Manhattan property prices drop 13%
The Wall Street Journal reported today that property prices in Manhattan dropped 13%.
I also remember vaguely reading somewhere that prices in Japan are up for the first time in 15 years. I think it was some minuscule amount like 1% but it beats being negative!
now that Manhattan’s dropping, can California be far behind? i don’t think so!
If you found this post helpful, consider donating to my coffee fund!- Foreigners losing appetite for US Treasuries or Why interest rates are going up Bloomberg News reports that Foreign Investors are losing their appetite for US Debt.This basically means that the Fed is going to have to raise the interest rates offered on the treasures, which in turn will cause the mortgage rates to rise as well. This doesn't bode too well for the......
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