credit crunch

The Real Estate Board of New York held a luncheon at the Sheraton in midtown today, with members of a panel stacked with CEOs coming to a general consensus that the market’s temperature has dropped substantially from the searing hot days of early 2007.

That concept is hardly shocking for anyone who’s picked up a newspaper any time since August, but it seems relatively significant that some top members of the industry–a profession normally dominated by bullish, positive statements, at least on the record–candidly acknowledged the rough climate.  read more »