Sure, there are worries about the credit market and subprime mortgage situation, but real estate brokerages around the city are basking in good news: Third-quarter Manhattan apartment closings were at the highest average price ever and home inventory tightened as well. The average price for a Manhattan apartment was $1.37 million and the average price for a condo is $1.6 million, with the different brokerage saying that it's anywhere from 16-38% higher than the previous......

If the Manhattan real estate market is still a bubble, then it's a bubble with unbelievable staying power. The Sun reports that second quarter real estate data reveals that the average Manhattan apartment sells for $1.3 million (a record-high according to three of four real estate firms). The median sales price of a Manhattan apartment is another record: $895,000. And the commercial side is also very strong, with foreign buyers opting to buy buildings and......

Real estate pundits are calling the downturn in the New York residential real estate market, as the NY Sun reports, a "soft landing" versus a "bubble burst." Apparently the fourth quarter was pretty good for some real estate brokers! What happened? Real estate appraiser Jonathan Miller, who prepared a report for Prudential Douglas Elliman (one of three reports released yesterday), said there were less properties on the market and sellers were setting realistic asking prices.......

If you are interested in urban planning, architecture, or real estate, The Stamford Review is a great read. It's a scholarly journal that deals with a lot of those issues, published in NYC and Stamford, CT. We got a copy of their spring issue (available as a free download at StamfordReview.com, which contained many intriguing pieces about the limits of growth in our city, and what is going to happen next. Larry Sicular, the......