The recession has hammered confidence in the Manhattan real estate market, with first quarter sales falling to their lowest number in decades, experts said. Three reports released Thursday estimated a plunge in sales of Manhattan apartments between 47.6 percent and 60 percent, although some real estate firms reported median ...

Three major Manhattan housing market reports for the fourth quarter of 2008 were released on Monday, the first ones that can at least somewhat gauge the impact of the financial crisis. (All involve deals closed in the final three months of last year, but perhaps negotiated many months prior.) The reports suggest a market definitely impacted by the national recession ...

Barack Obama is scheduled to be sworn in as the 44th president of the United States on Jan. 20. That real estate brokers and analysts are actually pointing to this date, historic though it is, as a crucial event in the recovery of Manhattan’s residential market tells you everything you need to know about its current state. In the ...

Philadelphia home sales tumbled 25 percent annually in the spring, according to a new report from Wharton economist Kevin Gillen (hat tip: Matrix). Meanwhile, the median house price there was roughly $109,000 by the end of June. In Manhattan, it was $1,025,000 (for condos and co-ops), according to Miller Samuel; and, in Brooklyn, $525,00. No wonder ...