Manhattan Real Estate Prices: No Collapse, Forecasts New Report
Manhattan's real estate market shows an increasingly uncertain picture. Supply is up, buyers are reluctant to commit and prices in some areas and segments are weak. Using a range of economic data, including coop and condo prices, income and borrowing costs, Business360 assesses which way the market will move. This is Business360's fifth annual report; in all previous years its forecasts compare favorably with actual price movements.
(PRWEB) October 5, 2006 -- Business360 issued its 2006 Manhattan real estate report, which uses square foot condo and coop prices, to assess the extent to which prices in one of the nation’s real estate "hot spots" are overvalued. The analysis compares market fundamentals today with those at different times in the last 25 years, including the last peak of 1987.
Using real estate data from Miller Samuel, New York’s leading authority on its real estate values, along with economic data on personal income and interest rates, Business360 examines the market on a range of core metrics including various affordability measures.
In the face of growing uncertainty and confusion in the market, Business360’s report provides historical context for understanding longer term changes and trends that are underway.
This is the company’s fifth annual report on this topic. Its forecasts from the previous four years are all directionally correct and compare favorably to actual price movements.
The 2006 report discusses likely price movements and how current uncertainties will affect the Manhattan market.
The report is for release Thursday, October 05, 2006
To purchase copies of the 25-page report (price $99), contact +1 (212) 866 4680.
About Business360 Inc.
Business360 conducts research and analysis across a range of sectors for top tier companies and organizations. Clients include Fortune-class corporations, top investment banks and consulting firms, business advisory and audit companies and many advertising agencies; we also work with smaller companies, business writers and independent consultants.
In addition to rigorous and independent analysis we help investors and concerned parties monitor market developments, tracking on-the-ground activity across different markets and helping surface trends before they are clear in the economic data or financial reports. These metrics, unavailable through other sources, can give investors an important advantage.
Further details are available at www.business360.com, or from John Marchant (+1 212 866 4680) or Roger Sharp (+44 8703 505 360).
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