Manhattan real estate ended 2010 positive. Manhattan real estate seems to have weathered the financial storm. The week between Christmas and New Years', traditionally a slow period was very busy, a strong indicator that the first quarter of 2011 will be very active.
Interest rates are still low and bonuses should bring a strong market. There is demand and shortages for large apartments. The 4th quarter market reports will be out this week. I will post the Corcoran 4th quarter report ASAP.
Happy New Year and best wishes for 2011.
Jan 3, 2011
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