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Manhattan Apartment Prices Drop as Lehman Hits Home (Update1)

Toro's Running of the Bulls Market Blog found this 7/2/2009 on bloomberg.com

July 2 (Bloomberg) -- Manhattan apartment prices dropped for the first time since 2002 in the second quarter as the collapse of Lehman Brothers Holdings Inc. and Bear Stearns Cos. caught up to property owners in the nation’s most expensive urban market. The median price fell 18.5 percent from a ...