BIG SURPRISE: HOUSING SLUMP IN MANHATTAN!

NYT is really ahead of the game.
Housing Slump Hits Manhattan

So why now? The following IM discussion explains it.

Me(8:42:19 AM): old news
Family Member (8:43:06 AM): yeah
Family Member (8:43:13 AM): they put it off until they couldn't ignore it
Me(8:43:19 AM): yeah

And people wonder why newspapers are dying.