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Wealth
New York's Low Bonuses May Signal Lower Condo Prices
Wealth
New York's Low Bonuses May Signal Lower Condo Prices
Smaller bonus checks across Wall Street are a sign that New York City luxury real-estate prices may be on their way down. The average price for a luxury co-op or condo fell to $5.49 million in 2011 from a 2008 peak of $6.33 million.
Graphic by Bloomberg Businessweek; Data: Miller Samuel, New York State Comptroller
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