHTLY BUSINESS REPORT CORRESPONDENT: From adorable bungalows in sunny south Florida to...
PBS - Monday, October 24, 2011

By VIVIAN S. TOY The Manhattan real estate market remained resilient in the last three months, with prices holding steady and sales volume going up, despite the wild gyrations of the stock market over the summer and continued fears of global...
New York Times - Tuesday, October 04, 2011

By Josh Barbanel Despite abundant economic uncertainty, the Manhattan co-op and condo sales have achieved a rare state of being during the third quarter: stable and boring. "Slow and steady as we predicted and hoped," said Diane Ramirez, the president of Halstead...
Wall Street Journal - Tuesday, October 04, 2011

Prices are mixed, but the sales activity is up, market reports show By Leigh Kamping-Carder Though pricing indicators were mixed, the volume of Manhattan residential sales increased in the third quarter of 2011, creating an overall picture of stability in Manhattan's...
The Real Deal - Tuesday, October 04, 2011

By Prashant Gopal and Katie Spencer Manhattan apartment sales jumped in the third quarter, buoyed by deals at the high and low ends of the market, as foreign investors drove demand for condos and entry-level buyers took advantage of record-low mortgage...
Bloomberg News - Tuesday, October 04, 2011

Scoop up apts. in Man. By ANDY SOLTIS Despite chaos in financial markets and tight credit, sales of Manhattan apartments are way up -- thanks to foreigners. There were 3,106 sales in the third quarter of the year -- a solid increase of...
New York Post - Tuesday, October 04, 2011

Five—count 'em, five—marketplace reports suggest demand for Manhattan apartments remains steady. Median sales price: $911,333, down just 0.3% from year-earlier period.By Amanda Fung Fears that the economy may be returning to the bleak days of 2008 don't appear to have...
Crains - Tuesday, October 04, 2011

By Lee Christie NEW YORK (CNNMoney) -- Taking advantage of a weak U.S. dollar and a beaten down housing market, foreign buyers helped push Manhattan home prices slightly higher in the third quarter, according to the city's top residential real estate...
CNN Money - Tuesday, October 04, 2011

By Phyllis Furman Wealthy buyers are helping Manhattan's residential real estate market continue to hum, despite the faltering economy. The average price of a Manhattan apartment during the summer months was $1,437,302, in line with the second quarter and up 1%...
The New York Daily News - Tuesday, October 04, 2011

By Oshrat Carmiel and Ashwin Seshagiri Home prices in New York’s Hamptons, the Long Island resort towns favored by summering Manhattanites, increased 4.2 percent in the second quarter from a year earlier as buyers opted for more expensive beach properties....
Bloomberg News - Thursday, July 21, 2011

The real estate market in New York City isn’t what it was in the recent past—a fact that troubled many brokers, but which for buyers was a good thing. Across the market, prices are still well below their height of...
The Cooperator - Friday, April 22, 2011

By Vivian S. Toy After more than a year of slow but steady growth, the Manhattan real estate market saw declines in price and sales volume in the first three months of 2011, raising the question of whether the city may...
New York Times - Friday, April 01, 2011

Tight credit, a harsh winter and a return to seasonality led to a relatively quiet first quarter in Manhattan, according to several residential sales market reports released today by some of New York City's top firms. While reports from...
The Real Deal - Friday, April 01, 2011

By Oshrat Carmiel Manhattan apartment prices dropped in the first quarter as condominium sales plummeted and new- development deals made up the smallest share of the market in almost seven years. The median price of all properties that changed hands in...
Bloomberg News - Friday, April 01, 2011

By Amanda Fung Manhattan residential sales prices continued their fall in the most recent 12-month period, according to three market reports released Friday. At the end of the first quarter, the median price stood at $782,071, down 9.9% from the same...
Crains - Friday, April 01, 2011

By Christina Hribar Brokerage firms and database firm Streeteasy.com unleashed their first-quarter reports for the Manhattan real-estate market, and yes, Virginia, the average price for an apartment did fall. Streeteasy.com saw both median and average prices (including condos, co-ops, and new...
New York Magazine - Friday, April 01, 2011

NEW YORK (CNNMoney) -- Isn't it fun to be a New Yorker? There's the rotten weather much of the year, dirty subway stations, packed restaurants and grid-locked streets. And really high home prices. According to four residential real estate market reports...
CNN Money - Friday, April 01, 2011

By JOSH BARBANEL The Manhattan co-op and condo market hit a speed bump in the first quarter of the year as median prices fell and several market reports showed a drop in sales. It's a big turnabout from a year...
Wall Street Journal - Friday, April 01, 2011

The last few quarterly market reports have been decent, and even, perhaps, normal. But all good things must come to an end, including rosy (for a recession recovery) sales numbers...and agreement among brokerages about what those numbers actually are. On...
Curbed - Friday, April 01, 2011

There's reason to be optimistic about the city's residential real estate market after recent data highlighted a trio of positive indicators. According to a new report compiled by Gregory Heym, Halstead's chief economist, the city added private-sector jobs in 2010,...
The Real Deal - Friday, March 04, 2011

There's reason to be optimistic about the city's residential real estate market after recent data highlighted a trio of positive indicators. According to a new report compiled by Gregory Heym, Halstead's chief economist, the city added private-sector jobs in 2010,...
The Real Deal - Friday, March 04, 2011

By JOSH BARBANEL Home sales plummeted by more than 20% in Brooklyn and Queens last quarter, a drop reflecting the expiration of federal housing tax credits for buyers. The tax credit of up to $8,000 to home buyers spurred sales across...
Wall Street Journal - Thursday, January 20, 2011

Closings have begun at the Columbia Commons condominium in Cobble Hill, Brooklyn, according to Halstead Property Development Marketing, which is the exclusive brokerage for the new building. The 42-unit building at 110 Warren Street on the corner of Hicks Street...
The Real Deal - Tuesday, January 18, 2011

As the market moves towards a recovery, brokers and developers are saying the city will soon face a shortage of new development projects, which can drive home prices up, the New York Times reported. Last year, through November, the city...
The Real Deal - Monday, January 17, 2011

By Vivian S. Toy AT the height of the real estate boom in Manhattan, it seemed a new glass-walled apartment tower was unveiled every week and sold out before the next one even got its Web site up. Now, as the...
New York Times - Friday, January 14, 2011

At the height of the real estate boom in Manhattan, it seemed a new glass-walled apartment tower was unveiled every week and sold out before the next one even got its Web site up. Now, as the market plods along...
New York Times - Friday, January 14, 2011

NEW YORK (CNNMoney) -- Home prices in Manhattan, the nation's most expensive big market, seem to have settled into a rut -- or rather, a high plateau. Four of New York's biggest residential real estate brokers issued Manhattan market reports Tuesday...
CNN Money - Tuesday, January 04, 2011

It's the second business day of 2011, which means it must be time for the fourth quarter market reports from the major brokerages wrapping up 2010. This morning's headlines tell us that Manhattan real estate sales experienced steady growth, sideways...
Curbed - Tuesday, January 04, 2011

New York City never stops changing, and the newest census proves it. Two months ago, the Census Bureau released a batch of data from the American Community Survey. Later this year, more data from the 2010 census will be released,...
The Real Deal - Saturday, January 01, 2011

Ross Ellis It is important for first-time home buyers to learn as much as they can and become more educated about the latest market reports where they are considering purchasing a home. If you’re a first-time home buyer and ready to...
Examiner.com - Sunday, October 03, 2010

By Amanda Fung The Manhattan residential real estate market continued to stabilize as sales levels returned to historical norms and the sale of more big apartments helped to boost average prices during the third quarter, according to several market reports released...
Crains - Friday, October 01, 2010

By JOSH BARBANEL While the housing market in much of the country remains mired in distress, the Manhattan market continued to strengthen over the summer, as the pace of sales and selling prices of larger, more expensive apartments picked up,...
Wall Street Journal - Friday, October 01, 2010

Manhattan apartment sales jumped 19 percent in the third quarter from a year earlier, reaching the second-highest level since 2008, as the city’s job market stabilized and mortgage rates fell to record lows. The number of completed sales climbed to...
Bloomberg News - Friday, October 01, 2010

By Amy Tennery An uptick in sales activity and a relatively slow rate of new inventory helped drive Manhattan home prices upward in the third quarter, according to market reports released by several of the city's major residential firms today. The...
The Real Deal - Friday, October 01, 2010

The third quarter of 2010 was sending out all sorts of mixed signals about the state of the Manhattan real estate market. While prices and sales activity seemed to be performing well, there was fear about what the expiration of...
Curbed - Friday, October 01, 2010

By JOSH BARBANEL The housing market in most of New York City is outperforming markets in the rest of the country this summer, with prices rising modestly as employment grows in the city. In Brooklyn, median prices for apartments and houses...
Wall Street Journal - Monday, August 30, 2010

Despite a gloomy outlook for the nation's housing market, New York City industry experts are reporting encouraging news on home prices during the third quarter of the year, according to the Wall Street Journal. Manhattan led the charge, with an...
The Real Deal - Monday, August 30, 2010

Gregory Heym, Halstead Property's chief economist and author of the firm's market reports, said the Manhattan apartment market's recovery continued in the second quarter of 2010, in the Halstead ProperTV video above, with 81 percent more transactions than a year...
The Real Deal - Thursday, July 22, 2010

We know it's early in the morning, so we'll begin our roundup of the second quarter Manhattan market reports from the major brokerages—Elliman, Corcoran, Brown Harris Stevens, and Halstead—and StreetEasy with the biggest shocker from the data: by all accounts,...
Curbed - Thursday, July 01, 2010

All that talk of a busy spring selling season? Turns out, it wasn’t all spin. According to the second-quarter reports from Streeteasy.com and four major brokerage firms — Prudential Douglas Elliman, the Corcoran Group, Halstead Property, and Brown Harris Stevens...
New York Magazine - Thursday, July 01, 2010

Manhattan apartment sales jumped 80 percent in the second quarter from a year earlier, reaching the highest level since 2008, as the city’s job market improved. About 2,750 condominiums and cooperative apartments sold in the period, New York appraiser Miller...
Bloomberg News - Thursday, July 01, 2010

By VIVIAN S. TOY The number of apartments sold in Manhattan rose significantly in the last three months, but prices were flat, with some categories dipping slightly compared with the previous quarter, according to sales reports to be released on...
New York Times - Wednesday, June 30, 2010

By Oshrat Carmiel and Ashley Lutz June 24 (Bloomberg) -- It took Stephane Melloul three days to learn he’d need about $50 million for the New York home of his dreams: four bedrooms, a terrace and Central Park views. Melloul, president of...
Business Week - Thursday, June 24, 2010

By Oshrat Carmiel April 2 (Bloomberg) -- Manhattan apartment sales doubled in the first quarter as bargain-hunting buyers scooped up co-ops and condos in a market where resale prices have fallen an average 29 percent since their peak. The number of sales...
Bloomberg News - Friday, April 02, 2010

By Tom Acitelli Let's call it a housing bounce this time around. The Manhattan apartment market, laden only last year with satisfied predictions of a steady decline, appears on the up and up, if the latest batch of quarterly market reports are...
New York Observer - Friday, April 02, 2010

The bottom fell out of the Manhattan real estate market at the start of 2009. In truth, it fell out the day Lehman Brothers declared bankruptcy, but the quarterly market reports put out by the major brokerages lag behind what's...
Curbed - Friday, April 02, 2010

By Les Christie NEW YORK (CNNMoney.com) -- Homebuyers have flocked back to Manhattan after sitting on the sidelines for much of last year, according to three reports issued Friday. The demand has helped stabilize prices in the nation's most expensive large...
CNN Money - Friday, April 02, 2010

By CHRISTINE HAUGHNEY Apartment prices in Manhattan rose modestly in the first three months of this year compared with the previous quarter, but they were well below the peak of 2008, according to sales reports to be released on Friday by...
New York Times - Thursday, April 01, 2010

TOM HUDSON: Pending home sales fell sharply in January Susie, down by 7.6 percent. That's just some more troubling news here about the nation's housing market. SUSIE GHARIB: Tom though, part of the blame goes to those nasty snow storms...
PBS - Thursday, March 04, 2010

The fourth quarter of 2009 saw more closings than any other last year, which according to Gregory Heym, Halstead Property's chief economist and the author of the firm's market report, was an unusual surge in closings -- the year's end...
The Real Deal - Monday, January 18, 2010

The aughts are in the past, but it's not time to close the book on one of the craziest decades in New York City real estate history quite yet. The major brokerages have issued their fourth-quarter Manhattan sales reports, and...
Curbed - Tuesday, January 05, 2010

By Les ChristieBonuses are making a comeback on Wall Street and that might help stabilize the Manhattan real estate market.While Manhattan home prices dropped between 10% and 15% in the last quarter of 2009 compared with a year earlier, the...
CNN Money - Tuesday, January 05, 2010

By Oshrat CarmielManhattan apartment prices fell for a third consecutive quarter as Wall Street job losses drained demand and the decline in co-op and condominium values reached 21 percent since the market peak.The median price slid 10 percent to $810,000...
Business Week - Tuesday, January 05, 2010

By Candace TaylorAn uptick in sales activity has slowed the once-rapid decline in the Manhattan real estate market, according to fourth-quarter market 2009 reports released by the city's major brokerages today, though experts still fear a double-dip in prices.Sales activity...
The Real Deal - Tuesday, January 05, 2010

The real estate market continues to thaw in Manhattan! Home prices have fallen in double digits in the fourth quarter and are down nearly 15 percent from the year ago median prices. The average price per square foot has also...
The Money Times - Tuesday, January 05, 2010

By J.W. ELPHINSTONE Home sales in Manhattan rebounded at the end of the year, but experts predict a weak recovery for the new year because the number of pending deals declined.Five housing reports released Tuesday painted a picture of a...
ABC News - Tuesday, January 05, 2010

By J.W. ELPHINSTONE Home sales in Manhattan rebounded at the end of the year, but experts predict a weak recovery for the new year because the number of pending deals declined.Five housing reports released Tuesday painted a picture of a...
Associated Press - Tuesday, January 05, 2010

Manhattan brokerage houses' real-estate market reports for the fourth quarter of last year are out today, and here’s the diagnosis: The bleeding appears to have been stanched — at least for now — and the patient stabilized. While “median prices...
New York Magazine - Tuesday, January 05, 2010

By ELIZABETH A. HARRISThe 2009 Manhattan real estate market ended on a better note than it began, according to fourth-quarter reports that were to be released Tuesday by the city’s largest brokerages.The improvements in the market that began over the...
New York Times - Monday, January 04, 2010

A month of pep talks about the rebound of the Manhattan market have led to this: The release of the major brokerages' third-quarter market reports. So, was all the good cheer warranted? Maybe! We direct your attention to the two...
Curbed - Friday, October 02, 2009

By JOSH BARBANEL After a year of declines in Manhattan co-op and condominium sales, the residential market has perked up enough for real estate appraisers and brokers to at least debate the question on the minds of many New Yorkers: Has...
New York Times - Friday, October 02, 2009

By J.W. ELPHINSTONE (AP) NEW YORK — Blink. What housing downturn? Sales of apartments and co-op units in Manhattan soared between 46 and 69 percent from the second to the third quarter, according to a handful of reports Friday. Though sales are...
Associated Press - Friday, October 02, 2009

Manhattan apartment prices fell for a second consecutive quarter, helping drive the biggest gain in sales in more than 13 years as buyers seized on discounts. The median price slid 8.4 percent to $850,000 in the third quarter from a...
Bloomberg News - Friday, October 02, 2009

All those reports of active open houses—compared to the way it’s been, anyway—this summer? All true, as it turns out, according to Manhattan market reports released today by pretty much everyone who crunches numbers in real estate. But no one’s...
New York Magazine - Friday, October 02, 2009

After substantial drops over the past year, Big Apple prices stabilized during the third quarter. The cost of entry onto crowded Manhattan island, one of the most expensive real estate markets in the nation, may have gotten a little steeper in...
CNN Money - Friday, October 02, 2009

By: Diana Olick CNBC Real Estate Reporter It's that time of the quarter again, when monied Manhattanites bemoan the continued loss of their net worth, thanks to their previously sky-high real estate values falling down the airshaft to around the 8th floor....
CNBC - Friday, October 02, 2009

New York Times - Thursday, August 06, 2009

Halstead Property hosted a Week of Opportunities during the week of July 13-19. The special promotional week focused on the values and opportunities that currently exist in today’s real estate market. More than 110 buyers filled the seats at the...
RIS Media - Thursday, July 30, 2009

By: Jill UrbanThe city's second quarter real estate market reports have just been put out by the major real estate firms, and they show that prices continue to fall but activity is up."I think the news is that people got...
NY1 - Friday, July 03, 2009

Second-quarter sales prices fall nearly 20% in a year, while sales volumes drop like stones. The number of months on the market now doubles the decade’s average. By Amanda Fung The Manhattan residential real estate market showed little sign of recovery...
Crains - Thursday, July 02, 2009

New York Times - Thursday, July 02, 2009

By Oshrat Carmiel Manhattan apartment prices dropped for the first time since 2002 in the second quarter as the collapse of Lehman Brothers Holdings Inc. and Bear Stearns Cos. caught up to property owners in the nation’s most expensive urban market....
Bloomberg News - Thursday, July 02, 2009

By Dawn Wotapka Of DOW JONES NEWSWIRES New Yorkers perhaps are growing accustomed to the new real estate reality - after years of outrageous prices and bidding wars, the market is drifting back down to earth. The latest round of...
Wall Street Journal - Thursday, July 02, 2009

BY Phyllis Furman DAILY NEWS BUSINESS WRITER The economy is dealing a heavy blow to the once frothy Manhattan real estate market. The number of apartment sales completed in April, May and June were cut in half, while prices sank again,...
The New York Daily News - Thursday, July 02, 2009

by Joey The Big Four have unleashed their second quarter Manhattan real estate market reports on the world, and when combined they make for one big maelstrom of misery, followed by what appears to be a bit of calm waters. The...
Curbed - Thursday, July 02, 2009

Huge downturn for co-op and condo owners in pricey housing market. Number of sales ticks up as buyers with money take an opportunity. By Les Christie, CNNMoney.com staff writer The housing bust has finally clobbered super-pricey Manhattan home prices. Reports released Thursday by...
CNN Money - Thursday, July 02, 2009

Development titan Richard LeFrak, who knows something about time horizons as head of the eponymous firm his family founded in 1901, set the tone yesterday morning at the Schein Media real estate conference at New World Stages Theatre on East...
Real Estate BisNow - Thursday, June 25, 2009

Prime Areas Dip Below $1,000 a Square Foot By KATHERINE DYKSTRA IN 2004, the average price per square foot in select areas of Manhattan started inching over the $1,000 mark for the first time. The West Village, for example, broke through in...
New York Post - Thursday, April 09, 2009

By Oliver Haydock Jonathan Miller, author of a popular Manhattan housing report for Douglas Elliman, recalls that when he first reported a slowdown in the sales market, way back in 2005, disbelieving brokers called him, griping about the validity of his...
New York Observer - Tuesday, April 07, 2009

by Les Christie, CNNMoney.com staff writer The national housing slump is finally crashing at the shores of Manhattan island, which had its worst quarter in years, according to several industry reports released on Thursday. The big hit was seen in sales...
CNN Money - Thursday, April 02, 2009

By JOSH BARBANEL Hard times have come to the Manhattan real estate market, according to a series of quarterly sales reports to be issued on Thursday. Relatively few apartments are selling, and when they do, prices are down 20 percent or more...
New York Times - Thursday, April 02, 2009

By Oshrat Carmiel Manhattan co-op prices dropped the most since 1995 and transactions for all apartments plummeted 48 percent in the first quarter from a year earlier as the recession and Wall Street unemployment cut demand. The median price for co-operative...
Bloomberg News - Thursday, April 02, 2009

By: S. Jhoanna Robledo All those real-estate surveys that kept reporting ever-increasing prices despite stories of an ailing housing market? History. According to numbers released today by four brokerage firms and the website Streeteasy.com, Manhattan has officially contracted the same illness...
New York Magazine - Thursday, April 02, 2009

By Oliver HaydockAccording to several first-quarter Manhattan housing reports released today - including ones from the Corcoran Group and Property Shark (PDF); Prudential Douglas Elliman and Miller Samuel; Brown Harris Stevens (PDF) and Halstead Property (PDF); and StreetEasy - condo...
New York Observer - Thursday, April 02, 2009

There are some discrepancies in the numbers, but the first-quarter Manhattan market reports released by the major brokerages today all agree on one thing: Nobody is buying anything. According to the Prudential Douglas Elliman report, sales plummeted 48% from...
Curbed - Thursday, April 02, 2009

By By Amanda Fung This year is looking even grimmer than its predecessor for Manhattan’s residential real estate market. Sales plummeted by as much as 51% and inventory soared by 34% during the first quarter, according to a number of...
Crains - Thursday, April 02, 2009

By DAWN WOTAPKA NEW YORK -- Manhattan's real-estate market has come crashing back to earth. Sales of units in newly constructed buildings dropped 67% in the first quarter, and closings slid 52% compared with a year earlier. Inventory climbed 29% to 12,336...
Wall Street Journal - Thursday, April 02, 2009

By ELIZABETH A. HARRIS WHEN Whitney Pettyjohn and her 19-year-old sister, Chelsey, moved to Brooklyn last August, the best deal they could find in their price range was a two-bedroom in Bushwick with unreliable heat, nine blocks from the Morgan Avenue...
New York Times - Sunday, March 29, 2009

by Marilyn Alva Manhattan held on as other housing markets fell like dominoes. Its home prices rose much of last year. But now this priciest U.S. urban locale is slipping, as other spots buffeted by the housing downturn are starting to...
Investors.com - Thursday, March 26, 2009

When Figures Trail the Facts By JOSH BARBANEL ONE might be excused for thinking that all Manhattan condominium buyers are in a state of panic at the moment, thrashing around for any reason to back out of contracts already signed for...
New York Times - Sunday, March 15, 2009

BY Catey Hill The end may be near. And this is good news. This year may mark the end of the massive decline in home values in the U.S, according to a new study by Moody's Economy.com. The study, reported Reuters, made...
The New York Daily News - Thursday, February 05, 2009

Residential rents in Manhattan fell pretty much across the board last year, and incentives like a month's free rent are becoming increasingly common. The head of Halstead's rental division estimates that prices are down between 10 and 15 percent from...
Brownstoner - Monday, February 02, 2009

Photo Caption: MOTIVATED When Sara Nuttall and her family went hunting for a rental, she said, incentives "made a big difference." (Photo Credit: Tina Fineberg for The New York Times) By ELIZABETH A. HARRIS IN this painful economic climate of layoffs and...
New York Times - Friday, January 30, 2009

BY BILL CRESENZO Apartment prices were up, but sales were way down during the fourth quarter 2009, according to reports released by the major New York City brokerage houses last week. Brown Harris Stevens and Halstead said that the average price an...
Brokers Weekly - Wednesday, January 14, 2009

BY BILL CRESENZO Call 2009 the Year of the Lion, because brokers are going have to roar louder than ever. Buyers have been waiting for years for prices to come down, and they'll continue to wait into 2009, say the market experts....
Brokers Weekly - Wednesday, January 14, 2009

By: Tara Lynn Wagner Although property prices ended higher in 2008 than 2007, year-end real estate reports give a fuller picture of how troubled the economic waters really are. NY1’s Tara Lynn Wagner filed the following report. The new year means it’s...
NY1 - Thursday, January 08, 2009

By JOSH BARBANEL For those New Yorkers who wondered what the Manhattan real estate market might be like without the ever-rising bonuses of Wall Street’s elite, the answer is now emerging: an abrupt decline in transactions, tottering prices and buyers who...
New York Times - Tuesday, January 06, 2009

By Theresa Agovino The fall out from Wall Street’s implosion is just beginning to rain down on Manhattan’s residential real estate market. Reports on activity in the final quarter of 2008 show inventory soaring, transaction volume slowing, and prices of...
Crains - Tuesday, January 06, 2009

Manhattan home prices increase despite the financial market's turmoil, but it doesn't look like they can buck the national trend much longer. By Les Christie, CNNMoney.com staff writer NEW YORK (CNNMoney.com) -- Home prices in Manhattan held up remarkably well in the...
CNN Money - Tuesday, January 06, 2009

By Candace Taylor This fall's Wall Street meltdown barreled into the Manhattan residential real estate market, ending a decade-long period of skyrocketing home prices, fourth quarter market reports released today show. For the first time in 10 years -- with the...
The Real Deal - Tuesday, January 06, 2009

by Joey Given all the whispers, rumors, half-truths and concrete evidence supporting the theory that Manhattan real estate is in something of a tailspin, most casual observers will be shocked to see that the major brokerages' fourth-quarter market reports, out today,...
Curbed - Tuesday, January 06, 2009

By Tom Acitelli Three major Manhattan housing market reports for the fourth quarter of 2008 were released on Monday, the first ones that can at least somewhat gauge the impact of the financial crisis. (All involve deals closed in the...
New York Observer - Tuesday, January 06, 2009

By: S. Jhoanna Robledo Residential real estate industry insiders are letting loose with their fourth-quarter market reports today, and the news is, well, not great. But it’s not the spanking some may have expected. Some highlights: • The average sales price of...
New York Magazine - Tuesday, January 06, 2009

By Daniel Massey New residential construction in the city continued to plummet in November as developers grappled with tight credit markets and dwindling sales. Permits for new residential buildings fell 74% to 63 in November compared with a year earlier, while...
Crains - Friday, January 02, 2009

Shadow units could mean residential market in more dire shape By Candace Taylor As New York City reels from the crisis on Wall Street, the real estate industry has taken some comfort in the fact that New York's infamously tight market...
The Real Deal - Monday, December 01, 2008

By CHRISTINE HAUGHNEY The French stake out the terrace of Fabian’s Cafe, the Brits convene at the Spike Hill Bar & Grill to watch Manchester United soccer matches, and the Swedish parents meet at one another’s apartments for a coffee-and-buns break...
New York Times - Saturday, November 22, 2008

By Patrick Hedlund Downtown up in Q3 With the economic downturn yet to fully reveal the depth of its impacts on the city’s residential real estate market, the average price for apartments throughout various Downtown neighborhoods rose over the past year, according...
The Villager - Wednesday, November 19, 2008

By Paul Bubny NEW YORK CITY-The historic election of Barack Obama as president was still hours away, but a multi-disciplinary panel of experts on Tuesday spoke as though the outcome was already pretty much decided. Responding to a question by moderator...
Globe St.com - Wednesday, November 05, 2008

Lower inventory, mortgage rate should buffer massive slump, but new problems exist By Candace Taylor The turmoil on Wall Street bears an eerie resemblance to 1987's October stock market crash: a period of unprecedented prosperity and expansion suddenly halted by plummeting...
The Real Deal - Saturday, November 01, 2008

Will this election have an impact on the real estate market? By Candace Taylor The New York City real estate industry is generally assumed to focus more on the West Village than on the West Wing. Yet in recent weeks,...
The Real Deal - Saturday, November 01, 2008

By Sharon L. Lynch Manhattan apartment sales fell for the third consecutive quarter and inventory rose by a third even as prices continued to extend a five-year streak of gains. Third-quarter transactions fell 24 percent to 2,654 from a year earlier...
Bloomberg News - Friday, October 03, 2008

By CHRISTINE HAUGHNEY Even though the national housing market is suffering and jobs on Wall Street are being lost every day, Manhattan real estate prices are higher now than they were a year ago. The average price of a Manhattan apartment rose...
New York Times - Friday, October 03, 2008

Photo: Halstead's Diane Ramirez By Candace Taylor Manhattan sales prices are higher than last year, but plummeting sales volume and spiking inventory from the previous quarter could mean dark times ahead for the city's real estate market. For the third quarter in...
The Real Deal - Friday, October 03, 2008

BY LINDA BARR O'FLANAGAN Reports of the death of the Manhattan real estate market have been greatly exaggerated. That's the word from the very top of an industry that feeds on the pulse of a city that never sleeps. "We've been on a...
Brokers Weekly - Wednesday, September 24, 2008

Main Street Pauses By JOSH BARBANEL ON the co-op and condo-lined streets of Manhattan, where Main Street and Wall Street are one, real estate was on everyone’s mind, as always, last week, but the nature of the conversation had changed. Kirk Henckels,...
New York Times - Sunday, September 21, 2008

Prices keep rising, but the city is now full of soft spots. For all the gloomy talk surrounding New York City's real estate market, prices still seem to be heading in just one direction - up. According to numbers from the Corcoran...
New York Post - Thursday, September 18, 2008

by Elisabeth Butler Cordova As Wall Street’s financial crisis deepened, real estate insiders on Monday predicted that Manhattan’s residential market could be dealt a severe blow. Investment brokers and their million-dollar year-end bonuses helped sustain apartment prices in the borough over the...
Crains - Monday, September 15, 2008

By MAGGIE HAWRYLUK You could call him an economist, an innovator, a spokesperson or even a rock star, but Terra Holdings' Gregory Heym is just happy knowing that he's fulfilling his main responsibility — making brokers' jobs easier. "We love to give...
Brokers Weekly - Wednesday, August 27, 2008

Currency Rise Could Have an Impact on Real Estate, Tourism By CANDACE TAYLOR A rapidly rising dollar is threatening to boomerang on New York City's real estate and tourism industries, economists and real estate officials say. For sale signs hang on newly constructed...
New York Sun - Thursday, August 21, 2008

For months, economists and housing experts have been dissecting housing reports, searching for signs of a slow down in the torrid real estate market. Now it appears that the five-year fever has broken, with many cities and suburban areas experiencing...
Manhattan Living - Tuesday, August 05, 2008

Photo: David Goldman for the New York Times By CHRISTINE HAUGHNEY OWNERS of one-bedroom apartments in Manhattan may be surprised if they put their homes up for sale anytime soon. Price appreciation for one-bedrooms — long a bastion for singles and newly married...
New York Times - Sunday, August 03, 2008

Price cuts increase, signaling weakening residential housing market By Lauren Elkies July was hot, and buyers were not bothered – at least when it came to buying Manhattan real estate. Open house attendance was down, beyond the usual summer ebb, and...
The Real Deal - Friday, August 01, 2008

For the first time in nearly a decade, the number of offering plans for new apartments in New York City is slowing, according to data obtained by The New York Sun. While the decline serves as confirmation of the housing slowdown,...
New York Sun - Thursday, July 24, 2008

BY MAGGIE HAWRYLUKAfter last week's government bailout of Fannie Mae and Freddie Mac, industry experts are holding their breath for what this latest fallen piece in the subprime domino effect will bring. While no one knows for sure what the...
Brokers Weekly - Wednesday, July 23, 2008

By Sharon L. Lynch Manhattan apartment sales dropped the most for a second quarter since 1998 and unsold inventory approached an eight-year record, two signs prices may be poised to drop in the nation's most expensive urban housing market. Sales fell 22...
Honolulu Advertiser - Wednesday, July 02, 2008

Manhattan apartment sales dropped the most for a second quarter since 1998 and unsold inventory approached an eight-year record, two signs prices may be poised to drop in the nation's most expensive urban housing market. Sales fell 22 percent from...
Bloomberg News - Wednesday, July 02, 2008

Sales are down according to the latest reports, but thanks to strong demand for luxury apartments the average Manhattan apartment now costs $1.67 million. By Catherine Clifford Even the lofty Manhattan real estate market is beginning to soften, according to reports released...
CNN Money - Wednesday, July 02, 2008

By JOSH BARBANEL Despite slowing sales and continuing economic worries, market studies released yesterday showed that the Manhattan co-op and condominium market remained strong in the peak spring selling season, with prices up 25 percent or more compared with a year...
New York Times - Wednesday, July 02, 2008

By BRADEN KEIL As housing values in the rest of the country plummet, Manhattan real-estate continues to soar - thanks to a shortage of apartments only multimillionaires can afford. Prices for condos and co-ops have shot up as much as 36...
New York Post - Wednesday, July 02, 2008

July State O' the Market Report Summer doldrums be damned, it's friggin' market report day! We're talking Q2 this time around, and the results should surprise no one. Just like the first quarter of 2008, prices are up to record levels...
Curbed - Wednesday, July 02, 2008

New York City apartments, long immune to the national housing slump, could see their first price declines in a decade, quarterly reports scheduled for release today suggest. If the credit crunch does not improve and Wall Street layoffs continue, experts...
New York Sun - Wednesday, July 02, 2008

Brokers say buyers too worried to pull trigger By Lauren Elkies The pace of residential sales in Manhattan continues to slow, causing a backlog of inventory. The rest of the summer doesn't look any more promising. Sales activity is down by...
The Real Deal - Tuesday, July 01, 2008

By CANDACE TAYLOR While the New York City real estate market has managed to avoid price cuts, the nationwide market has dropped to pre-boom 2004 levels, a closely watched housing index shows. "We've erased the last four years of gains," a vice...
New York Sun - Wednesday, June 25, 2008

By Leslie P. Norton In the next few weeks, real-estate brokers will release a report on the median price paid for a Manhattan apartment during the second quarter. Those who've been waiting for a decline -- like the one most...
Barron’s - Monday, June 16, 2008

Terra Holdings Terra Holdings has announced that Chief Economist Gregory J. Heym will new serve as executive vice president and chief economist. Heym is responsible for the Research and Communications Department for Terra Holdings, including Halstead Property and Brown Harris Stevens....
Perspective New York - Sunday, June 15, 2008

Drop in residential transactions as buyers grow more cautious By Lauren Elkies With the traditionally sluggish summer season upon us, the advent of the credit crisis not too far behind and inventory piling up, real estate brokers are bracing themselves for...
The Real Deal - Sunday, June 01, 2008

By Marlene Naanes Elizabeth Rodriguez has entered the housing market with a healthy dose of trepidation. The high school guidance counselor just started looking for her first home in her Sunset Park neighborhood or in Staten Island, hoping to give her 9-year-old...
AM New York - Tuesday, May 20, 2008

Selling Isn’t Poetry THERE was one last full-floor condominium lingering on the market in a meticulously restored and expensive prewar Park Avenue building at East 75th Street. So Elliott P. Joseph, the project’s developer, jumped on what he thought was the...
New York Times - Sunday, May 11, 2008

ByDaniel Massey Douglaston Development Principal Jeffrey Levine wants to keep putting up residential housing, but he turns down a project a week and hasn't yet sought a building permit for a planned 53-story condominium tower on the Upper West Side. “We...
Crains - Sunday, April 27, 2008

The number of residential permits issued in the city dropped 46% to 558 from 1,038, according to figures from the U.S. Census Bureau. By: Daniel Massey The number of residential permits issued in the city in the first quarter dropped by 46%...
Crains - Thursday, April 24, 2008

By Patrick Hedlund Q1 breakdowns looking up As reliable as the warming weather and the Yankees’ early-season pitching woes, spring in New York City offers a bounty of first-quarter real estate reports on which to feast. April figures from Halstead Property, the...
The Villager - Wednesday, April 23, 2008

Greatly Exaggerated? By JOSH BARBANEL REPORTS of a decline of the Manhattan real estate market may have been premature. Since the release of first-quarter sales results on April Fool’s Day, brokers have been ruminating on the extent of a slowdown in the property...
New York Times - Sunday, April 13, 2008

By JASON SHEFTELL Modern luxury is space, size and uniqueness in this $25 million One York penthouse, which has seen more bidding action than apartments under $2 million in the same building. Tell Jay-Z that luxury is dead and he'll...
The New York Daily News - Thursday, April 10, 2008

By ADAM BONISLAWSKI THERE'S been no shortage of gloomy talk lately regarding the Manhattan real estate scene. The Bear Stearns collapse, the Wall Street layoffs, the ongoing credit crisis - even your most relentlessly upbeat broker would have to admit...
New York Post - Thursday, April 10, 2008

Photo: Frances M. Roberts Developers are taking Murray Hill upscale, but there’s a problem: It’s Murray Hill. When J.P. Reardon moved from Boston to New York a decade ago for work, Murray Hill was an easy choice. It was pretty but not...
New York Magazine - Thursday, April 03, 2008

By CHRISTINE HAUGHNEY While most of the nation plods through a housing slowdown, Manhattan is experiencing its highest prices in history. The average price of a Manhattan apartment in the first three months of this year was $1.7 million, up 33.5...
New York Times - Wednesday, April 02, 2008

BY PETER KIEFER New York City's residential real estate market is showing signs of cooling after months of resisting the national real estate plunge. One of the three quarterly reports scheduled for release today from the city's leading brokerages shows a...
New York Sun - Wednesday, April 02, 2008

Manhattan apartment sales plunged the most in 18 years last quarter as buyers faced the prospect of a recession and job cuts at Wall Street securities firms. First-quarter sales fell 34 percent from a year earlier and inventory rose 4.6...
Bloomberg News - Wednesday, April 02, 2008

Manhattan Loses Bulletproof Luster As Home Sales Fall By MICHAEL CORKERY Long insulated from the gale-force winds buffeting most U.S. housing markets, the New York City market is showing signs of softening just as Wall Street layoffs could put a further damper...
Wall Street Journal - Wednesday, April 02, 2008

The average sale price of a Manhattan apartment hit $1.7 million in the first quarter, up 33% from 1Q 2007, according to one report. Apartment prices in Manhattan continued their sizzling pace in the first quarter, but one analyst reported a...
Crains - Wednesday, April 02, 2008

By Ilaina Jonas Manhattan apartment prices soared in the first quarter, but sales fell and inventory rose under the weight of tighter mortgage terms and Wall Street job fears, according to several reports. The median sales price rose 13.2 percent to a...
Reuters - Wednesday, April 02, 2008

The entire industry has been holding its breath in anticipation of this moment, and here we go: the release of the major brokerages' Q1 market sales reports. Will the credit crunch and the mortgage crisis finally infiltrate Manhattan real estate?...
Curbed - Wednesday, April 02, 2008

By Diana Olick According to the latest quarterly report from Halstead Property, the first quarter of 2008 saw property values continue their outlandish surge on the isle of Manhattan. The report touts "new records" in median sale prices and average apartment...
CNBC - Wednesday, April 02, 2008

The Manhattan real estate market was more expensive than ever during the first quarter according to reports from real estate brokerages. There were "record" highs for Manhattan, in sharp contrast to what the rest of the nation's housing market is...
Gothamist - Wednesday, April 02, 2008

The price of an average apartment in New York City hit a new high in the first quarter of 2008. Still, the red-hot market looks like it's starting to cool. Manhattan apartment prices hit fresh record highs in the first quarter...
CNN Money - Wednesday, April 02, 2008

Brokers see spooked buyers pull out of deals, but low inventory may help buffer market Two days after the collapse of Bear Stearns, the country's fifth-largest investment bank, Brian Huang, the sales manager at City Connections Realty, e-mailed his brokers...
The Real Deal - Tuesday, April 01, 2008

By Lauren Elkies Financial news has been bleak as of late, with the credit crisis and the collapse of Bear Stearns rocking the real estate world. Yet while sellers of lower- and mid-priced homes have suffered, some real estate watchdogs...
The Real Deal - Tuesday, April 01, 2008

By Sharon L. Lynch New York City's residential real estate market is showing the first signs of fallout as U.S. banks and securities firms cut the most jobs in seven years. Manhattan apartment sales fell in January and February from a...
Bloomberg News - Sunday, March 30, 2008

Fed actions spur drop in 30-year fixed-rate mortgages, but ARM rates still climbing Borrowers looking for fixed-rate mortgages can now find the lowest rates in more than a month. But experts warn the rate decline may not last. Rates on fixed-rate mortgages...
CNN Money - Thursday, March 20, 2008

Terra Holdings Inc. - Gregory Heym, 38, was promoted to executive vice president. He previously was senior vice president. As chief economist, Mr. Heym will manage the ValuExchange system, a property database of transactions of all Terra companies. He will...
Crains - Sunday, March 16, 2008

Era of overpriced listings over, brokers say By Lauren Elkies It has been a while, but Manhattan home buyers seem to be getting the upper hand, with prices starting to soften and qualified buyers taking their time to shop around....
The Real Deal - Saturday, March 15, 2008

AVERAGE SALES PRICE OF MANHATTAN APARTMENT HITS NEW RECORD OF $1,430,514, INCREASING 34 PERCENT FROM A YEAR AGO Substantial Increase due to Increased Activity at High End of the Market Despite the continuing decline in the national housing market, the Manhattan...
Mann Report - Saturday, March 01, 2008

Real Estate Terra Holdings Inc.: Gregory J. Heym, 38, was promoted to executive vice president from senior vice president and continues as chief economist.
Crains - Saturday, March 01, 2008

English Premiership footballer Jonathan Woodgate has bemoaned the fact he cannot find a property in London – despite earning £60,000 (Dh433,000) a week. As property prices soar in ‘established’ old-world cities, homes in Dubai continue to offer some of the best...
Emirates Business 24/7 - Friday, February 29, 2008

By Josee Rose Manhattan's luxury real-estate market may feel an unusual chill from the Wall Street crowd this spring. Despite early worries that 2007 bonuses would fall dramatically below the record levels set in 2006, overall bonuses only came in...
Dow Jones - Tuesday, February 12, 2008

By JOSH BARBANEL AVERAGE apartment sale prices in Manhattan soared last month to the highest levels ever, showing the tenacity and power of the luxury market. With at least 15 closings at the expensive new condominiums at 15 Central Park West,...
New York Times - Sunday, February 10, 2008

If recession takes hold, impact on market may take time By Lauren Elkies Falling Wall Street bonuses and fears of a nationwide recession may affect demand for Manhattan homes, but local market watchdogs maintain, albeit cautiously, that Manhattan real estate...
The Real Deal - Friday, February 01, 2008

Sales have dropped dramatically, but some say it’s just seasonal By Lauren Elkies Despite early winter doldrums and concerns about smaller bonus payouts, brokers are hoping that things will look up in January. Michael Signet, director of sales at Bond...
The Real Deal - Tuesday, January 15, 2008

Halstead Property's Manhattan residential market report was strong in the fourth quarter: $1.4 million: average sales price of a Manhattan apartment, up 34% from a year ago $828,000: median sales price of a Manhattan apartment, a record, and a 14% increase from...
Barron’s - Monday, January 07, 2008

APT. PRICES SOAR EVEN WITH REST OF US NOT READY FOR SUBPRIME Don't let a slumping stock market shaken by a steep downturn in the national housing market fool you - Manhattan real estate is still red-hot. The average sales price...
New York Post - Thursday, January 03, 2008

Photo: Andrea Mohin/The New York Times; Tina Fineberg for The New York Times Sales at 15 Central Park West, top, and at the Plaza Hotel have driven up prices. By CHRISTINE HAUGHNEY As the housing market across the country continued to stagnate...
New York Times - Thursday, January 03, 2008

Some New Yorkers Still Shell Out Big Bucks for Multi-Million-Dollar Apartments By SCOTT MAYEROWITZ Across the country, home foreclosures are rising. It is taking longer to sell homes and when they do finally sell, they sell for less than they would...
ABC News - Thursday, January 03, 2008

Manhattan apartment prices rose 6.4 percent in the fourth quarter, boosted by sales at two new luxury developments, the Plaza Hotel and 15 Central Park West. ''A lot of the gain has to do with the unique circumstances of these...
Bloomberg News - Thursday, January 03, 2008

Photo: The U.S. housing market may be a seller's nightmare but Manhattan's was a dream in the fourth quarter as foreign buyers pushed up demand while supply stayed tight, sending the average sales price to a record high. By Ilaina...
Reuters - Thursday, January 03, 2008

Much has been made of the feud between Manhattan's two most money-sucking luxury developments, the Plaza and 15 Central Park West, but the dynamic duo have finally decided to unite for a common cause: lifting the Manhattan market to unseen...
Curbed - Thursday, January 03, 2008

By: Prashant Gopal Manhattan is unlike any place else and that goes for its real estate. Prices for condos and co-ops continued to climb in 2007, ending the year with a bang. Three reports released Jan. 3 show that Manhattan apartment...
Business Week - Thursday, January 03, 2008

Year-over-year median-price gains of 6% to 15% seen in Q4 Condo and co-op prices and sales rose in Manhattan during the fourth quarter compared to the same quarter last year, according to a series of real estate market reports released today. A...
Inman News - Thursday, January 03, 2008

New York--The U.S. housing slump raged on during the fourth quarter of 2007--but not in Manhattan, where reports from four major real estate brokerage firms released Thursday showed property sold for record prices. The average New York apartment price rose 17.6...
Multi-Housing News - Thursday, January 03, 2008

By Diana Olick CNBC Real Estate Reporter The new quarterly housing market numbers are out today, and Manhattan defies the rest of the country with soaring prices and shrinking days on the market. Is it just a supply issue? Partly. Is it a...
CNBC - Thursday, January 03, 2008

European shoppers are having a field day in New York, and they're not just buying sweaters. With the euro hovering around a dollar and a half, and the pound around $2, there's been a noticeable surge in real estate purchases....
NPR - Thursday, January 03, 2008

By: Walter Hamilton Like a lot of New Yorkers, Peter Poulakakos is holding his breath. His legendary Wall Street restaurant, Harry’s Cafe & Steak, relies heavily on the normally free-spending financial industry, and Wall Street’s mounting problems from the subprime mortgage...
Los Angeles Times - Sunday, December 30, 2007

BY PHYLLIS FURMAN In yet another dark sign for the national economy, new home sales toppled an unexpected 9% in November, although there were signs the city's housing market continues to hold its own. The November decline, revealed Friday in a Commerce...
The New York Daily News - Saturday, December 29, 2007

BY JULIE SATOW New York City's status as a rosy exception to the nation's slowing housing market may be starting to come to an end. The national housing market is sliding further into a decline, with home prices plummeting across the country...
New York Sun - Thursday, December 27, 2007

Will lower bonuses make the traditionally slow fourth quarter even slower? By Lauren Elkies It's a simple real estate equation: Sales go down, inventory piles up and prices start dropping. That's what's been going on in Manhattan's residential real estate market, and more...
The Real Deal - Saturday, December 01, 2007

Despite fear of a fall-off, waters remain calm For some players in the real estate game, the third quarter of 2007 was a nightmare. The summer headlines screamed of a near-apocalypse in the mortgage industry, with Wall Street firms like Merrill...
The Real Deal - Saturday, December 01, 2007

No Longer Immune,Sales and Prices Slip;Waiting for Bonus Time By BEN CASSELMAN Page W1 Even as the national housing market has been hit by slow sales and falling prices, Manhattan has continued to shine. But now its light may be dimming. Fewer apartments are...
Wall Street Journal - Friday, November 30, 2007

With the dollar at its lowest level against sterling for a generation, even the sky-high prices of New York real estate are tempting British investors Londoner Maggie Dimmock, 61, used to be content with quick trips across the pond for an...
Times Online - Sunday, November 11, 2007

BY JULIE SATOW - Staff Reporter of the Sun Despite concerns among real estate brokers that the housing market is showing signs of softening, apartment prices across New York City increased by large margins in the third quarter. A market report published...
New York Sun - Thursday, November 08, 2007

By Justin Rocket Silverman, amNewYork Staff Writer News of a bursting bubble and increasing foreclosure rates is daily fare in reports of the American real estate market - unless it's New York City's market that's being discussed. Then the picture seems...
AM New York - Thursday, November 08, 2007

In contrast to recent months, brokers report quieter open houses, fewer bidding wars By Malika Worrall Filled-up open houses left buyers at a disadvantage during a strong selling season that lasted the bulk of the year through August. But, according to brokers,...
The Real Deal - Thursday, November 01, 2007

The annual sky-high Wall Street bonuses are falling — by an estimated 10 percent this year. So announced state Comptroller Thomas DiNapoli yesterday (just in time to coincide with our Money Issue), no doubt setting off much manicured-nail-biting. What does...
New York Magazine - Tuesday, October 30, 2007

From left Chester Higgins Jr./The New York Times (2); Uli Seit for The New York Times From left: prices were cut at Le Conselyea in Williamsburg; the developer is paying closing costs at Thornton Park; buyers negotiated for a brownstone in...
New York Times - Sunday, October 14, 2007

By Ilaina Jonas NEW YORK, - Manhattan apartment prices climbed to a record level in the third quarter, defying the trend of the overall U.S. housing market, according to reports released on Tuesday. The average sales price of a Manhattan apartment in...
Reuters - Tuesday, October 02, 2007

BY BRADLEY HOPE The average price of an apartment in Manhattan climbed to more than $1.3 million in the third quarter, according to the city's top brokerage firms, which released their quarterly reports yesterday. The latest numbers are misleading, however, because...
New York Sun - Tuesday, October 02, 2007

Even though the rest of the country may feel the squeeze of the housing slowdown, it hasn't fazed the Big Apple. By Keisha Lamothe NEW YORK -- Despite a housing slump across the rest of the nation, home sellers in New York...
CNN Money - Tuesday, October 02, 2007

By CHRISTINE HAUGHNEY Declining prices, rising inventory and increasing foreclosure rates may have hobbled many of the nation’s housing markets, but they have not yet reached Manhattan and brownstone Brooklyn. The people who closed on co-ops, condominiums and town houses there paid...
New York Times - Tuesday, October 02, 2007

Manhattan apartment prices climbed to a record level in the third quarter, defying the trend of the overall U.S. housing market, according to reports released Tuesday. The average sales price of a Manhattan apartment in the third quarter rose 6.3% from...
CNBC - Tuesday, October 02, 2007

Manhattan Stays Bullish The Big Four released their quarterly sales reports yesterday, and while some of the numbers differed slightly, BrAlsteadCorcoMan all came to the conclusion that none of those pesky mortgage or credit problems have reached Manhattan or brownstone Brooklyn....
Curbed - Tuesday, October 02, 2007

Real estate companies release quarterly reports A series of real estate reports released today remind that Manhattan is an island in more ways than one, with a surge in co-op and condo sales and a rise in prices despite the national...
Inman News - Tuesday, October 02, 2007

Sure, there are worries about the credit market and subprime mortgage situation, but real estate brokerages around the city are basking in good news: Third-quarter Manhattan apartment closings were at the highest average price ever and home inventory tightened as...
Gothamist - Tuesday, October 02, 2007

Economists may disagree, but agents feel that top-end sales will weather the storm By: Paul Shearer WILL the ripples of the US sub-prime mortgage scandal spread worldwide, making even the rich reluctant to invest in real estate? This week the...
Times Online - Thursday, September 27, 2007

Hiroko Masuike for The New York Times Photo: Room for the Family Louise Phillips Forbes, her husband, Christopher, and their sons in their new apartment. By CHRISTINE HAUGHNEY WHEN Jon and Susan Ashley move back to the United States from London next...
New York Times - Sunday, September 09, 2007

Photo: Damon Winter/The New York Times By TERI KARUSH ROGERS IT wasn’t supposed to happen this way. Just a year ago, as real estate brokers fretted through an ominously quiet third quarter, many Manhattanites waited for the housing market to reverse its madcap...
New York Times - Sunday, August 19, 2007

By BRADEN KEIL Plunging stocks on Wall Street could mean panic selling on Park Avenue. While most of the nation is already in the midst of a residential real estate slump, industry watchers say New York City - which posted...
New York Post - Friday, August 17, 2007

By: Magdalene Perez - Special to amNewYork Manhattan real estate prices are soaring even as the national housing market flops, with condos averaging a record $1.5 million, according to a Halstead Property report. Prices were buoyed by international buyers and Wall Street...
AM New York - Wednesday, July 04, 2007

Manhattan co-operative apartment prices fell in the second quarter, the first decline in four years, as buyers favored condominiums that are free of resale and sublet restrictions. The median price of a co-op declined 3.7 percent to $695,000 in the...
Bloomberg News - Tuesday, July 03, 2007

By Ilaina Jonas NEW YORK - The Manhattan apartment market shrugged off the slumping U.S. residential market, as prices and sales rose in the second quarter and the number of apartments available for sale fell, according to reports released on Tuesday. The...
Reuters - Tuesday, July 03, 2007

By CHRISTINE HAUGHNEY While housing prices are falling in many parts of the country, the cost of a Manhattan apartment is continuing to rise over all. But a stark divide is emerging between the prices of co-ops and condominiums. More buyers...
New York Times - Tuesday, July 03, 2007

"Hats Off To My Ol' Homestead!" I hate to say this, because I grew up in Manhattan, but are the residents of this respectable urban enclave on crack?? I’m busy reporting these nasty numbers of double digit price dips in the...
CNBC - Tuesday, July 03, 2007

Jump in Manhattan sales volume beats increase for condos and co-ops Jed Garfield expected 2007 to be a bad year for townhouse sales in Manhattan. Garfield, managing partner at townhouse specialist brokerage Leslie J. Garfield & Co., had plenty of reasons to...
The Real Deal - Sunday, July 01, 2007

Time Warner Center Big Deal By: JOSH BARBANEL WHEN it comes to transactions in the New York City real estate market, April is the sweetest month, at least for the sellers of co-ops and condominiums and those hard-working brokers who count on...
New York Times - Sunday, May 13, 2007

When Parking the Car in a Garage Is Just Uncivilized By Sharon L. Crenson Parking your $115,000 Maserati in Manhattan will soon be a snap. A luxury tower planned for 11th Avenue features an elevator that lifts cars to the apartment owner's...
Bloomberg News - Saturday, May 05, 2007

Development, Demand and Sales Remain Strong By: Teresa O'Dea Hein, Managing Editor The term "high rise" takes on added meaning in the Big Apple, a city that is synonymous with "the high life." Another round of record year-end bonuses on Wall Street...
Multi-Housing News - Tuesday, May 01, 2007

City Living By Jonathan Scheff Tribeca's transformation from the butter and eggs district to sought-after downtown destination has been going on for decades, but a recent boom in development has some worried that what drew them to the neighborhood are at risk. The...
AM New York - Thursday, April 26, 2007

By Sharon L. Crenson (Bloomberg) -- Parking your $115,000 Maserati in Manhattan will soon be a snap. A luxury tower planned for 11th Avenue features an elevator that lifts cars to the apartment owner's floor, where they can be parked near...
Bloomberg News - Wednesday, April 25, 2007

It takes more than Sub-Zero fridges and granite countertops to sell real estate in today's cautious environment by Maya Roney When the selling gets tough, the tough get creative. Faced with a softening market and higher interest rates, today many real...
Business Week - Wednesday, April 18, 2007

East New York Led Sales of One- to Four-Family Homes By Dennis Holt BROOKLYN — Although the number seems unbelievable, about $6.4 billion changed hands in 2006 in the buying and selling of town houses in Brooklyn. This impressive number, the largest recorded...
The Brooklyn Daily Eagle - Wednesday, April 18, 2007

By Ilaina Jonas NEW YORK (Reuters) - Manhattan apartment prices rose 6.6 percent per square foot on average in the first quarter from a year ago, bucking a broad U.S. decline as Wall Street bonuses boosted buyer income, according to a...
Reuters - Tuesday, April 03, 2007

By BRADEN KEIL A bustling local economy, stabilized mortgage rates, and strong demand for New York real estate have brought the city's residential sales market out of its yearlong doldrums. The latest quarterly reports, compiled by the city's top real-estate...
New York Post - Tuesday, April 03, 2007

By CHRISTINE HAUGHNEY While the national housing market is struggling with rising inventory and weakening home values, the prices and number of apartments selling in Manhattan rose in the first three months of this year, according to data released yesterday by...
New York Times - Tuesday, April 03, 2007

By Sharon L. Crenson Manhattan's median apartment price rose 1.2 percent in the first quarter from a year earlier, the smallest quarterly gain in five years, appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said. The median price...
Bloomberg News - Tuesday, April 03, 2007

BY ELIOT BROWN - Special to the Sun Manhattan apartment prices are once again reaching record levels, relegating the brief housing market slowdown of mid-2006 to a mere blip on the area's price ascent. Fueled in part by record Wall Street bonuses,...
New York Sun - Tuesday, April 03, 2007

The price of an average apartment in Manhattan has hit more than $1.2 million. By Les Christie, CNNMoney.com staff writer The price of a slice of the Big Apple was on the rise in the first quarter, reversing a slight decline in...
CNN Money - Tuesday, April 03, 2007

By Diana Olick CNBC.com Housing starts in February jumped 9% from a month ago but were still down 28.5% from a year ago, the Commerce Department reported. The February increase was the biggest since January of last year and followed a...
CNBC - Tuesday, March 20, 2007

By SARA KUGLER Associated Press Writer Eye-popping bonuses on Wall Street and a sharp increase in multimillion-dollar building sales are stimulating the city's finances beyond expectations, Mayor Michael Bloomberg said Thursday. Bloomberg's presentation for next year's $57.1 billion budget plan included a...
Associated Press - Friday, January 26, 2007

Let's go right for the negative: In the fourth quarter of 2006, for the first time in more than a year, the average price per square foot for a Manhattan apartment fell below $1,000, according to a new report. The...
New York Observer - Wednesday, January 03, 2007

By ADAM GOLDMANAssociated Press Writer January 3, 2007 NEW YORK -- While the national home market languished, already expensive Manhattan became pricer still in the final quarter of last year, compared to the year before, according to two new real estate reports. And...
Associated Press - Wednesday, January 03, 2007

By JOSH BARBANEL Sale prices for Manhattan apartments fell in the last quarter of 2006, while the pace of sales was reported to be strong and the backlog of unsold apartments fell, according to several market studies released yesterday by large...
New York Times - Wednesday, January 03, 2007

By Sharon L. Crenson and Kathleen M. Howley Manhattan apartment prices rose 3.2 percent in the fourth quarter from a year earlier, the smallest annual gain in a decade, as the country's most expensive urban real estate market sidestepped declines in...
Bloomberg News - Wednesday, January 03, 2007

BY DAVID LOMBINO - Staff Reporter of the Sun Predictions of a significant slump in the Manhattan apartment market in 2006 appear to have been wrong, according to separate reports to be released today by three of the city's largest real...
New York Sun - Wednesday, January 03, 2007

By Michael Clancy Sales prices of Manhattan co-op and condominium sales rose modestly in the closing months of 2006, a sign that the city's real estate market is experiencing a soft landing after years of frenzy, according to several real estate...
AM New York - Wednesday, January 03, 2007

Big Real Estate's fourth quarter sales reports are out, and while the Ellimans and the Corcorans and the Halsteads disagree on exact percentages and the like, they all pretty much agree that prices kinda sorta dipped a little in some...
Curbed - Wednesday, January 03, 2007

BY CARRIE MASON-DRAFFEN Newsday Staff Writer Manhattan apartments got pricier in the past year, but the steepness of the rise is debatable, based on reports issued yesterday by three real estate firms. The median price of a Manhattan apartment rose 5.1 percent to...
Newsday Real Estate - Wednesday, January 03, 2007

Developers shift to smaller units at higher prices per square foot By Vanessa Londono Tom Iovane, left, and Jon Goldberg, right, co-principals of Gramercy Property Group, say they are doing more small, efficient layouts. Developers in Manhattan's slower residential market are downsizing...
The Real Deal - Friday, December 15, 2006

By CHRISTINE HAUGHNEY David Walentas — a Brooklyn developer solidly entrenched in the testosterone-dominated real estate world — is having a hard time making sense of the streams of women passing through his sales office at 110 Livingston Street in downtown...
New York Times - Sunday, December 10, 2006

As single-family home sales and home building stocks tumble and signs of a popping housing bubble pop up everywhere, one corner of the market seems as unperturbed as a socialite at tea-time: it's the market for homes that sell for...
Slatin Report - Wednesday, November 15, 2006

By Peter Slatin Luxury apartments aren't the only homes to weather the housing downturn. The market for single-family houses selling for $5 million and up looks as unperturbed as a socialite at tea time. Brokers in several of the country's...
Barron’s - Monday, November 13, 2006

By Sharon L. Crenson U.S. Treasury Secretary Henry Paulson, the former chief executive officer of Goldman Sachs Group Inc., sold his 50th floor condominium near Manhattan's Lincoln Center for almost $8 million, according to public records. Paulson paid a total of...
Bloomberg News - Friday, October 20, 2006

Source: Halstead Property Market stayed tough for brokers from summer into fall By Tom Acitelli Unsold Manhattan apartment numbers started dropping this past summer as sellers who once hoped to cash in on the sales boom pulled their properties off the market. Average...
The Real Deal - Sunday, October 15, 2006

Real estate economist juggles the numbers For those of us who took statistics to get rid of our math requirement in college, the idea of comprehending today’s real estate market seems about as likely as Donald Trump changing his hairstyle. That’s...
Metro - Wednesday, October 11, 2006

Reports show prices both up and down, but inventory has grown, and buyers now have more bargaining power BY RANDI F. MARSHALL Talk about uncertainty. Depending on whose analysis you listen to, Manhattan's average residential real estate prices could be as strong...
Newsday Real Estate - Wednesday, October 04, 2006

BY DAVID LOMBINO - Staff Reporter of the Sun A year after the city's red-hot real estate market first cooled off, Manhattan apartment prices are falling, according to separate reports to be released today by three of the city's largest real...
New York Sun - Wednesday, October 04, 2006

MANHATTAN APT. PRICES PLUNGING By BRADEN KEIL October 4, 2006 -- The top-heavy Manhattan residential real-estate market is teetering toward a long downward slide, new sales data show. Third-quarter market reports released today by the city's top four real-estate companies show that...
New York Post - Wednesday, October 04, 2006

By JANET WHITMAN and BRADEN KEIL September 26, 2006 -- As home prices across the nation dropped more than they have in a decade, the often-sizzling New York real estate market is bracing for a chill. The median price for...
New York Post - Tuesday, September 26, 2006

By Janet Morrissey NEW YORK (Dow Jones)--Manhattan, long considered immune to volatility that crumbles other residential real estate markets, is showing symptoms of a chill. The cooling off means properties are on the market for longer periods. Worried owners are offering...
Dow Jones - Friday, September 15, 2006

BY Laura Mann REAL ESTATE Gregory J. Heym has been promoted to senior vice president of research and communications for Terra Holdings, a privately owned real estate company in New York City. The Wantagh resident also serves as chief economist for the...
Newsday Real Estate - Monday, July 24, 2006

By WILLIAM NEUMAN They’ll Never Tell IF Gov. George E. Pataki signs a bill that would make co-op apartment sales prices public for the first time, the boards of many co-op buildings will probably take steps to protect the identity of buyers...
New York Times - Sunday, July 16, 2006

BY RANDI F. MARSHALL Newsday Staff Writer The average price of a Manhattan apartment fell in the second quarter of 2006 compared with the same period last year, hovering around $1.2million, three large real estate agencies reported yesterday. Occurring at the height of...
Newsday Real Estate - Thursday, July 06, 2006

By JOSH BARBANEL Despite some signs of a weakening market, Manhattan's lofty real estate prices were little changed during the last quarter, according to a series of market reports released yesterday. The reports showed that the number of apartments on the...
New York Times - Thursday, July 06, 2006

Terra Holdings announced the promotion of Gregory J. Heym to senior vice president of research and communications. Heym also serves as the chief economist for Terra Holdings, which includes Halstead Property, Brown Harris Stevens and Vanderbilt Appraisal. Heym was most...
Real Estate Weekly - Wednesday, July 05, 2006

RISMEDIA, June 29, 2006—Terra Holdings, a privately owned real estate operating company in New York City, announced the promotion of Gregory J. Heym to Senior Vice President of Research and Communications. Heym also serves as the Chief Economist for Terra...
RIS Media - Thursday, June 29, 2006

By STEPHANIE ROSENBLOOM THE smoke may have cleared from the last of the Memorial Day barbecues, but two months into the second quarter, many New Yorkers are still hazy about the state of the local real estate market. Real estate professionals...
New York Times - Sunday, June 04, 2006

Manhattan apartment listings spike for condos and townhouses; co-ops less hard hit By Vanessa Londono The numbers don't lie. Inventory in Manhattan is up. Figures recorded by appraisal firm Miller Samuel show 7,348 housing units on the market for April, down only slightly...
The Real Deal - Thursday, June 01, 2006

By WILLIAM NEUMAN A SALE on Convent Avenue in Hamilton Heights appears to have smashed the record price for a town house above 110th Street, although the new owner says the transaction may not be all that it appears. A deed...
New York Times - Sunday, May 21, 2006

Top 2% of Market Still Selling, As Overall Volume Falls; Interest Rates Not a Factor By TROY MCMULLEN May 19, 2006; Page W10 Despite growing indications of a cooling housing market, one niche continues to sell briskly -- multimillion-dollar homes. Over the past few...
Wall Street Journal - Friday, May 19, 2006

BUBBLE? WHAT BUBBLE? PRICES IN THESE HOT MANHATTAN AREAS SHOW NO SIGNS OF SLOWING DOWN By ADAM BONISLAWSKI April 20, 2006 -- THE numbers are in, and the New York City housing scene seems to be chugging along just fine, thank you...
New York Post - Thursday, April 20, 2006

Mortgages Rise, But So Do Prices April 20, 2006 -- CONVENTIONAL wisdom says that when interest rates rise, housing prices go down. So why then, with fixed interest rates currently at a four-year high and creeping higher, are New York City...
New York Post - Thursday, April 20, 2006

MANHATTAN — The price of an average Manhattan apartment stands at $1,326,879, up 4 percent from a year ago and the highest price since June 2005, according to a new survey by Halstead Property. “Prices haven’t come down,” said Gregory Heym,...
Metro - Thursday, April 13, 2006

by Julie Satow The price of Manhattan apartments is at nearly the same level as June 2005, suggesting the residential market may not be in a bubble, according to a report released Wednesday. At the end of March, the average price for...
Crains - Wednesday, April 12, 2006

By JOSH BARBANEL Shaking off months of fretting over rising interest rates and bursting real estate bubbles, affluent buyers stepped up their purchases of large Manhattan apartments in the first three months of the year, pushing average sale prices above those...
New York Times - Tuesday, April 04, 2006

First-quarter reports show average selling prices in Manhattan between $1.26M and $1.31M prodded by Wall Street bonuses and interest rates BY KIRA PEIKOFF Newsday Staff Writer Wall Street bonuses and interest rates that remained relatively low have helped buoy Manhattan apartment prices despite...
Newsday Real Estate - Tuesday, April 04, 2006

Manhattan apartment prices rose at the slowest pace in three years during the first quarter, more evidence that an increase in mortgage rates has cooled off the most expensive urban real estate market in the U.S. The average price for condominiums...
Bloomberg News - Tuesday, April 04, 2006

author: David Lombino The boom in luxury housing may be reaching its crest and market saturation could drive lenders to cut back on the funding of new projects, first-quarter real estate statistics to be released today by some of the...
New York Sun - Tuesday, April 04, 2006

By Danielle Reed While many areas of the country are seeing home price increases slow, New York's real estate market has rebounded - thanks in part to Wall Street. With a record $21.5 billion in Wall Street bonus money handed...
Dow Jones - Tuesday, April 04, 2006

Author: Philana Patterson This Brooklyn Heights townhouse was the priciest sale in the borough last year, fetching $8.5 million. The Brooklyn townhouse market is likely to stay flat or see single-digit percentage increases this year after a couple of years of dramatic...
The Real Deal - Saturday, April 01, 2006

by Catherine Tymkiw Townhouse sales in Brooklyn surged during the second half of 2005 as a strong economy and low interest rates attracted buyers, according to a report released today by Halstead Properties. Yet Halstead Chief Economist Gregory Heym said...
Crains - Thursday, March 16, 2006

Lenders ask questions as signs of softening show in areas of borough late to the real estate boomBy Philana PattersonSome townhouses in Bed-Stuy have been seeing price reductions. This three-family home at 980 DeKalb Avenue is listed by Massey Knakal...
The Real Deal - Wednesday, March 01, 2006

Lenders ask questions as signs of softening show in areas of borough late to the real estate boomBy Philana PattersonSome townhouses in Bed-Stuy have been seeing price reductions. This three-family home at 980 DeKalb Avenue is listed by Massey Knakal for $650,000. Some...
The Real Deal - Wednesday, March 01, 2006

Author: William Neuman Date: February 12, 2006 HOLD onto your hats. In a tally of 563 Manhattan apartment closings in January, Halstead Property reports that the average sales price reached its second-highest level since the firm began tracking monthly sales figures. The...
New York Times - Sunday, February 12, 2006

BY DAVID LOMBINO - Staff Reporter of the SunNew Yorkers pay a premium to live, work, and play in what many consider to be the greatest city on earth. With real estate prices rising, albeit at a slower clip, inquisitive...
New York Sun - Thursday, January 19, 2006

By JOSH BARBANELIn an uncertain real estate market, the number of sales of Manhattan co-ops and condominiums fell sharply in the last quarter, though prices were mostly flat, according to market data released yesterday.Sale prices remained above the levels of...
New York Times - Wednesday, January 04, 2006

BY TAMI LUHBYSTAFF WRITERRising energy prices, higher mortgage rates and the persistent talk of the housing bubble's end dampened Manhattan apartment buyers' appetite last quarter. Apartment prices in the borough barely increased in another sign that the red-hot housing market...
Newsday Real Estate - Wednesday, January 04, 2006

BY DAVID LOMBINO - Staff Reporter of the SunYear-end real estate statistics made available yesterday by three city companies suggest 2005 was a monster year that ended with a whimper - a deceleration of growth over the last two quarters....
New York Sun - Wednesday, January 04, 2006

BY LORE CROGHANMANHATTAN APARTMENT PRICES notched up in November, but the galloping gains seen earlier this year are gone.The average apartment sale clocked in at $1.10 million, compared with $1.09 million in October, according to real estate brokerage Halstead.Prices have...
The New York Daily News - Friday, December 09, 2005

By BRADEN KEIL Has the Manhattan residential real-estate bubble finally burst? Apartment prices continued a downward trajectory in October on the heels of a disappointing third-quarter report, according to the latest monthly figures by Halstead Property. Median and average apartment prices fell 4.2 percent and...
New York Post - Thursday, November 10, 2005

Brownstone Areas Have Highest Prices; Bed-Stuy Leads in Volume BROOKLYN — Before the sun came up on July 1, 2005, 4,358 houses had been sold throughout Brooklyn for the rather awesome total of more than $2.2 billion, according to data compiled...
The Brooklyn Daily Eagle - Saturday, November 05, 2005

BY DAVID LOMBINO - Staff Reporter of the Sun A study of Brooklyn townhouse sales identifies Bedford-Stuyvesant as an emerging staging ground for gentrification. In the first half of 2005, the neighborhood experienced a 48% increase in the volume of sales over...
New York Sun - Thursday, November 03, 2005

Average price of a condo soars to $1.2 million as property experts downplay bubble fearsBY JAMES FANELLI amNewYork staff writerManhattan apartment prices continue to balloon, bucking warnings of a pending bubble burst, a report released yesterday shows. The Real Estate...
AM New York - Thursday, November 03, 2005

By LISA KEYS If you were a millionaire, you'd be rich, right? In "If I Had a Million Dollars," the now-classic song from the Barenaked Ladies, we're told that with a million dollars, one could buy fur coats, limousines,...
New York Post - Saturday, October 29, 2005

The bubble has popped! Long live the bubble! Much was made in recent weeks of brokerage and appraisal reports that the average price of a Manhattan apartment had tumbled in the third quarter, suggesting that the real estate market had reached...
New York Times - Sunday, October 23, 2005

By Nicholas Yulico TheStreet.com Staff ReporterReports on the Manhattan market came out from major real estate brokerage and appraisal houses this week, and the new data suggest a possible cooling in the borough's apartment sales market, as average sales prices dropped in recent months. ...
New York Magazine - Tuesday, October 04, 2005

By BRADEN KEIL The bubble is in trouble. Manhattan residential real-estate sales numbers for the last quarter are in — and the picture ain't pretty, especially at the top end of the market. Four separate reports released by top residential brokerage firms yesterday...
New York Post - Tuesday, October 04, 2005

MANHATTAN A ROBUST MARKET, WITH SALE PRICES AND RENTS INCREASING From rental apartments to luxury co-ops, Manhattan represents a robust housing market, although it is not a frenetic as it once was.“It’s continued to be a strong market, but the frenzy of...
Crains - Monday, October 03, 2005

Experts assert that there is a lot of strength in the Manhattan luxury market David Watkins in New York How do you distinguish luxury from the norm in a market where the average flat sells for more than US $1 million?...
South China Morning Post - Wednesday, September 28, 2005

By DAVID B. CARUSOAssociated Press WriterSeptember 27, 2005, 1:07 PM EDTNEW YORK -- Everything about Frank Fazio's new two-bedroom apartment on Manhattan's Upper West Side is decidedly average, including its price: a hair under $1 million. With five rooms and about 1,050 square feet...
Newsday Real Estate - Tuesday, September 27, 2005

Tight Supply of Apartments Keeps Prices High as Number of Million Dollar Homes Skyrocket Sep 27, 2005 3:36 pm US/Eastern NEW YORK (CBS/AP) Is the housing bubble about to burst? The government is reporting a sharp decline in new home sales in August to...
Bloomberg News - Tuesday, September 27, 2005

As the summer ends amid record housing prices, brokers expect a market Correction, not a bubble By Tom Acitelli Leonard Steinberg and Hervé Senequier ask in their August newsletter...
The Real Deal - Thursday, September 01, 2005