With mortgage giants Freddie Mac and Fannie Mae bound for oblivion, many new players have come out out on to the field.
In southeastern Queens neighborhood of Cambria Heights, realtor Richard Gibbs says he wishes there was some way to wall off the short sales and foreclosures weighing on prices.
Dominique Strauss-Kahn spent his first day in his new home in Tribeca on Thursday. The ex-International Monetary Fund chief is serving house arrest in a $50,000-per-month townhouse.
Strauss-Kahn has spent the past four days under house arrest with his wife Anne Sinclair on charges he sexually assaulted a hotel housekeeper at the Sofitel New York on May 14.