It hasn't been a good month for our old friend, the impenetrable Manhattan real estate market. We don't know if developers and brokers have misplaced this month's round of bribes, but reporters and analysts are lining up to take their shots. Fortune predicted a 14% drop, the Wall Street Journal sounded the alarm and, just yesterday, the Times dropped the stalemate bomb. Now, the homeless guy who does performance art under the FDR defines a "stalemate" as "a situation in which further action or progress by opposing or competing parties seems impossible," and that sounds serious! But is it true? We'd love to hear from buyers and sellers who are out there doing their thing in today's confusing market. Are you sticking to your guns and waiting to get what you feel you deserve, or is there a happy medium somewhere out there? And, more importantly: Has the credit crunch finally come to doom the market?!
· It Happened One Weekend: Market Stalemate? [Curbed]
· WSJ: Manhattan Market's Light 'May Be Dimming' [Curbed]
· Fortune: NYC Market Will Have Double-Digit Fall [Curbed]