But although fall is typically when the market goes on an upswing, this year, buyers are still expected to be hesitant to pull the trigger, and September data is expected to be somewhat off from years past...

As a result of the new financial minefields, many first-time apartment hunters in New York have changed their approach to securing affordable financing. In some cases, first-time buyers, who tend to be in their late 20s and 30s, are having their parents...

The tried-and-true tropes — "location, location, location" and "you get what you pay for" — can be imprecise. Clearly, a crummy product can fail anywhere, and one can get ripped...

But there are growing signs that this last bastion may be giving way. New York City, the seemingly indestructible foundation of the nation’s luxury property market, has this year begun...

Recently released city records indicate that apartments in prime Manhattan neighborhoods are selling for less than their purchase prices — a phenomenon that until now was virtually unheard of in the seemingly invincible New York City real estate market.

Among the apartments selling for a loss is a unit at 80 John St., in the financial district, which recently sold for $590,000, much lower than...

The house at 120 Beach Lane lists for $19 million. The six-bedroom, four-bathroom shingle-style house is between the Atlantic Ocean and Wainscott Pond on three acres.

Ronald Lauder owns property next door.

Drexler also owns houses in Montauk and Bridgehampton. The agent involved in all three properties was Paul Brennan of Prudential Douglas Elliman Real Estate in...

...

Skip to next paragraph Circle the block five times looking for a place to park, and another wish can be added to the list: a private garage.

A recent check of real estate Web sites turned up about a dozen listings for town houses with private garage space...

...

"We've had absolutely no sales or contracts with people from financial institutions," said Albert Marengo, the chief financial officer at the developer of Observatory Place, Gary Silver Architects. "It was a...

Meanwhile, the median house price there was roughly $109,000 by the end of June. In Manhattan, it was $1,025,000 (for condos and co-ops), according to Miller Samuel; and, in Brooklyn, $525,00.

No wonder so many New Yorkers are splitting for Philly.

...

The national numbers, however, were dragged down by foreclosure disaster zones in California, Arizona, Nevada and Florida. In 30 of the 50 states, prices have risen since last year's second quarter, if only by a little, says the report by the Office of Federal Housing Enterprise Oversight,...

Of the 13 co-op sales of at least $20 million each in the first half of 2008, eight were on Fifth Avenue, four on Park Avenue and one on Central Park West.

The spike in sales at the top end of the co-op market...

Columbia paid $69 million, or roughly $400 a square foot, for the 127-unit building at 3260 Henry Hudson Parkway, which it plans to use to house faculty and graduate students. The developer was selling the individual apartments for roughly $500 a square foot, according to Vincent Carrega,...

Stratospheric housing prices in Manhattan, which until recently was one of the few markets in the US that had escaped the housing slump, have long been propped up by foreigners eager to live and invest there. The weak dollar has helped to encourage them still further in recent years.

But financial workers - whose...

Experts caution that such information should only be used as a guide when deciding whether the time is right to buy, sell or refinance. "It has a powerful impact, on the supply side and the demand side," said Robert Campbell, a Hofstra University real estate finance professor. "A lot of people have withdrawn properties from the market."

Housing and...

Experts caution that such information should only be used as a guide when deciding whether the time is right to buy, sell or refinance. "It has a powerful impact, on the supply side and the demand side," said Robert Campbell, a Hofstra University real estate finance professor. "A lot of people have withdrawn properties from the market."

Housing and...

Experts caution that such information should only be used as a guide when deciding whether the time is right to buy, sell or refinance. "It has a powerful impact, on the supply side and the demand side," said Robert Campbell, a Hofstra University real estate finance professor. "A lot of people have withdrawn properties from the market."

Housing and...

Hit hard by the collapse of the market for mortgage-backed securities, the firm Link led for more than a decade has so far laid off 131 lawyers. Profits per partner dropped for the first time in years, and a management shakeup in February had Link stepping down as its longtime chairman.

Oh, and he has mold in his basement.

Since October, Link, who remains managing partner, has been embroiled in litigation over a $6...

Developers Craig Wood and Curtis Bashaw hired cutting-edge French architect Jean Nouvel to design a 23-story building that features a shimmering facade with thousands of unusually shaped windows looking out on the Hudson River. High-end buyers such as Blackstone Group's incoming chief financial officer, Laurence Tosi,...

Hit hard by the collapse of the market for mortgage-backed securities, the firm Link led for more than a decade has so far laid off 131 lawyers. Profits per partner dropped for the first time in years, and a management shakeup in February had Link stepping down as its longtime chairman.

Oh, and he has mold in his basement.

Since October, Link, who remains managing partner, has been embroiled in litigation over a...

"Manhattan held up better than most other places," said Mark Zandi, the chief economist and co-founder of Moody's Economy.com. "Long Island is being hit, as is Northern New Jersey. I do expect Manhattan's housing market to...

But after a rocky first quarter — which was marked by a nearly 38 percent drop in sales compared to the same time last year and a nearly 45...