Bubble Wrap
Entry
NY shows its strength!
Crain’s covers the Federal Reserve Board’s Beige Book with Fed says New York economy showing strength.
Even real estate, which is markedly weaker in New Jersey and in Upstate New York, remained relatively strong in the city, the Fed reports: “Manhattan’s co-op and condo market showed signs of resilience in the third quarter.”
The report notes that both the number of apartments sold in Manhattan and the price per square foot were up roughly 6% from a year ago. Commercial real estate also remained strong, with further signs of tightening in the third quarter.
#
posted about 3 years ago
0 comments
