$38 Billion in Wall Street Bonuses for 2007

Despite all the gloomy headlines and serious fallout from the sub-prime mortgage business, according to Bloomberg News Wall Street bonuses are estimated to be $38 billion, even greater than last year.

Many shareholders have lost money this year, but the increase bonus pool comes from fees from M&A and underwriting IPO's despite the losses from subprime mortgages.

The average $201,500 bonus on Wall Street is more than four times the $48,201 median household income in the U.S. last year, according to U.S. Census Bureau statistics.

What does Wall Street Bonuses do fro New York real estate? If history repeats itself like it always does Wall Street bonuses fuel Manhattan real estate.

• If you are a buyer on the fence, act now before you are competing with all the bonus money after the 1st of the year.
• If you are holding off listing (selling) your apartment, get ready for January. The sky hasn’t fallen and the winter/spring market should take off again.

Whether you're trading up, ready for your first home or want the perfect pied-a-terre, I look forward to helping you.

Click the links to become a VIP Manhattan Buyer and start recieving listings or click VIP Manhattan Seller for a complimentary market evaluation of your home.