Manhattan apartment prices dropped in the first quarter as condominium sales plummeted and new- development deals made up the smallest share of the market in almost seven years.
Manhattan apartment rentals more than doubled in the second quarter from a year earlier as the city’s job market improved and tenants gained confidence.
"Most of the efforts that have been done on the state and local level have actually extended the crisis."
- Miller Samuel on Apr 26, 2012
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