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….
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Tags: Three Cents Worth, Absorption, 3CW, Lehman