Smaller Wall St. Bonuses Mean Cheaper Condos: Chart of the Day
This article is for subscribers only.
Smaller bonus checks across Wall Street indicate New York City luxury real-estate prices may be on the way down.
The CHART OF THE DAY shows the relationship between average Wall Street annual bonuses, lagged two years, and the average price for luxury condos and co-ops in New York City, based on data from the Office of the New York State Comptroller and real-estate appraiser Miller Samuel Inc.