Has the Housing Market Hit Bottom?

For months, New Yorkers have watched the rest of the nation suffer through the housing crisis while their own home prices remained stable. Well, no more. Prices in Manhattan "fell off the cliff" at the start of this year, according to one of the city's leading real estate companies. The median price for a Manhattan apartment fell 19 percent over the last year to $795,000, its lowest level since the second quarter of 2007, according to a report Thursday morning by Halstead Property. Luxury... Full Story