Printer Friendly

Contracts down for residential units.

Fewer contracts were signed for residential units in Manhattan in January compared to the previous three months, according to according to
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

 the Core Group Marketing's latest Real Time Report. Contracts were still signed for one-bedroom units in every Manhattan neighborhood last month, but most neighborhoods saw no sales of three-, four-, five- or six-bedroom units. Only on the Upper East and West sides were contracts signed for apartments of every size. Larger units with higher price points spent more time on the market in January than smaller units with lower price points. Inventory declined in January as sellers who weren't in a hurry to sell took their homes off the market. The Core Real Time Report was first issued last month and uses data from the company's database. "At face value, contracts are a terrific way [to look at the market] because they're closer to the point where a meeting of the minds occurs," said Jonathan Miller This article is about the British physician, theatre and opera director, and television presenter; for other people named Jonathan Miller, see Jonathan Miller (disambiguation).
Sir Jonathan Wolfe Miller
, president of appraisal firm Miller Samuel. But "it's not clear to me whether [this data] represents a cross-section of contracts," he said. TRD TRD Trading
TRD Toyota Racing Development
TRD Transition Radiation Detector
TRD Technische Regeln für Dampfkessel (German: Technical Regulations for Boilers)
TRD Technical Requirements Document
TRD Trust Deed
COPYRIGHT 2009 Korangy Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Publication:The Real Deal
Article Type:Brief article
Geographic Code:1U2NY
Date:Feb 10, 2009
Previous Article:Foreclosed resort casts onward.
Next Article:Global woes bust local deals.

Related Articles
In June, construction contracting jumps 13%.
Full speed ahead.
May construction contracts decline in N.H.
Courts rule in favor of Kara Homes.
Real estate sales volume dipping 33% during 2008.
Real estate sales volume in Kuwait dipping 33% during 2008.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters