09.09.2011 - Comparing Manhattan’s housing market after 9/11, Lehman
The Wall Street Journal asked me to look at the period following 9/11 and the Lehman Brothers bankruptcy in September 2008 (and the related credit crunch) to see what, if any, housing market comparisons could be made. Of course, it goes without saying — but I need to say it — that on a human scale, 9/11 is not comparable to the Lehman bankruptcy in any way. To look at the markets following of both events, I assessed how each economic shock impacted sales activity of Manhattan co-ops and condos, which account for roughly 98% of the Manhattan single-unit residential market..............................................Full Article: Source
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