I think the big story this week has to be the precipitous and welcome drop in mortgage rates. 30 year fixed rates have dropped from a high of 6.5% in late July to around 5.8% today. Better yet, I am hearing quotes as low as 5.4%- 5.5%.
9/11 Memorial Gets Downsized (Curbed)
Mortgage Rates Take Big Drop After Bailout Plan (MSNBC)
Wilpon Wants Soccer Stadium To Replace Shea (Queens Crap)
UWS Residents Worry About Lines For New Shake Shack (NY Times)
Lehman Brothers Facing Growing Pressure (WSJ)
Arby's Plans 41 NYC Locations (Observer)
Did Apartment At 145 Hudson Set New Downtowns Sale Record? (Observer)