Hello and welcome to our Manhattan luxury real estate blog. Halstead Property, LLC is one of the most visible and fastest growing residential real estate brokerage firms in New York. Headquartered at 770 Lexington Avenue, the firm has more than 600 sales and rental agents throughout eleven prime retail offices in New York City including six in Manhattan.
RSS SubscribeHas New York City Hit Bottom?
That’s a question that seems to be on many people’s minds – real estate buyers and investors trying to time the market and residents waiting to feel secure alike.
The good news is, well, that there is good news. Amidst the layoffs, the latest twist on Madoff and foreclosures is an increasing number of positive news stories.
The Wall Street Journal
Bernanke ‘Fundamentally Optimistic’ About Economy
The Wall Street Journal
Economists See a Rebound in September
The New York Times
Outlook on Economy is Brightening, New Polls Find
Recently, Crains published a story about the New York City economy. Some highlights include:
- Staffing Firms reporting increased hiring by client companies
- NYC consumer confidence rises to 1st quarter 2008 levels
- Real Estate firms are seeing an increase in signed contracts
Even Halstead Property’s chief economist is smiling. Yesterday’s post on his economics blog told of a 20,000 reduction in job loss claims last week. Get more facts from Mr. Heym on Halstead Behind the Numbers:
Posted By: 
Sharon Michnay
