The Afternoon Wrap: Tuesday

Home sales nationwide dropped faster than expected in November, according to the National Association of Realtors. [NY Times]

Never mind now: The subway and bus base fare could rise to $3 even next year. [NY Times]

News flash! Manhattan condo sales struggling! More at 11. [TRD]

City’s residential brokerages doing what they can to survive the downturn. [TRD]

Co-housing development negotiations are on for a site near Prospect Park. [Brian Lehrer via Brownstoner]

Far West Village vs. Rich Man’s Tribeca. [Curbed] 

Larry Silverstein on luxury rental demand (see above clip). [NY1]

The Afternoon Wrap: Tuesday