Friday, September 3, 2010

Manhattan vs US property market

Manhattan outperforms US housing market - WSJ article
Home Market:  Lots of Looking (link to Wall Street Journal article)

1.  New York City outperforms rest of the US housing market this summer.  Prices rising, employment grows.

2.  Manhattan median price, according to Streeteasy, up 18.5% to $900K compared to prior quarter.

3.  Number of closings up 70% in June vs May.

4.  Expiration of 1st time homebuyer credit had minimal impact.  

No comments: