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nytimes.com - 11/8/2008
A Downturn Begins
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Prices fell in many Manhattan neighborhoods in the third quarter. Areas that did not are likely to see prices fall in the fourth quarter. >

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Manhattan Real Estate: New York City Real Estate Tips:  NY Times: "A Dowturn Begins"

BankersBall:  Where the Prices Are Dropping

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NY Times: "A Dowturn Begins"
Manhattan Real Estate: New York City Real Estate Tips — ... reports to come out in 1Q of 2009 or so, released in early April 2009, showing price declines across the board. If I had to estimate where we are right now, I think we had the quick adjustment of 12%-18% from peak levels already, with pockets of distress doing deals at lower levels or wherever a serious bid that can get financing comes in at. Even though this report is earlier than I predicted, the effects will not be. The NY Times front page of the real estate section states, "A Downturn Begins": ...

Where the Prices Are Dropping
BankersBall — ... The more fringe areas of Manhattan real estate experienced price drops in the single to double digit range at the end of Q3, reports the NYT. ...

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