The New York housing bubble just refuses to pop apparently. According to NY1 the Real Estate Board of New York's quarterly report is showing that despite real estate cooling off in the rest of the country, New York just keeps getting hotter. Median sales prices for co-ops and condos in Manhattan continue to rise "with prices up 13 percent the first quarter of of the year compared to the same time last year." The biggest jump was on the East Side where prices "are up 24 percent" with a median cost of $876,000.
Seriously though, how much longer can this go on?