Thursday, April 2, 2009
Round 2 ding ding
During the boom years, Manhattan was churning out double-digit price increases, with a 20% jump, for example, during 2005. ============= "The tipping point was in September and was largely triggered by the bankruptcy of Lehman Bros. and bailouts of AIG, Fannie Mae and Freddie Mac," said Miller. "This marked a sharp contraction of credit, greatly restricting demand as participants had more difficulty obtaining financing.