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And Now, the Bad News

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While most brokers are probably looking at the bright side of today's Manhattan market reports, (newly independent!) broker-blogger Noah Rosenblatt is all like, chill out, brahs. The market reports are so yesterday, so Rosenblatt takes a look at real-time data and comes to a conclusion: "This market has definitely slowed!" (Which is written in bold.) Two big points: "1) Sales pace was unsustainably strong for Feb-April, during what is normally our active months 2) The dropoff in sales pace began in late April and continues today." Please remove your party hats. [UrbanDigs; previously]