Manhattan Real Estate Expected to Get Push From “Bonus Season”
If you are looking to buy a luxury condo in Manhattan in the next few months, you may want to get started now before Wall Street cuts their bonus checks. The influx of significant bonus dollars (expected to be 20–25 percent higher than last years record payouts) has real estate agents across Manhattan salivating to sell, sell, sell.
In the market for a shiny new Manhattan apartment? You might not want to wait until spring. An analysis by The New York Observer found that the median sale price for Manhattan co-ops and condos tends to spike in the second quarter of the year — not long after Wall Street’s top workers cash their bonus checks.
The cause-and-effect is not entirely clear, the Observer notes. Other factors, such as a post-winter pickup in buyer interest and home purchases by recent college graduates, might be at work, the newspaper wrote. (Which made us wonder: What kind of recent college grad can afford a Manhattan co-op these days?)
One thing is not in dispute: Bonuses are expected to be big this year. One consulting firm reports that investment bankers are likely to see their end-of-year bonuses jump 20 percent to 25 percent this year from 2005. For managing directors at top investment banks, the increases are expected to be even higher. The potential windfall has purveyors of luxury goods — high-end real estate brokers among them — hoping to get a piece. via New York Times.
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
Comment by Bob Henley on 25 October 2009:
Interesting stuff. I’d rather see people invest in real estate in Sarasota Florida where the weather is much more comfortable.