How’s the market?
That a question I am asked daily. I wish I had a better answer than this: It’s more or less stable, depending on the week.
Although my response seems to satisfy most questioners, it troubles me to be unable to provide a more precise take on the Manhattan housing market. Appraisal executive Jonathan Miller has been saying for some time that the market has been “moving sideways,” and I guess that’s essentially the same thing phrased more elegantly than I do.
There are plenty of statistics, the best coming from my friend Noah Rosenblatt over at UrbanDigs.com. He and others have documented a surge in the sales of high-priced properties, those in the millions.
But the numbers also show that Continue reading