Mexican Standoff in Manhattan
The number of apartment sales in Manhattan declines. The prices are going up. It looks like buyers are holding back for their price. At the same time sellers are holding back for their price. Somewhere in between, a few hearty individuals take the plunge. After all, there's always someone who needs to live somewhere. And rentals don't come cheap these days.
So Manhattan keeps its unique status in the volatile world of U.S. real estate. While some neighborhoods in Denver, CO experience foreclosures at a 1 in 8 rate, Manhattan stands strong, like the bedrock it sits on. It will be interesting to see how this unfolds in the months and years to come.
So Manhattan keeps its unique status in the volatile world of U.S. real estate. While some neighborhoods in Denver, CO experience foreclosures at a 1 in 8 rate, Manhattan stands strong, like the bedrock it sits on. It will be interesting to see how this unfolds in the months and years to come.
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