More Downward Pressure For New York Real Estate As Wall Street Bonuses Down 44 Percent
Wall Street bonuses, the lifeblood of the luxury market in New York City, are down 44 percent this year.
With average housing prices in Manhattan hovering in the million dollar range 2009 could be a very tough year for agents.
The effects on New York real estate will be myriad: the top end of the luxury apartment market, for one, will find far fewer buyers; mortgage lenders will find fewer qualified borrowers; the rental market may actually feel a slight bounce, as would-be buyers, shorn of bonus liquidity, rent for a spell on their suddenly longer way toward homeownership; and, for the commercial market, the decline in Wall Street compensation could lead to empty desks through layoffs or other turnover, which will eventually create more space for lease and sublease. via Observer.com
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
Comment by Albany Homes on 29 January 2009:
Couple the fact that earnings are down with tightening in the lending market spells doom for high end real estate.