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NYC Apartment Prices Hit Record Highs, Slowdown on the Horizon

While most of the nation deals with a housing slowdown and slump, Manhattan is seeing its highest prices ever.
The average price of a Manhattan apartment in the first three months of 2008 was $1.7 million. This number is up 33.5% from the same period in 2007, according to brokerage firm Prudential Douglas Elliman.
These record prices, […]

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