Property Grunt

Wednesday, July 02, 2008

There is always one.


This morning I heard on Bloomberg Radio that the real estate market in Manhattan has now officially went into a sUimp according to the Great Jonathan Miller.

Here's an excerpt from their site.

July 2 (Bloomberg) -- Manhattan apartment sales dropped the most for a second quarter since 1998 and unsold inventory approached an eight-year record, two signs prices may be poised to drop in the nation's most expensive urban housing market.

But if you put in Jonathan Miller, Bloomberg in Google News, take a look at what you get.

Manhattan Second-Quarter Apartment Sales Drop Most Since 1998
Bloomberg - 7 hours ago
``There is sort of the anticipation, the expectation that the other shoe is going to drop,'' Miller Samuel President Jonathan Miller said. ...
Apartment Sales Remain Vigorous in Manhattan New York Times
Manhattan real estate starts to soften CNN
Manhattan housing market slows Crian's New York
Earthtimes (press release) - New York Sun
all 65 news articles ยป

There is at least one party that says it is alright to drink the Kool Aid.