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Despite National Slowdown, Average NYC Condo/Co-op Prices Go Up 34 Percent

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By Anuradha Kher, Online News Editor

New York-- The average sales price of condos and co-ops in New York City rose 34 percent to $994,000 in the first quarter of 2008 compared to the same time last year, according to a report recently released by ResidentialNYC.com, a Web portal managed by The Real Estate Board of New York (REBNY)...

And Yet....

Morgan Stanley execs are planning another round of layoffs at the Wall Street firm, this time hitting 1,500 employees - 5/5/08.

Almost 10,000 Additional Job Cuts At Citigroup - 4/18/08.

Merrill Lynch Joins Pink Slip Parade: 3,000 More Employees Cut - 4/18/08.

26,719 jobs in the first quarter alone disappearing in the financial services industry, including Wall Street banks - 4/16/08.