After leveling off in the prior quarter, Manhattan
housing prices resumed their upward ways
as inventory growth stalled. For the fourth
consecutive quarter, the number of sales fell
from prior year levels indicating that the pent-up
demand unleashed on the market in 2013-2014
has been fully absorbed. Key market drivers this
quarter continued to be a strong local economy
led by employment gains, the highest average
Wall Street bonus per person since 2007, a
booming tech sector, tight credit conditions,
low inventory and low mortgage rates…