New York Apartment Prices

New York apartment prices for condominiums based on the most recent quarterly data including price per sqft, sales volume, average sales price. The overall theme for Q2’2021 was a surge in sales volume as buyers rush back into the market driven by low mortgage rates, pent up demand and reopening of New York City.

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China over-dependent on property, no demand

Quite a long video.  Summary:
1.  60% of China's GDP driven by real estate construction.
2.  They are building property at US prices that people can't afford, sitting empty.
3.  Consumption is only 5% of GDP

Bottom line - China is over-reliant on construction which has no demand.  Problem........

2Q Manhattan Property Prices, Sales Up

Manhattan Property Prices, Sales Up (link)
Just published in TheStreet.com.
- Manhattan property showed positive signs by all metrics.
- Prices up, transactions surged, days on market declined.
- Median price still 13 percent lower than peak reached in 2008.
- Expect gradual increase, rather than V shaped spike, moving forward.