Articles on NYC Real Estate News

The Recession: Catastrophic... or just Condensed? (Either Way, Manhattan Co-ops Might Be a Smart Bet)

Betting on Manhattan Co-ops during the recessionA recent N.Y. Times article, Looking for Bottom in N.Y. Real Estate, caught our eyes. It dealt with the same question we touched on last week... when will New York real estate rise again? Here's a fascinating theory on the nature of the downturn:

Large drops in prices are not new in the city. The last decade-long increase in prices was followed by about seven years of falling prices starting in the early 1990s, said Ingrid Gould Ellen ... “It’s possible that rather than seeing price declines spread out over a six-year period, this time it could be concentrated in a two-year period.”

NY Real Estate News Blast: Federal Reserve Snatching Up Treasury Bonds... Stock Market Jumps

The Wall Street BullFrom Fed to buy $300 billion in long-term Treasurys by MarketWatch...

The Federal Reserve's move, one of several actions taken Wednesday aimed at making it less expensive to borrow money, signaled it will boost the size of its balance sheet to more than $4 trillion. Today's moves double the amount of money the central bank has poured into the economy to try to stimulate economic activity.

Here's the immediate market impact...