January 3, 2008

Manhattan defies U.S. housing nightmare, sets record (Reuters)

The Empire State Building in midtown Manhattan, June 21, 2007. The U.S. housing market may be a seller's nightmare but Manhattan's was a dream in the fourth quarter as foreign buyers pushed up demand while supply stayed tight, sending the average sales price to a record high. (Keith Bedford/Reuters)Reuters – The U.S. housing market may be a
seller’s nightmare but Manhattan’s was a dream in the fourth
quarter as foreign buyers pushed up demand while supply stayed
tight, sending the average sales price to a record high.

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