Market Update: An interesting, detailed look at the... - NBC New York

Market Update: An interesting, detailed look at the...

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    NEWSLETTERS

    An interesting, detailed look at the state of the Manhattan and Brooklyn condo markets begins thusly: "As we approach the end of summer, the sales volume of New York City condominiums is way down, and it is harder than at any time in recent history for purchasers to qualify for residential mortgages, most developers and brokers say. Still, many are hopeful that the situation is merely a case of the summer doldrums, and that activity will pick up again in the fourth quarter of 2008." [NYSun]