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Comment of the Day

"Reports show inventory in real time while prices of apts who just went into contract will be reflected in Q3 or even Q4 reports. Most likely prices will then go up significantly, at least based on all the stories we've been hearing such as developers even getting the asking price. What will be more telling is the Euro crisis: so far it has been good news as NY real estate is seen as a safe heaven versus the risky Euro zone (and UK being in recession again is no difference). However, if the Euro crisis deepens further, that could become bad news for NY real estate...but in the mean time the reports to come will most likely bring some good news...at least for home owners."?carlitony [Manhattan Real Estate Prices Stay Stable While Inventory Falls]