Manhattan Real Estate Still In Flux 3Q’09

Posted by Wei Min Tan on October 30, 2017



Summary:  Wei Min’s article on third quarter 2009 Manhattan property market.



Third-quarter Manhattan market reports recently released by the city’s top brokerages showed a slowing rate of price decline while transaction volume increased. Manhattan has lagged the nation in real estate price declines.

The ongoing question is when Manhattan will hit bottom. Consensus seems to be that the rate of decline is slowing. But a recovery still isn’t on the radar.

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22nd floor,
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About Wei Min

  • Focuses on investors of Manhattan condominiums, interviewed by CNBC, CNN, Wall Street Journal, New York Times
  • Ex-Citibanker, managed $500 million portfolio
  • MBA, University of Illinois at Urbana-Champaign
  • Manhattan resident since 1999. Currently lives in Tribeca with wife and 2 kids
  • 352 burpees in 23 minutes, student of muay thai kickboxing

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