Relevant:
- Manhattan Apartment Building Prices at Peak as Rents Jump
- Manhattan Apartment Prices Fall as New York Loses Finance Jobs
- Beverly Hills witnesses a 23 percent annual decline in home values -- Low interest rates do not mean long-term housing prices will go up. Just look at Japan and their historical interest rates.
- Manhattan Apartment Prices Drop as Buyers Favor Cheaper Co-Ops Over Condos
- Apartment Vacancy Rates in U.S. to Decline in 2010, CBRE Says
2012-04-03 — bloomberg.com
"Because the rental market is so hot, people are realizing that maybe buying a starter home is a better option, especially if they can take advantage of these low interest rates,"
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