Talking
Numbers - CNBC | Yahoo Finance
What ritzy Manhattan real
estate says about stocks
The already scorching-hot
New York City real estate market surpassed its latest milestone this week, when
news emerged that an apartment in Manhattan’s posh Upper East Side neighborhood
would go on sale for $130 million. That makes the triplex penthouse apartment,
in a building yet to be built, the most expensive New York apartment listing
ever.
For some, these
types of milestones reflect the stimulative policies of the Federal
Reserve. The Federal Reserve’s easing measures have decreased interest rates
and increased asset prices, which provides an even bigger boon to the
wealthy and make borrowing money less onerous.
