NEW YORK — The Real Estate Group, a brokerage firm, found in its most recent monthly report that Manhattan's real estate market, so far impervious to the subprime mortgage crisis, may finally be turning—a potential boon for renters and buyers, but not so good news for property owners.
"While the market often sees a January rebound from December's historically weaker prices, this month, average citywide rents continued to cool across all apartment sizes and service levels," reads a letter from Daniel Baum, C.O.O. of The Real Estate Group.
New York City 2010
