Manhattan Buyers’ Market Widens

"Manhattan’s luxury apartment sales continued to fall in the third quarter, but now the starter market, which had been more resilient, could be losing momentum as well." According to the NYT article, reasons for this expanded softness include higher inventory and rising interest rates and things could get worse by the time tax bills are due in April 2019. ... [more]

"Manhattan’s luxury apartment sales continued to fall in the third quarter, but now the starter market, which had been more resilient, could be losing momentum as well." According to the NYT article, reasons for this expanded softness include higher inventory and rising interest rates and things could get worse by the time tax bills are due in April 2019. https://www.nytimes.com/2018/10/01/realestate/manhattan-buyers-market-widens.html?rref=collection%2Fsectioncollection%2Frealestate&action=click&contentCollection=realestate&region=rank&module=package&version=highlights&contentPlacement=11&pgtype=sectionfront [less]