Monday, January 7, 2008

Why the Dollar Matters in Real Estate Stories

This week, these fine folk set out to solve a lingering mystery -- at least for anyone almost willfully blind to the effects of a weak dollar in an area that's attractive to foreign buyers. Here is the headline: Apartment Prices in Manhattan Defy National Real Estate Slide.

The article led off in deep wonderment about the half-price sale that is the Manhattan real estate market for many foreign buyers, thanks to that weak dollar:

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