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Breaking down the bonus bounce

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Editor's note: This article is reposted with permission by The Real Deal. View the original article. By SARAH RYLEY Turns out the connection between Wall Street bonuses and real estate sales isn't just broker lore -- it's real. Click here to see larger image. The Real Deal tracked the year-over-year percent change in Wall Street bonuses and Manhattan condo and co-op transactions going back to 1993, using data provided by the city comptroller and appraiser Jonathan Miller, respectively. Besides the volatile period between 1998 and 2005, the leaps and plunges in annual transactions were in lockstep with the bonuses showered on Wall Street at the beginning of that year. For example, at the start of this year bonuses shot up 39.5 percent to $25.4 billion. Meanwhile, the number of co-ops and condos sold in Manhattan is on track to increase a near-exact 39.3 percent to 10,353 by the end of the year. Given this correlation, transactions will likely drop at l...