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
Although I agree on most points, I would like to point out that most of the banks that are being ...
The question is when are they going to release them on the market. Las Vegas leads the nation in ...
I keep seeing mentions of Florida's market getting better in multiple blogs. I'm increasingly under the assumption that at least ...
I would like to know more about it. I need to know how you file for it. Please let me ...
Great blog, keep the great content coming! 
If you want to succeed, do not say "we can prevent this in the future." Live in reality. ...
The price of the property depends on its quality and the deal between the management. Good and wise choices are ...
I don't have experience at actualy working in tha automotive bussinnes, but have experience working in a warehouse invironment. ...
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.