When the quarterly results of Manhattan’s housing market are released, you can count on a chorus of brokerage executives to sing from the same hymnal.
Yesterday’s Q4 reports were no exception, and I suppose you can’t really blame presumed experts for painting the statistics in the most vivid colors.
So consistently upbeat is their analysis that I take their comments as more prayerful than perceptive. That’s why I referred to “hymnal” in the first paragraph.
Unlike highly educated — though frequently inaccurate — economists, they seem to base their appraisals of the past and predictions of the future merely on Continue reading