Housing crisis that led to layoffs on Wall St and smaller bonuses for bankers, is now affecting Manhattan home sale. People are worried about their jobs and do not want to commit to mortgage payments.
Sale contracts have fallen by 21% and supply has increased 4.6% to 6,194 in 1Q08, compared to a yr ago.
* AsiaOne-NY *
Thursday, June 5, 2008
New York Home Sales Slowed
Labels:
Economy,
Jobs,
Residential,
US
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