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Nicholas Adams Judge is a freelance writer specializing in business, politics and economics. He holds a B.A. in political science and will begin his PhD studies in political economy and public opinion next fall. He has studied economics and political science at a number of different institutions, both here and in the U.K., including Amherst College, Warwick University, Oxford University and the University of Massachusetts-Amherst.
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 Marginal Neighborhoods Hit First, HardestIt is usually the case that changing and marginal neighborhoods are hit hardest by slowdowns. Despite this entire recession being caused by those on Wall Street, this time is no different from most. Super-luxury New York Apartment Sales Set New RecordWith the peak of the Manhattan Real Estate market looking like it has passed for the near term, many observers are waiting to see when the drop in the market's value will begin and how far down it will go. New York City Real Estate Market Starts the Second Quarter Off With a Solid MonthDespite the predictions of many, Manhattan real estate increased in value dramatically during the first quarter of 2008. Led by the luxury market's huge increase in value, Manhattan led the way for the rest of New York City, which increased its value by an estimated 28%. Battles Loom Over Rent-controlled Nyc ApartmentsWith the sale last year of a large number of the city's public housing units, the battle over New York City's subsidized housing was brought into stark relief. What's Next for Manhattan Real EstateThe first quarter of the year was a bad one for the national housing market. Nothing much new occurred, however it was an unabated continuation of last year, which was one of the worst years for the national market on record. In that environment, however, the Manhattan real estate market continued to do OK. Manhattan Remains Stronghold of Nation's Real Estate MarketAs the subprime crisis only gets worse, the nation's housing market is set to suffer the same ignominious fate as it did in 2007. Last year was the worst year for the national housing market since the Great Depression, and the subprime crisis is beginning to give America's financial markets a reputation as the world's chief exporter of recessions. 2008 is expected to be as bad, if not significantly worse. Construction Levels Help Manhattan Rental RatesIn many ways, 2007 was the culmination of one of the most important periods in the history of New York City real estate. Over the past decade, Manhattan apartments have more than tripled in value. While the rest of the country began to buckle under the pressures of the subprime crisis, the momentum from such a breakneck pace of growth kept the New York City market going strong throughout 2007. Nationally, it was the worst year for housing since the Great Depression; for New York apartments, it w Manhattan Apartment Prices Hit Record HighsThe first quarter numbers are in for the Manhattan real estate market, and old records have yet again been broken. While the numbers seem surprisingly positive, the overall picture is more complex. Of Stern Bears Could be a Good ThingThe collapse of Bear Stearns has sent shockwaves across the international economy. One of the five big New York investment firms, its demise has had a psychological effect on the economy perhaps greater than its actual direct impact. The Future of the Luxury Housing Market in New York CityFor a little over a year now, the strength of the New York City real estate market has been a stark contrast to the national market. As things worsened across the country, the news was either great or just OK for New York City.
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