2006_10_greetingsfromny.jpgWe're so confused by all the stories on the city's housing market.

AP: Manhattan Residential Market Cools
Daily News: Manhattan apartment prices slip in latest quarters - But numbers up 12% from '05
NY Post: NY CRA$H PADS - MANHATTAN APT. PRICES PLUNGING
USA TODAY: Manhattan: Except for 'very high-end' housing, 'market is quiet'
NY Times: Buying in Manhattan? Apartment Prices Steady

It seems that prices are dropping, apartments aren't being snapped up as quickly, realtors say things are quiet yet apartments are still pretty expensive. But the net-net is constant: The city's housing market is insane.

Property Grunt a good poston the relationship between the housing market and a hot stock market.