Since the Case-Shiller Index, which only tracks single-family homes and includes areas outside the city, isn't a perfect measurement for the Manhattan market, the folks at StreetEasy are launching a new monthly market index today. According to that index, the market actually peaked in March 2008, rather than in mid-2006, and it's already back on the upswing. In hindsight, brokers, wasn't March '08 just fantastic? [WSJ]
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