New York City Real Estate Market
For more information or to view this property,
contact Ruth Golod, Vice President at the Corcoran Group: (212) 893-1723.
It seems that I am not alone in thinking that there is a general slowdown in the real estate market in New York as well as in other areas. Many articles have been published this week quoting sources like government economic reports, local MLS board statistics as well as first-hand observations by real estate professionals. All have basically come to the same conclusion…property sales have slowed down over the past three to four months and a trend is starting to emerge. Do I think this means there is going to be a “crash” in the market, not at this point. But, I think you are kidding yourself if you think that the economy and real estate sales are slowing down finally.
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tags: homes, new+york, new+york+real+estate, real+estate, sales
MTA Srtike Threatens NYC
For more information or to view this property,
contact Ruth Golod, Vice President at the Corcoran Group: (212) 893-1723.
As if you have not heard, the Metropolitan Transit Authority (MTA) union workers are threatening a strike if a deal is not struck between workers and the MTA by midnight tonight. Estimates put the costs of such a strike at one half of a billion dollars every day. That is some serious cake. ABC reports that it would be impossible for the city’s immense business world to function without the almost 5,000 buses and more than 8,250 operating. This was evident after Sept. 11th, 2001, when the MTA rushed to get transit services back into operation soon after that tragic day. Four out of 5 workers who work in New York’s central business district, get on a bux or subway to commute during rush hour, according to the MTA. Hopefully, they will reach an agreetment and we can all put this behind us.