ALTHOUGH the prices of Manhattan apartments have remained high so far in the fourth quarter, figures on inventory and new listings illustrate a sharp deterioration in the market as the economy and consumer confidence fell.
Read more in the NY TImes about how experts expect price declines to follow rising inventory. One could assume they might have something similar to say about other markets with large inventories of unsold properties.
Don't forget to check back to Dan's Deep Creek Blog for future updates.
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