While the wacky folks at Bapple.com continue to lure Europeans with their Euro-driven signage (latest deal above, as noticed last week by a tipster on Prince Street), the ol' greenback has been staging a little rally of its own. While that might be good for your next trip to Milan, it's not the best news in the world for the NYC real estate market. Urban Digs' Noah Rosenblatt spells it out: "If a weakening dollar made US real estate more attractive to BUY, a strengthening dollar will make US real estate less attractive to new foreigners seeking to take advantage of currency trends alone." As for us, after a recently misplayed bet on the Georgian lari, we're staying out of the currency game for awhile.
· Manhattan Real Estate and the Dollar Rally [UrbanDigs]
· Dollar Rally Picks Up Steam [CNN Money]