I’ve been thinking. . .

(Flickr photo by SouthernAnts)

Although the Great Recession officially ended in June 2009, there is a loose consensus that housing is about to recover or, indeed, is already recovering.

It’s hard to know where we are. None of the statistical information from a variety of sources is particularly helpful. Anecdotal information is even worse.

When it comes to Manhattan’s housing situation, nothing could be easier than to find rosy predictions–most recently in the New York Times, where various executives were quoted as celebrating a boost in business.

Yet, when I speak to brokers at their open houses,  Continue reading