A Tale of Five Cities - New York City

Tuesday, May 06, 2008

New York City

The NBR series "A Tale of 5 Cities" looks at impact the housing crisis is continuing to have on five different regions of the U.S. In this report, NBR correspondent Suzanne Pratt examines real estate in New York City's Manhattan borough.



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Number of Home Sales in Manhattan

Manhattan Market Number of Sales
Q1 2008	2,282	34.3% Decline
Q1 2007	2,518
Source: Miller Samuel

External Links/Articles*

• Brown Harris Stevens
  Brown Harris Stevens is a residential real estate sales, rental, management, and appraisal firm based in New York City. This links to a property listing for a condo in Manhattan's Midtown West section that is priced at more than $4 million.
• Halstead Property
  Halstead Property is a real estate brokerage firm in New York City. The firm's president, Diane Ramirez, is interviewed in Suzanne Pratt's report. In addition, images of two of the company's luxury properties on Fifth Avenue are also featured in the report.
• Miller Samuel
  Miller Samuel is a real estate appraisal and consulting firm based in New York City. The company's president and CEO, Jonathan Miller, is interviewed in Suzanne Pratt's report.
• New York State Associate of Realtors (NYSAR)
  NYSAR "is a not-for-profit trade organization representing more than 64,000 of New York State's real estate professionals." The association's website offers statistics about the state's housing market.
• New York University (NYU)
  This links to the "State of New York City's Housing and Neighborhoods 2007" report from NYU's Furman Center for Real Estate and Urban Policy. The report includes looks at mortgage lending trends in New York City as well as data on each of the city's boroughs, including Manhattan.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.