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welcoming confidence again

WELCOMING CONFIDENCE AGAIN

WELCOMING CONFIDENCE AGAIN

This spring, as the real estate market rebooted, there were signs of recovery and stability everywhere in Manhattan.  A little over three and a half years after the worst financial tailspin in recent memory, activity and sales were robust again. As buyers and sellers grew more in sync, the spread between asking and closing prices narrowed, and the numbers of signed contracts and closings increased.  Confidence was up in Manhattan during the second quarter of 2011.