Across the country, home foreclosures are rising. It is taking longer to sell homes and when they do finally sell, they sell for less than they would have a year ago.
To put it simply: It is a bleak housing market.
But there are a few bright spots out there, the most dramatic being Manhattan.
In the last year, the median price for apartment sales on the island went up 14 percent, according to a report by one of the city's largest brokers, Halstead Properties. Not everything is perfect in the heart of New York City, but for the most part, the high-priced Manhattan market appears to be faring well.