It’s time to share my Three Cents Worth on Curbed, at the intersection of neighborhood and real estate.
Three Cents Worth: Manhattan Absorption Tall Tales
This week I looked at absorption of Manhattan apartments, considering all possible units as available to be sold (i.e., including shadow inventory). I looked at the period 4Q 08 to 1Q 2010 because I wanted to show conditions in the post-Lehman Manhattan housing market. I defined absorption as the number of months it would take to sell existing supply (including shadow inventory for new development) at the current pace of sales….
Check out previous Three Cents Worth posts.