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Housing Market Report: A Very Special Slump

On Inauguration Day, Curbed gazes out at the NYC housing market. Yes, we shall pay any price, bear any burden, meet any hardship, to live in this fucking city. But how much is it gonna cost? The Post, bless their hearts, breaks the news of a city real estate slump. The crash is upon us! Um, not exactly: "Manhattan housing prices increased only 3.4 percent in the final quarter of last year ? indicating that the market is waning a little, at least for pads going for under $1 million."

Separately, CNN Money says "cracks are starting to show" in the national housing market (uh, okay), while the Post says housing starts continue to surge (damn them!). The only thing we can really makes sense of is a perky little graphic discovered by our friends at Brownstoner last week. Reproduced above, we feel it shrieks, er, speaks for itself. (Although, to calm your fast-beating heart, note that this is starter home prices on the Upper East Side. And really, who starts there?)
· City Real Estate 'Slump' [NYPost]
· Why the Housing Bubble Hasn't Burst [CNN Money]
· Housing Hits a Home Run [NYPost]
· Starter Home Index [WSJ via Brownstoner]