Real Estate

Manhattan’s real estate market is currently experiencing a shift towards becoming a buyer’s market. Recent reports have indicated that apartment prices in Manhattan have fallen, while inventory has risen in the second quarter of 2024. These changes have led to a decrease in the average real estate sales price in Manhattan by 3% to slightly
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The housing market is facing a bleak future, according to Bank of America economists. They predict that the market is unlikely to recover for several years, and affordability will not improve unless a recession occurs. The bank’s economists paint a mostly pessimistic picture of the sector, pointing to various factors that are working against a
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The recent decrease in mortgage rates did not seem to generate much excitement among consumers. The Mortgage Bankers Association reported that total mortgage application volume only rose by 0.9% compared to the previous week. The average contract interest rate for 30-year fixed-rate mortgages also decreased slightly to 6.94%. However, this minimal drop did not lead
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