Industry NewsMarkets & Economy

Busy holiday sparks hope for New Year

From The Real Deal
Published on Jan 13, 2010

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by CareyBot

NEW YORK CITY -- Hope springs eternal in the New York City residential market, especially now that 2009 -- the worst year in recent memory -- is over.

"If you survived 2009, you can survive anything," said Yael Dunayer, an executive vice president at Barak Realty.

Like many other brokers, he pointed to strong activity in the second half of last year as an indicator of a possible 2010 recovery. "The last six months of 2009 have been very active and brokers should look forward to riding this trend well into 2010," Dunayer said.

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